The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the Principal Bench of NCLT that the Ministry of Corporate Affairs (MCA) will have to be made a party to every case under the Insolvency and Bankruptcy Code (IBC).   The appellate tribunal said that the...
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In a relief for the Jet Airways' lenders, the National Company Law Tribunal (NCLT) on Wednesday approved their request for an extension to the corporate insolvency resolution process (CIRP) of the airline by another 90 days.   The 270-day CIRP period of the grounded company ended on...
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The National Company Law Tribunal (NCLT) on Thursday admitted the State Bank of India's insolvency plea against the now-grounded Jet Airways.   The Mumbai bench of the tribunal has directed the Insolvency Resolution Professional (IRP) to make efforts to resolve the matter within three...
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The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that the lenders of Jaypee Infratech (JIL) can vote against the NBCC's bid to acquire the insolvent real estate company.   The Delhi-based appellate also directed for the completion of the ongoing voting process,...
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The Mumbai bench of the National Company Law Tribunal (NCLT) has directed market regulator, Securities and Exchange Board of India (SEBI), to conclude its investigation in the proposed sale of Hotel Leela Venture's several assets to Brookfield by the next hearing on 8th July. The...
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