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What the Supreme Court told us this year

From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.M J Antony reports. IMAGE: India's Supreme Court. Rafale relief On the last working day of the year, the Supreme......

Justice S J Mukhopadhaya retires as NCLAT chairperson

He supervised and handled several major big ticket insolvency cases that includes Essar Steel, Bhushan Power & Steel, Bhushan Steel, Jaypee Infratech, ElectroSteel Steel, Binani Cement, Reliance......

IL&FS case: Deloitte, KPMG's plea dismissed

Rejecting the contention of the auditors and others that they cannot be treated as part of the management, which is responsible for managing the affairs of the company and therefore should not be......

As financial crisis deepens, tea estates are up for sale

The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies. With limited funds available for daily operations, the financial......

Patanjali acquires bankrupt Ruchi Soya for Rs 4,350 crore

The acquisition will help Patanjali acquire edible oil plants as also soyabean oil brands such as Mahakosh and Ruchi Gold. Yoga guru Baba Ramdev's Patanjali Ayurved on Wednesday made its first big......

Decks cleared for ArcelorMittal to take over Essar Steel

Setting aside the NCLAT order, a 3-judge bench headed by Justice R F Nariman, said the two set of creditors will be treated differently during the insolvency proceedings and taking over of a......
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Bankruptcy process at Indu Techzone set aside by NCLAT

The tribunal has ordered in favour of the company on the ground that lender IFCI had filed the insolvency petition after missing the deadline as... ...

https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/bankruptcy-process-at-indu-techzone-set-aside-by-nclat/articleshow/76085126.cms
NCLAT Cancels Summer Vacation to Cover Shortfall in Working Days due to Lockdown

The Delhi-based principal bench was scheduled to go on summer vacation in the month of June. ...

https://www.news18.com/news/india/nclat-cancels-summer-vacation-to-cover-shortfall-in-working-days-due-to-lockdown-2618817.html
NCLAT gives conditional go-ahead to NBCC for Jaypee Infratech

The appellate tribunal also directed Jaypee Infratech's Interim Resolution Professional (IRP) Anuj Jain to constitute an interim monitoring... ...

https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/nclat-gives-conditional-go-ahead-to-nbcc-for-jaypee-infratech/articleshow/75297109.cms
Injeti Srinivas

Apart from the exercise of recasting the financial statements, an SFIO probe report regarding an IL&FS subsidiary is nearing completion and some... ...

https://economictimes.indiatimes.com/news/economy/finance/substantial-recovery-likely-against-ilfs-external-debt-worth-rs-94000-cr-injeti-srinivas/articleshow/74994464.cms
NCLAT says lockdown period will be excluded

NCLAT has said that the period of lockdown will be excluded from the 90-day deadline set for the completing the debt resolution process of IL&FS." ...

https://www.thehindubusinessline.com/companies/ilfs-90-day-debt-resolution-nclat-says-lockdown-period-will-be-excluded/article31247583.ece

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