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Byju's Clears March Salary Of Employees After CEO Takes Personal Debt: Report
Ahead of the National Company Law Tribunal (NCLT) hearing on Tuesday, Edtech company Byju's has paid partial salaries to employees for March. Sources told ANI that Byju's founder and CEO Raveendran has raised debt in personal capacity to pay part of
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Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
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Vijay Mallya Hasn't Deposited Money With Tribunal, Supreme Court Is Told
The recovery officer of a Debt Recovery Tribunal has told the Supreme Court that neither Vijay Mallya, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.
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IL&FS New Board To Give Rs 16,361 Crore To Creditors
National Company Law Appellate Tribunal has directed the new board of debt-ridden IL&FS Group to distribute Rs 16,361 crore to creditors
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Delhi: Parents Request CM Arvind Kejriwal To Bail Out Set To Be Auctioned Raisina Bengali School
The school had taken a loan of Rs 2 crore from the United Bank of India and after failing to repay the money, the principal and interest now stand at Rs 8 crore. The Debt Recovery Tribunal has ordered that the school will go under the hammer on January 14
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High Courts Told To Take Up Debt Recovery Cases In View Of Vacancies
The Supreme Court on Thursday asked high courts to entertain applications that are filed before the Debts Recovery Tribunal (DRT) and the Debts Recovery Appellate Tribunal (DRAT) in view of non-filling of vacancies.
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United Breweries Shares Worth Over Rs 5,800 Crore Sold In Vijay Mallya Case
The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Ma
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RBI Sends Dewan Housing To Tribunal For Debt Resolution
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
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IL&FS Seeks Tribunal Approval For Sale Of Wind Energy Arm
IL&FS had already received approval earlier last month for the sale of its wind energy business from Justice (Retired) DK Jain, appointed by the National Company Law Appellate Tribunal (NCLAT) to supervise the operation of the debt resolution process of the IL&FS group companies.
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Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest
The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
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Two Operational Creditors Take Jet Airways To Company Law Tribunal
The development comes at a time when banks are looking to resolve the once premier airline's debt issues outside the insolvency process
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Tribunal Allows Banks To Declare IL&FS Loan As Non-Performing Asset: Report
The next hearing on the matter is scheduled for May 21.
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Jet Lenders To Approach Debt Recovery Tribunal If Stake Sale Process Fails: Report
Approaching the DRT, as a last option is a major departure from the earlier speculation that the airline will be taken to the NCLT
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Bankruptcy Court Clears ArcelorMittal's Takeover Of Essar Steel
ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan's Nippon Steel & Sumitomo Metal Corp, paving the way for the first major foreign participation in India's steel sector.
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Reliance Communications Moves Appellate Court to Withdraw Ericsson Appeal
RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal (NCLT), the country's court that deals with bankruptcy cases.
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Byju's Clears March Salary Of Employees After CEO Takes Personal Debt: Report
Ahead of the National Company Law Tribunal (NCLT) hearing on Tuesday, Edtech company Byju's has paid partial salaries to employees for March. Sources told ANI that Byju's founder and CEO Raveendran has raised debt in personal capacity to pay part of
-
Go First Gets Insolvency Cover, Lessors' Efforts To Repossess Aircraft Hit
In a major relief for the struggling budget airline Go First, the National Company Law Tribunal (NCLT) today admitted its voluntary plea to initiate an insolvency resolution process, which is aimed at restructuring debt and liabilities.
-
Vijay Mallya Hasn't Deposited Money With Tribunal, Supreme Court Is Told
The recovery officer of a Debt Recovery Tribunal has told the Supreme Court that neither Vijay Mallya, nor any other beneficiary of the transfer of funds case, have deposited any amount with the tribunal till August 18.
-
IL&FS New Board To Give Rs 16,361 Crore To Creditors
National Company Law Appellate Tribunal has directed the new board of debt-ridden IL&FS Group to distribute Rs 16,361 crore to creditors
-
Delhi: Parents Request CM Arvind Kejriwal To Bail Out Set To Be Auctioned Raisina Bengali School
The school had taken a loan of Rs 2 crore from the United Bank of India and after failing to repay the money, the principal and interest now stand at Rs 8 crore. The Debt Recovery Tribunal has ordered that the school will go under the hammer on January 14
-
High Courts Told To Take Up Debt Recovery Cases In View Of Vacancies
The Supreme Court on Thursday asked high courts to entertain applications that are filed before the Debts Recovery Tribunal (DRT) and the Debts Recovery Appellate Tribunal (DRAT) in view of non-filling of vacancies.
-
United Breweries Shares Worth Over Rs 5,800 Crore Sold In Vijay Mallya Case
The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Ma
-
RBI Sends Dewan Housing To Tribunal For Debt Resolution
Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter.
-
IL&FS Seeks Tribunal Approval For Sale Of Wind Energy Arm
IL&FS had already received approval earlier last month for the sale of its wind energy business from Justice (Retired) DK Jain, appointed by the National Company Law Appellate Tribunal (NCLAT) to supervise the operation of the debt resolution process of the IL&FS group companies.
-
Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest
The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
-
Two Operational Creditors Take Jet Airways To Company Law Tribunal
The development comes at a time when banks are looking to resolve the once premier airline's debt issues outside the insolvency process
-
Tribunal Allows Banks To Declare IL&FS Loan As Non-Performing Asset: Report
The next hearing on the matter is scheduled for May 21.
-
Jet Lenders To Approach Debt Recovery Tribunal If Stake Sale Process Fails: Report
Approaching the DRT, as a last option is a major departure from the earlier speculation that the airline will be taken to the NCLT
-
Bankruptcy Court Clears ArcelorMittal's Takeover Of Essar Steel
ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan's Nippon Steel & Sumitomo Metal Corp, paving the way for the first major foreign participation in India's steel sector.
-
Reliance Communications Moves Appellate Court to Withdraw Ericsson Appeal
RCom said on Friday it will seek fast-track resolution of its debt through the National Company Law Tribunal (NCLT), the country's court that deals with bankruptcy cases.
