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NCLAT stays order on MGM Healthcare s acquisition of Appu Hotels
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Can t ensure job for all existing staff, say new owners of Jet Airways- The New Indian Express
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NCLAT stays order of NCLT against Appu Hotels
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SEBI Disposes Adjudication Proceedings Against DHFL in DHFL Pramerica Life Insurance Share Transfer Case
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›Unlawful deals: Claims of Rs 1.6 lakh crore filed at NCLT by resolution professionals of companies gone bankrupt
Unlawful deals: Claims of Rs 1.6 lakh crore filed at NCLT by resolution professionals of companies gone bankrupt
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Unlawful deals: Claims of Rs 1.6 lakh crore filed at NCLT by resolution professionals of companies gone bankruptBy
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Synopsis
The list of companies whose RPs have filed such claims is said to include Aircel, Videocon, Reliance Communications, Jaypee Infratech, LancoInfratech, Bhushan Power and Steel, Bhushan Steel and Educomp Infra, among others.
Agencies
Resolution professionals (RPs) of 700 bankrupt companies have filed claims for recovery of Rs 1.6 lakh crore at the National Company Law Tribunal (NCLT) alleging ‘unlawful’ transactions entered into by the companies prior to their admission into Insolvency and Bankruptcy Code (IBC) proceedings, according to a government official.