Latest Updates Around The World
NEW DELHI: The National Company Law Tribunal (NCLT) – Delhi has ordered the appointment of an independent expert committee to look into the grievances of the allottees of the Jaypee Infratech projects, now being developed by Suraksha Realty.The order was passed on February 12, 2026. The applications, filed by Ashwarya Sinha and Aditya Malhotra, advocates […]
NEW DELHI: The bankruptcy court has ordered admission of a Gurgaon-based real estate developer under the corporate insolvency resolution process (CIRP) in an application filed by IDBI Trusteeship Services after the company defaulted on its debts of around Rs 274 crore.The Chandigarh bench of the National Company Law Tribunal (NCLT) has also appointed Jayant Prakash […]
NEW DELHI: The Economic Offenses Wing (EOW) of Delhi Police has registered a case against Mumbai-based real estate firm Suraksha Group for allegedly misusing over Rs 230 crore funds of Jaypee Infratech Ltd (JIL) meant for construction of stalled flats of homebuyers.The ED, sources told PTI, may file a fresh FIR against the Suraksha Group […]
NEW DELHI: In a major relief to real estate firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has quashed the insolvency proceedings against the Tribunal and directed the NCLT to rehear the petition in view of the fresh status report filed with the Tribunal on the projects.A two-judge bench of the appellate court said […]
The NCLT has dismissed a bankruptcy proceeding against the Indian unit of telecom equipment maker ZTE filed by TVS Supply Chain Solutions after observing a pre-existing dispute between the parties. The debt claimed by TVS Supply Chain Solutions, a Chandigarh-based bench of the National Company Law Tribunal (NCLT), was disputed and reconciled since 2017, well […]
When the National Company Law Tribunal (NCLT) was founded in 2016 as the uniform assessment forum for company law, it was promised to be the promise of timely, specialized justice in a space that was long considered by fragmented forums and procedural drift. In the same year, the insolvency and bankruptcy code (IBC) positioned the […]
Mumbai: Indian Renewable Energy Development Agency has submitted an insolvency plea against troubled Genol -Engineering on Wednesday about a lack of RS 510 Crore, the Power Finer said in an exchange application.The application was submitted on the basis of section 7 of Theinsvalvency and bankruptcy code.Problems at Gensol unfolded after a Sebi -Sound in April […]
