Page 23 - Nclt

NTPC plans to spend Rs 20,000 cr on 5,000-Mw ultra mega solar park in Kutch

Company has identified a few locations already, is also exploring spot sales of solar power without getting into PPAs

Amtek Auto heads for liquidation; NCLAT clears the way for the process

Amtek Auto's total debt stands at Rs 12,603 crore, liquidation value of assets nearly Rs 4,120 crore

Top 10 business headlines: Modi's economic plan, stimulus package & more

From SoftBank eyeing stake in Airtel's telecom biz and other assets to Anil Agarwal's expression of interest to revive Jet Airways, here are the top 10 business headlines for Monday

IL&FS proposes to NCLT sale of wind energy assets to Japan's ORIX

ORIX Corporation of Japan had expressed its intent to buy out the remaining 51 per cent stake held by IL&FS in those assets for Rs 4,800 crore

IL&FS proposes to NCLT sale of its wind energy biz to Japan's Orix

The proposal has been filed before the Tribunal after completing binding Share Purchase Agreement with ORIX and obtaining "in-principle" approval from all lenders for completing this transaction

Jet gets three EoIs, Etihad backs out; applicants to be named on Tuesday

Panama-based fund Avantulo Group is one of the three entities to have expressed an interest

NCLT rejects IL&FS Financial Services auditors' plea challenging 5-year ban

It will hear the arguments of the Ministry of Corporate Affairs (MCA) on banning the former auditors of IFIN on September 5

Govt asks NCLT to freeze assets of IL&FS arm's audit partners Deloitte, BSR

Audit firm partners named in SFIO complaint to be allowed withdrawal of Rs 1 lakh a month

Govt moves SC to make NCLT judges stick to deadline for resolving cases

In the latest amendments to the Insolvency and Bankruptcy Code (IBC), the government has made it mandatory for all corporate insolvency procedures, including litigation, to be wrapped up in 330 days

Identifying the SBOs: Why lifting corporate veil may not be easy

According to experts, there could be implementation challenges in the identification of an SBO, defining 'indirect shareholding' of an individual, and identifying 'majority stake'

Lenders unwilling to provide extra funds to grounded Jet Airways

Sources said the resolution professional had not got any bids for the airline so far

Allahabad Bank reports Q1 net profit of Rs 128 cr on good credit growth

The gross NPA of the bank, as a percentage of its total lending, stood at 17.43 per cent in the last quarter

Companies Act amended to include penal provisions for CSR norm violations

Under the Act, certain class of profitable companies are required to shell out at least two per cent of their three-year annual average net profit towards CSR activities

IBC Bill: Pressure on NCLT benches as 330-day deadline for resolution looms

Big IBC cases such as those of Amtek Auto, Bhushan Power & Steel, Era Infra Engineering, and Jaypee Infratech have gone well beyond the 270-day deadline set under the IBC

NCLAT stays NCLT order approving Dhanuka Lab's resolution plan for Orchid

The CoC had selected the proposal of Dhanuka Laboratories and gone ahead with the voting even as Accord Life Spec approached the NCLT against CoC's decision

The Jet Airways insolvency case brings to fore grey areas in aviation law

One of the issues is how long the airline can enjoy rights over its parking slots at airports

Jet headquarters' owner Luckystar moves NCLT to get possession

The airline has its registered office in Siroya Centre, located in Andheri suburb of Mumbai, which is worth Rs 150 crore

Can we pass an arrest order under insolvency law, NCLAT asks Centre

Section 74(3) of the IBC stipulates that officers of those companies who knowingly and wilfuly contravene the terms of the resolution plan should be sentenced to imprisonment

A killer judgment

India must guard against perverse bankruptcy judgments, such as the one on Essar Steel

A swift response

Govt has moved fast to address IBC problems