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Government has invited comments on various amendments proposed to the insolvency law, like time period for approval of resolution plans

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NCLAT stays NCLT order on DHFL May 25, 2021 Committee of Creditors of DHFL, Administrator had filed separate applications challenging the NCLT order In a relief to the ongoing resolution process of Dewan Housing Finance Corporation Ltd, the National Company Law Appellate Tribunal (NCLAT) has stayed an order by the National Company Law Tribunal (NCLT), which had directed the lenders to consider the offer made by Kapil Wadhawan. The NCLAT heard the plea by the Committee of Creditors of DHFL challenging the May 19 order of NCLT on Tuesday. Both the Committee of Creditors of DHFL as well as the ...

The National Company Law Appellate Tribunal (NCLAT) on Monday directed the Ahmedabad bench of NCLT to decide within a week whether to admit or reject an insolvency plea filed against Sintex Industries by Punjab National Bank.

Jindal Steel, Russian team inspect Anil Ambani’s Gujarat shipyard that’s up for sale Russia is eyeing the shipyard to buttress its pitch for building six new conventional submarines under Project 75 India, while Jindals see it as a captive client of its own. Snehesh Alex Philip 4 March, 2021 2:22 pm IST Text Size: A+ New Delhi: Industrialist Navin Jindal’s Jindal Steel and Power Limited and Russian government-owned United Shipbuilding Corporation have carried out an inspection of the Anil Ambani Group’s Reliance Naval and Engineering Limi...