Image used for representation purpose only. The National Company Law Tribunal (NCLT), Chennai, on Monday (September 1, 2025) admitted Aban Offshore Ltd. for insolvency resolution, following a petition filed by Punjab National Bank. The order copy is awaited, Aban Offshore said in a filing to the stock exchange. Punjab National Bank, a financial creditor, had […]
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YSRCP president Jagan Mohan Reddy. | Photo Credit: The Hindu The NCLT Hyderabad bench on Tuesday (July 29, 2025) allowed a petition filed by former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy seeking a direction to cancel the “illegal transfer” of shares held by him and his wife Bharathi in Saraswati Power and Industries […]
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The National Company Law Tribunal (NCLT) admitted Gensol Engineering Ltd. and its arm Gensol EV Lease Ltd for insolvency resolution following separate petitions filed by Indian Renewable Energy Development Agency Ltd. (IREDA). However, NCLT appointed an alternative interim resolution professional (IRP) for both the companies, while rejecting the name proposed by IREDA. On May 14, State-run IREDA had filed an […]
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Reliance Infrastructure Ltd. (RInfra) on Wednesday (June 4, 2025) said National Company Law Appellate Tribunal (NCLAT) has suspended the insolvency proceedings ordered against the company. “The NCLAT in New Delhi today suspended the National Company Law Tribunal’s (NCLT) May 30 order, admitting the company into the corporate insolvency resolution process (CIRP),” the company said in a […]
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Photo: https://archive.nclt.gov.in/ The National Company Law Tribunal (NCLT), Mumbai has admitted insolvency plea against Reliance Infrastructure Ltd. filed by IDBI Trusteeship Services Ltd. Meanwhile, Reliance Infrastructure said it has made the payment and preferred an appeal before National Company Law Appellate Tribunal. In April 2022, IDBI Trusteeship had filed a petition for initiating corporate insolvency resolution […]
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View of the Vedanta office building in Mumbai. File | Photo Credit: Reuters The National Company Law Appellate Tribunal (NCLAT) on Thursday (May 29, 2025) granted an interim stay on the National Company Law Tribunal’s (NCLT) order rejecting part of Vedanta Ltd’s proposed demerger of its various businesses. The diversified natural resources conglomerate Vedanta Ltd. […]
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Union Finance Minister Nirmala Sitharaman being honoured by National Company Law Appellate Tribunal (NCLAT) chairman Ashok Bhushan during the inauguration of the renovated premises of Chennai Bench of NCLAT on Saturday. NCLAT Judicial Member M. Venugopal looks on. | Photo Credit: Special Arrangement The Centre has no hesitation whatsoever to go to the Parliament frequently […]
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