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    Tag: insolvency case

    NCLT Initiates Personal Insolvency Proceedings Against Anil Ambani in SBI Debt Recovery Case
    NCLT Initiates Personal Insolvency Proceedings Against Anil Ambani in SBI Debt Recovery Case
    Other CourtsLatest news

    NCLT Initiates Personal Insolvency Proceedings Against Anil Ambani in SBI Debt Recovery Case

    The Mumbai Bench of the NCLT admitted SBI’s application seeking personal insolvency proceedings against Reliance Group Chairman Anil Ambani. The Tribunal appointed a Resolution Professional and directed issuance of a public notice inviting creditor claims, marking a major development in the insolvency process.

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    NCLAT Refuses Stay on Adani’s JAL Resolution Plan, Says Detailed Hearing Needed, Final Outcome Will Decide Implementation
    NCLAT Refuses Stay on Adani’s JAL Resolution Plan, Says Detailed Hearing Needed, Final Outcome Will Decide Implementation
    Other CourtsLatest news

    NCLAT Refuses Stay on Adani’s JAL Resolution Plan, Says Detailed Hearing Needed, Final Outcome Will Decide Implementation

    National Company Law Appellate Tribunal refused to stay resolution plan of Jaiprakash Associates Limited approved for Adani Enterprises, with bench led by Ashok Bhushan holding issues need detailed hearing, making implementation subject to final appeal outcome.

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    Byju’s Insolvency Row: Supreme Court Orders Status Quo, Issues Notice in CoC Dispute
    Byju’s Insolvency Row: Supreme Court Orders Status Quo, Issues Notice in CoC Dispute
    Supreme Court

    Byju’s Insolvency Row: Supreme Court Orders Status Quo, Issues Notice in CoC Dispute

    The Supreme Court of India issued notice and ordered status quo in the dispute arising from the National Company Law Appellate Tribunal ruling on the Committee of Creditors of Think and Learn Private Limited (Byju’s).

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    Telecom Firms Cannot Use IBC Moratorium for Spectrum Dues to Department of Telecommunications: : Supreme Court
    Telecom Firms Cannot Use IBC Moratorium for Spectrum Dues to Department of Telecommunications: : Supreme Court
    Supreme Court

    Telecom Firms Cannot Use IBC Moratorium for Spectrum Dues to Department of Telecommunications: Supreme Court

    The Supreme Court of India ruled that telecom companies cannot defer spectrum and licence dues to the Department of Telecommunications, rejecting spectrum as assets. A bench of P. S. Narasimha and Alok Aradhe stressed good, and telecom dues recovery.

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    Online Gaming Ban Fallout? Paytm Drags WinZO to NCLT Over Rs 3.6 Crore Unpaid Advertising Dues
    Online Gaming Ban Fallout? Paytm Drags WinZO to NCLT Over Rs 3.6 Crore Unpaid Advertising Dues
    Other CourtsLatest news

    Online Gaming Ban Fallout? Paytm Drags WinZO to NCLT Over Rs 3.6 Crore Unpaid Advertising Dues

    Paytm has filed an insolvency plea against online gaming platform WinZO before the NCLT, alleging non-payment of Rs 3.6 crore for ad services. WinZO claims the invoices were “not validated,” while Paytm calls it a “sham defence.”

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    Supreme Court Orders Probe Into Alleged Attempt to Sway NCLAT Judge: “Anguished!! Higher Judiciary Tried to Influence”
    Supreme Court Orders Probe Into Alleged Attempt to Sway NCLAT Judge: “Anguished!! Higher Judiciary Tried to Influence”
    Supreme CourtHeadlines

    Supreme Court Orders Probe Into Alleged Attempt to Sway NCLAT Judge: “Anguished!! Higher Judiciary Tried to Influence”

    The Supreme Court expressed anguish after an NCLAT judge revealed that a revered higher judiciary member allegedly sought a favourable order. Directing a probe, the Court stressed that such influence threatens judicial independence, fairness, and integrity of legal proceedings.

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    Supreme Court Dismisses Pleas Against NCLAT Order in BCCI–Byju’s Insolvency Withdrawal Case
    Supreme Court Dismisses Pleas Against NCLAT Order in BCCI–Byju’s Insolvency Withdrawal Case
    Supreme CourtLegal updates

    Supreme Court Dismisses Pleas Against NCLAT Order in BCCI–Byju’s Insolvency Withdrawal Case

    Supreme Court rejects BCCI and Riju Raveendran’s challenge to NCLAT ruling on Byju’s insolvency case. KK Venugopal slams the dismissal mid-argument as “arbitrary.”

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