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NCLT approves Chemhub's resolution plan for Pancard Clubs

Chemhub Tradelink's plan for Pancard Clubs, approved by NCLT, involves Rs 8,900 crore debt claims with 8% recovery for creditors. The resolution process included bidders like Ashdan Properties and Vijay K. Oswal, with oversight from Deloitte and representation by Nausher Kohli.

India , Nausher-kohli , Rajesh-sureshchandra-sheth , Chemhub-tradelink , Madan-vaishnava , Vijayk-oswal , Ashdan-properties , Deloitte , National-company-law-tribunal , Pancard-clubs , Sureshchandra-sheth , Corporate-insolvency-resolution-process

NCLT admits insolvency plea against two Essel Group companies on Indiabulls Housing plea

The Mumbai bench of the National Company Law Tribunal (NCLT), in applications filed by Indiabulls Housing Finance Ltd, also appointed Ravi Prakash Ganti as interim resolution professional (IRP) for these companies.

Lucknow , Uttar-pradesh , India , Mumbai , Maharashtra , Ravi-prakash-ganti , Charanjeet-singh-gulati , Genex-realtech , Gnex-realtech , Nausher-kohli , Lakshmi-gurung , Vinita-melvin

Bankruptcy court admits Punjab National Bank's insolvency resolution plea against Arshiya

Punjab National Bank's CIRP plea against Arshiya Ltd has been approved by Mumbai NCLT, with Nitin Vishwanath Panchal being appointed as RP. Officers have been asked to provide findings within a week.

Uttar-pradesh , India , Mumbai , Maharashtra , Khurja , Saji-kumar , Nitin-vishwanath-panchal , Sanjiv-dutt , Nausher-kohli , National-company-law-tribunal , Punjab-national-bank , Arshiya-ltd

NCLT admits Yashraj Containeurs' voluntary insolvency resolution application

Yashraj Containeurs Ltd has been admitted for voluntary corporate insolvency resolution. Manish Motilal Jaju is appointed as the interim resolution professional. The management will vest in the IRP/RP. The suspended directors and employees must provide all documents and information. Bank of India has no objection to the application.

India , Mumbai , Maharashtra , Kishore-vemulapalli , Jagmohan-singh , Manish-motilal-jaju , Yashraj-containeurs , Nausher-kohli , Aircel-ltd , Ricoh-india-ltd , Yashraj-containeurs-ltd , National-company-law-tribunal

Dispute Can't Be Referred To Arbitration By One Partner Of The Firm In Absence Of The Others: Bombay High Court

The High Court of Bombay has held that a dispute related to the business of the firm cannot be referred to arbitration by a partner in absence of other partners. The bench of Justice Manish Pitale...

Shailesh-ranka , Shruti-maniar , Rima-desai , Sannaya-gandhy , Nausher-kohli , Aniket-worlikar , Rudra-deosthali , Justice-manish-pitale , Parinam-law-associates , Fraunhofer-institute-for-ceramic-technologies , Systems-fraunhofer-institute , Windsor-machines

NCLT admits plea to initiate insolvency against Sahara Group entity Sahara Q Shop

The Sahara Group company had entered into a service agreement with the Sigma Supply Chain Solution for handling, storage, maintenance, administration, distribution and arrangement of goods from the Sahara Q Shop at different places across the country.

Mumbai , Maharashtra , India , Subrata-roy , Sandeep-bajaj , Nausher-kohli , Jagmohan-singh , Kishore-vemulapalli , Sigma-supply-chain-solution-pvt-ltd , National-company-law-tribunal , Sahara-group , Sahara-india-pariwar

Television Home Shopping Network.: NCLT approves resolution plan for Television Home Shopping Network

The National Company Law Tribunal (NCLT) has approved a joint proposal by luggage manufacturer Goblin India and financial services firm Khandwala Finstock for the acquisition of bankrupt Television Home Shopping Network. The proposal includes a merger or reverse merger of Khandwala Finstock with the company that operates TV home shopping channels.

India , Mumbai , Maharashtra , Khandwala-finstock , Nausher-kohli , Darshan-patel , Home-shopping-network , Siti-networks , Television-home-shopping-network , National-company-law-tribunal , Goblin-india , Television-home-shopping

NCLT gives nod to acquisition proposal for Television Home Shopping Network: Reports: Best Media Info

NCLT gives nod to acquisition proposal for Television Home Shopping Network: Reports: Best Media Info
bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.

India , Nausher-kohli , Khandwala-finstock , Darshan-patel , Television-home-shopping-network , Bestmediainfo-bureau , National-company-law-tribunal , Bestmediainfo-bureau-delhi , Siti-networks , Home-shopping-network , Mediainfo-bureau-delhi , Goblin-india

Simpl: National Company Law Tribunal dismisses fintech firm Simpl co-founder's plea

The NCLT has dismissed an application filed by Simpl's co-founder, Nityanand Sharma, seeking the dismissal of an Oppression and Mismanagement petition filed by another co-founder, Chaitra Gowdar Chidanand. Chidanand had sought the tribunal's intervention to declare a resolution passed by the company as null and void, alleging that her shareholding had been deliberately diluted.

United-states , Mumbai , Maharashtra , India , Nausher-kohli , Prabhat-kumar , Sushmita-gandhi , Shyam-kapadia , Kishore-vemulapalli , Nityanand-sharma , Chaitra-gowdar-chidanand , National-company-law-tribunal

NCLT dismisses Simpl co-founder's plea

Chidanand's petition raises contractual disputes, not oppression or mismanagement

Delaware , United-states , Kishore-vemulapalli , Amol-jhunjhunwala , Nausher-kohli , Prabhat-kumar , Sushmita-gandhi , Sanaya-patel , Khaitan-co , Justices-kishore-vemulapalli , Companies-act , Get-simple-technologies