The National Company Law Tribunal (NCLT) has asked Byju's to consider extending the closing date of its $200 million rights issue, while the company hints at not accepting the request. Meanwhile, estranged investors raise technicalities that prevented the issue's closure....
The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by IndusInd International Holdings for Reliance Capital. The plan involves a 63% haircut for creditors, with the winning bidder agreeing to pay only 37% of the admitted claims....
The National Company Law Tribunal (NCLT) has ordered the liquidation of Gitanjali Gems, a jewellery retailer promoted by absconding diamantaire Mehul Choksi, under Section 33 of the Insolvency and Bankruptcy Code, 2016....
The National Company Law Tribunal (NCLT) has admitted a new petition filed by a Zee Entertainment Enterprises Ltd (ZEEL) shareholder seeking the enforcement of the now-cancelled merger agreement between ZEEL and Sony....
The National Company Law Tribunal (NCLT) has dismissed the insolvency petition filed against the airline by Wilmington Trust SP Services marking a victory for SpiceJet, The announcement came from SpiceJet itself on January 30, providing a sigh of relief for the ...
Edtech giant Byju's and the Board of Control for Cricket in India (BCCI) are headed for arbitration over a sponsorship rights dispute, with Byju's informing the National Company Law Tribunal (NCLT) of their decision....
The National Company Law Appellate Tribunal (NCLAT) overturned an NCLT order recommending the liquidation of SARE Realty Projects, emphasizing the need to explore buyer options before resorting to liquidation....
Zee Entertainment rubbishes report claiming proposed merger with Culver Max Entertainment risks collapse over who would become CEO of the merged entity....
In a latest development, National Company Law Tribunal on August 17 asked Spicejet to explain why a notice in a petition submitted by aircraft lessor Aircastle (Ireland) Limited should not be served to the airline. The counsel from Aircastle (Ireland) Ltd ...
Vedanta's plans to acquire Meenakshi Energy via the insolvency resolution procedure has been approved by National Company Law Tribunal (NCLT) Hyderabad bench earlier last week, according to reports. Earlier this year on January 18, Vedanta was declared as the as the ...
The merger of Zee Entertainment (Zee) and Sony Pictures Network India (SPNI) approved by the National Company Law Tribunal last week is seen as positive news by industry experts. The combined entity is anticipated to be worth over $10 billion and ...