The government is planning to draft rules for the National Company Law Tribunal (NCLT) to deal with Insolvency and Bankruptcy (IBC) cases, according to official sources. The Ministry of Corporate Affairs (MCA) is also looking to fill all vacant posts at various NCLT Benches by August and put in place an IT-enabled system that would use artificial intelligence (AI) for case management. The NCLT, adjudicating authority for matters related to company affairs, was constituted before the IBC came into effect.
Kanimozhi had challenged a Madras high court order which had refused to dismiss the petition against her.
BCCI president Sourav Ganguly, who also holds the post of director at ATK Mohun Bagan, has decided to step down from the position in the Indian Super League franchise to avoid any potential conflict of interest.
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group have again submitted their EOI, after the lenders of Future Retail decided to invite fresh bids after dividing FRL's assets into clusters. According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit "resolution plan(s) for any/all such Clusters under Option II".
LSG do not have to fret so much about the mathematical scenarios as a win would be enough for them to seal their back-to-back playoff berth.
Following is the statistical highlights of the Indian Premier League match between Mumbai Indians and Kings XI Punjab.
Royal Challengers Bangalore scored an easy seven-wicket victory over Rajasthan Royals in their Pepsi IPL match in Bangalore, on Saturday.
Challenging the "illegal" reduction in its claim by the erstwhile resolution professional (RP) in the Jet Airways revival plan, the Punjab National Bank (PNB) has moved the National Company Law Appellate Tribunal (NCLAT) citing discrimination. The NCLAT on Thursday issued notices to RP Ashish Chhawchharia and the committee of creditors on PNB's plea to set aside the insolvency court's approval of the airline's revival plan. It has posted the matter for further hearing on September 21.
The Eastern Army commander said that there were some minor injuries to soldiers on both sides.
Jet Airways HQ owner wants resolution professional to vacate premises. The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March.
When it was operational, Jet Airways had over 22,000 employees of them over 16,000 were on the rolls.
India bolstered their bowling attack for the third Test against South Africa by including Ishant Sharma and Munaf Patel.
The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. It has also put the company under protection of moratorium and directed the suspended board of directors to assist the IRP to run the company during insolvency proceedings.
"Irfan Pathan and Yuvraj Singh are not 100 per cent fit, so we have kept a backup for them in the next two games," chairman of selectors Dilip Vengsarkar informed in Mumbai on Monday.
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
The 44-year-old Tirkey, a player-turned-politician and administrator, is the country's most capped player with 412 international caps.
In the FIR, Kejriwal has been accused of an offence under Section 125 of the Representation of the People Act, 1951, which pertains to promoting enmity between classes in connection with elections.
India captain Sourav Ganguly won the toss and elected to field in the game against Zimbabwe
The Enforcement Directorate (ED) on Monday conducted raids at over a dozen locations in Chhattisgarh including at premises linked to state Congress leaders as part of an ongoing probe into the alleged coal levy scam, officials said.
The pleas have also raised the issue of Election Commission's power on issuance of separate notifications for holding by-polls for casual and regular vacancies in Rajya Sabha.
The possible date for bidders to submit a resolution plan to the adjudicating authority -- National Company Law Tribunal (NCLT) -- is September 27.
Rudra Pratap Singh took four for 22 as Deccan Chargers crushed Kolkata Knight Riders by eight wickets in the fourth match of the Indian Premier League in Cape Town, on Sunday. Singh took full advantage of the bowler-friendly conditions at Newlands to help bowl out Kolkata for a lowly 101 in 19.4 overs. In reply, Gibbs top-scored with 43 from 26 deliveries and Rohit Sharma smashed 36 not out as Deccan cruised to the victory target in just 13.2 overs.
The bankruptcy tribunal had on July 5, prevented the Directorate General of Civil Aviation from deregistering the Boeing 777 plane, which has been under the possession of a Dutch cargo provider since April.
A special court in Mumbai on Wednesday reserved till Thursday its order on the bail pleas of former Maharashtra home minister Anil Deshmukh and state minister Nawab Malik seeking the one-day relief to cast their votes in the June 10 Rajya Sabha elections.
Gujarat batter Priyank Panchal, who replaced the injured Rohit Sharma for the upcoming Test series in South Africa, said he is honoured to get a call-up to the Indian team.
Its effort to stave off bankruptcy by selling spectrum to Reliance Jio got scuttled after the long legal and government delays for approvals.
Congress leader Rahul Gandhi on Monday told a sessions court in Surat his conviction by a magistrate's court in a 2019 defamation case over his "Modi surname" remark was erroneous, patently perverse, and he was sentenced in a manner so as to attract disqualification as a member of Parliament.
Weeks before shutting down operations on April 17, a logistics vendor had taken possession of a Jet aircraft--a Boeing 777--at the Amsterdam airport for non-payment of dues.
The people of Oting in Mon district in the northeastern state said they will erect a monolith in memory of the 14 people on the first anniversary of the killings.
The new circular provides for a framework for early recognition, reporting and time-bound resolution of bad loans.
An outcome of the petitions may have wider repercussions for many political leaders including Prime Minister Manmohan Singh especially if the petitioners succeed.
Wasim Akram wished Sachin Tendulkar a speedy recovery after the latter was shifted to the hospital, days after testing positive for coronavirus.
Manchester United owners showing interest to be a part of the Indian Premier League could be one of the reasons why BCCI extended the date for purchasing the Invitation to Tender (ITT) for the two new IPL teams.
The Zimbabwean great was working with Punjab Kings as assistant coach for the past two seasons.
Adani Wilmar's bid was approved by the committee of creditors of the bankruptcy-bound Ruchi Soya with about 96% votes in favour
The Congress on Thursday said former party chief Rahul Gandhi will file an appeal against a Gujarat court verdict holding him guilty in a 2019 criminal defamation case, and alleged that the government was after him for speaking the truth and bringing to light its 'misdeeds'.
The BCCI on Wednesday extended the deadline for purchasing the tender document for the new Indian Premier League teams by another 10 days till October 20.
IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm. The petition, to initiate insolvency proceedings against ZEEL, has been filed under section 7 of the Insolvency & Bankruptcy Code (IBC).
Virender Sehwag, Yuvraj Singh and Harbhajan Singh will be among a host of former stars in the India Maharaja team which will take part in the inaugural edition of the Legends League Cricket (LLC), starting on January 20 in Oman.
"They will come here by tonight and undergo the fitness test tomorrow morning," team manager Lalchand Rajput told newspersons at the Eden Gardens.
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