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Tag: NCLT

Home » NCLT » Page 3

Current News
By PTIFebruary 7, 2019

RBI permits companies participating in insolvency process to tap ECB route

The Reserve Bank of India (RBI) has proposed to allow companies faced with insolvency proceedings, to tap funds through external commercial borrowings, to repay their debts. As per the existing guidelines, the proceeds of … READ FULL STORY

Current News
By PTIJanuary 31, 2019

NCLT admits insolvency plea against Emaar MGF Land, appoints resolution professional

Admitting the insolvency pleas of two home buyers against Emaar MGF Land, a two-member bench headed by National Company Law Tribunal (NCLT) president justice MM Kumar, has appointed Manoj Kumar Anand as the interim … READ FULL STORY

Current News
By PTIFebruary 1, 2019

FM asks public sector banks to increase lending to MSME, agriculture and housing sectors

Finance minister Piyush Goyal, on January 28, 2019, exhorted state-run banks to step up lending to micro, small and medium enterprises, agriculture and housing sectors and also assured these lenders of all kinds of … READ FULL STORY

Current News
By PTISeptember 8, 2022

Two non-bank lenders take Rashmi Housing to NCLT, for default on Rs 26-crore payment

Two non-bank lenders, Finance Advisors & Managers and Vista ITCL (formerly IL&FS Trust Company), have taken Mumbai-based developer Rashmi Housing to the National Company Law Tribunal (NCLT), for defaulting on a Rs 26.24-crore payment. … READ FULL STORY

Current News
By PTISeptember 7, 2018

SC allows Corporation Bank to move the NCLT, for claims against Amrapali Group

The Supreme Court, on September 6, 2018, allowed the Corporation Bank, which has led a consortium of banks to lend loans to the Amrapali Group, to move the National Company Law Tribunal (NCLT). A … READ FULL STORY

Current News
By PTIJuly 18, 2018

Banks oppose refund of Jaiprakash Associates’ money to home buyers

Banks and financial institutions (FIs), which have lent money to Jaiprakash Associates Limited (JAL), on July 17, 2018, urged the Supreme Court that the assets of holding firm JAL, should not be used for … READ FULL STORY

Current News
By PTISeptember 7, 2022

PNB appoints merchant bankers, for sale of stake in housing arm

State-run Punjab National Bank (PNB) and Carlyle Group, which owns over 32 per cent in PNB Housing Finance, have announced that they have appointed merchant bankers, to sell at least 51 per cent stake … READ FULL STORY

Current News
By PTIJuly 17, 2018

We will deposit Rs 600 crores, if allowed to dispose assets: Jaiprakash Associates to SC

A Supreme Court bench headed by chief justice Dipak Misra, was informed by senior advocate Fali S Nariman, on July 16, 2018 that Jaiprakash Associates Limited (JAL) has already deposited Rs 750 crores with … READ FULL STORY

Current News
By PTIJuly 5, 2018

SC reduces principal money amount for home buyers to Rs 600 crores, for Jaiprakash Associates

The Supreme Court, on July 4, 2018, suggested that realty firm Jaiprakash Associates Limited (JAL) should pay Rs 600 crores, instead of Rs 1,000 crores ordered earlier, to refund the principal amount to the … READ FULL STORY

Current News
By PTIJuly 4, 2018

Jaiprakash Associates moves SC, seeking approval of revival plan for Jaypee Infratech

Maintaining that it was ‘fully committed’ to construct homes and make payments to home buyers for the delay in handing over possession, Jaiprakash Associates Ltd (JAL) has also sought the constitution of a committee, … READ FULL STORY

Current News
By PTIJune 20, 2018

New IBC ordinance dilutes RERA’s powers: MahaRERA

Maharashtra’s real estate regulator MahaRERA chief Gautam Chatterjee, while welcoming the central government’s decision to empower home buyers by giving them the status of financial creditors under the bankruptcy law, however, added that the … READ FULL STORY

Current News
By PTIMay 17, 2018

SC asks Jaiprakash Associates to deposit Rs 1,000 crores by June 15, 2018

The Supreme Court, on May 16, 2018, ordered real estate firm Jaiprakash Associates Limited (JAL), to deposit an additional Rs 1,000 crores, by June 15, 2018, to refund money to the home buyers, if … READ FULL STORY

Current News
By PTIApril 16, 2018

SC asks Jaiprakash Associates to deposit Rs 100 crores by May 10, 2018

The Supreme Court, on April 16, 2018, directed realty firm Jaiprakash Associates Limited (JAL), to deposit Rs 100 crores with its registry, by May 10, 2018. The bench, headed by chief justice Dipak Misra, … READ FULL STORY

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