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Mint Explainer: What the Subhash Chandra case means for personal guarantors

It has implications for Reliance ADA Group chairman Anil Ambani, Videocon chairman Venugopal Dhoot, and Bhushan Power and Steel promoter Sanjay Singal, who also face personal-insolvency proceedings in the NCLT.

India , Desai-diwanji , Vivek-infracon , Anil-ambani , Subhash-chandra , Sanjay-singal , Venugopal-dhoot , Dhiraj-mhetre , Durgesh-khanapurkar , Shruti-maniar , A-supreme-court , Supreme-court

IBC proceedings are time bound; belated claim by creditor cannot be considered: NCLAT

A coram of Chairperson Ashok Bhushan and technical member Arun Baroka observed in an April 19 order that a person who sleeps over their rights should not be given the indulgence of condonation of delay.

Delhi , India , Pooja-mehra , Committee-of-creditors-co , Procon-pvt-ltd , Dream-procon-pvt , Resolution-professional , National-company-law-appellate-tribunal , Nclat , Nclat-delhi , Insolvency-proceedings , Time-bound-claim

Home buyer loses ₹50 lakh claim because she missed a deadline

The NCLAT's decision highlights the significance of timely action for creditors involved in IBC proceedings.

Pooja-mehra , Arun-baroka , Ashok-bhushan , Committee-of-creditors-co , Procon-pvt-ltd , National-company-law-appellate-tribunal , Bankruptcy-code , Dream-procon-pvt-ltd , Those-who , Chairperson-ashok-bhushan , Homebuyer , Clt

Jet Airways lenders move Supreme Court against NCLAT order upholding Jalan-Kalrock Consortium resolution plan

Jet Airways lenders, led by the State Bank of India, have moved the Supreme Court challenging the NCLAT order upholding the resolution plan proposed by the Jalan-Kalrock Consortium.

Mumbai , Maharashtra , India , Ashish-chhawchharia , Jet-airways , Jalan-kalrock-consortium , Corporate-insolvency-resolution-process , Bankruptcy-code , State-bank , Kalrock-capital , Supreme-court , Supreme-court-news

CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT in Future case

CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT in Future case : Rashtra News #CCI #powers #order #abeyance #Amazon #tells #NCLAT #Future #case The e-commerce major made the submission before the National Company Law Appellate Tribunal (NCLAT), which is hearing its plea against the decision of the Competition Commission

Singapore , Delhi , India , Gopal-subramaniam , Singapore-international-arbitration-centre , Reliance-industries-ltd , Competition-commission-of-india , Coupons-pvt-ltd , Supreme-court , Competition-commission , Retail-ltd , National-company-law-appellate-tribunal

'Free of cost' copy of final order sent by NCLT registry is not certified copy: NCLAT

NCLAT said that the 'free of cost' copy of final order sent by NCLT registry in compliance with NCLT Rules is not a 'certified copy' of the order for the purpose of filing an appeal.

Nclt , Nclat , Nclat-chennai , Free-of-cost-order-copy , Certified-order-copy , Appeal-before-nclat , Nclt-rules , Rule-50-nclt-rules , Justicem-venugopal , Justice-sharad-kumar-sharma-nclat , Jatindranath-swain-nclat-chennai

Business News: NCLAT adjourns hearing on Amazon's interim plea to stay CCI's order till Feb 25

NCLAT adjourns hearing on Amazon’s interim plea to stay CCI’s order till Feb 25 : Rashtra News #NCLAT #adjourns #hearing #Amazons #interim #plea #stay #CCIs #order #Feb When the matter was called for hearing, a two-member bench expressed its difficulties to take up the matter on Monday, as one of the members is retiring in

India , Delhi , Singapore , Gopal-subramaniam , Mukul-rohatgi , Reliance-retail-ventures-ltd , Group-rs , Competition-commission-of-india , Retail-ltd , Delhi-high-court , Supreme-court , Coupons-pvt-ltd

parsvnath landmark: NCLAT rejects insolvency plea against Parsvnath Landmark Developers

The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea by four unit buyers of Parsvnath Landmark Developers to initiate insolvency proceedings against the subsidiary. The tribunal upheld the Principal bench's decision, which rejected the plea on technical grounds due to the small number of petitioners.

Delhi , India , Justice-ashok-bhushan , Parsvnath-landmark-developers , National-company-law-appellate-tribunal , Supreme-court , National-company-law-tribunal , Parsvnath-landmark , Bankruptcy-code , Decree-holder- , Chairperson-justice-ashok , Nclat

NCLAT upholds insolvency proceedings against Tulip Hotels over default of guarantees

On May 16, 2023, the Mumbai bench of National Company Law Tribunal (NCLT) had directed initiation of a Corporate Insolvency Resolution Process (CIRP) against Tulip Hotels over a plea filed by Yes Bank, claiming a default of Rs 900 crore for two corporate guarantees issued by it.

Mumbai , Maharashtra , India , Bank-to-cox-kings , National-company-law-appellate-tribunal , National-company-law-tribunal , Tulip-hotels , Corporate-guarantor-tulip-hotels , Yes-bank , Ezeego-one-travel , Corporate-insolvency-resolution-process

tulip hotels: NCLAT upholds insolvency proceedings against Tulip Hotels over default of guarantees

The National Company Law Appellate Tribunal (NCLAT) upheld insolvency proceedings against Tulip Hotels for defaulting on Rs 450 crore corporate guarantees given for Cox & Kings and EzeeGo One Travel & Tours. Yes Bank initiated the process over a plea for Rs 900 crore default.

Mumbai , Maharashtra , India , National-company-law-appellate-tribunal , National-company-law-tribunal , Corporate-guarantor-tulip-hotels , Tulip-hotels , Bank-to-cox-kings , Ezeego-one-travel , Corporate-insolvency-resolution-process , Yes-bank