National Company Law Tribunal Nclt
Business  /  Published 01.06.22

McNally lenders claim Rs 5751cr

McNally Bharat Engineering Co Ltd, which is undergoing a corporate insolvency resolution process, has received claims worth Rs 5,750.95 crore from the financial creditors and lenders in the run-up to ...
By Sambit Saha in Calcutta

Business  /  Published 30.05.22

NTC faces insolvency

The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation (NTC) after admitting a plea by one of its operational creditors ...
By PTI in New Delhi

Business  /  Published 23.05.22

Amazon slams FRL directors

Amazon has accused the independent directors of Future Retail Ltd (FRL) of facilitating “fraudulent stratagem” to transfer 835 stores to the Reliance group. The e-commerce giant alleged t...
By Our Bureau in Mumbai

Business  /  Published 18.05.22

NCLT rejects Kanoria plea against audit

The Calcutta bench of the National Company Law Tribunal (NCLT) on Tuesday dismissed a plea filed by Srei founder Hemant Kanoria contesting a forensic audit conducted by KPMG, which had been appointed ...
By A Staff Reporter in Calcutta

News  /  Published 02.05.22

IIM Ahmedabad and IBBI host research conference on insolvency and bankruptcy

The two-day conference included three panel discussions that brought luminaries from government and industry, and legal practitioners and academicians under one roof ...
By Our Correspondent


Business  /  Published 24.04.22

RIL backs out of Future deal

Reliance Industries Ltd (RIL) has pulled the plug on its Rs 24,713 crore-deal with Kishore Biyani’s Future group to acquire its retail business — a prospect that loomed earlier this week a...
By Our Special Correspondent in Mumbai

Business  /  Published 23.04.22

Future lenders vote against Reliance deal

The secured creditors of Future Retail Ltd (FRL) have voted against the group’s plan to sell its retail and other assets to Reliance Retail, putting the Kishore Biyani-company's Rs 24,713-cr...
By Our Special Correspondent in Mumbai

Business  /  Published 14.04.22

FRL warned not to call meet

Amazon has warned Future Retail Ltd (FRL) against holding meetings of its shareholders and creditors next week to pass a resolution seeking to approve the sale of its retail assets to Reliance Retail ...
By Our Special Correspondent in Mumbai

Business  /  Published 02.03.22

Future Retail allowed to seek deal approval

Future group firms have received the green signal from the National Company Law Tribunal to convene the meetings of their shareholders and creditors to vote on Future’s Rs 24,713 crore deal with...
By Our Special Correspondent in Mumbai

Business  /  Published 20.02.22

Kalpataru-JMC merger

Kalpataru Power Transmission on Saturday announced a merger with JMC Projects (India) Ltd, which will create one of the largest engineering, procurement and construction (EPC) companies in the country...
By PTI  in New Delhi


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