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Jet Airways' lenders move SC against NCLAT decision to uphold resolution plan

New Delhi, April 21 -- The lenders of Jet Airways, led by State Bank of India, have challenged a National Company Law Appellate Tribunal's (NCLAT) decision that upheld the resolution plan proposed by ... Read More


SpiceJet hit with new insolvency claims by three lessors over Rs.77 crore dues

New Delhi, April 18 -- Three lessors of budget airline SpiceJet - AWAS 36698 Ireland, AWAS 36694 Ireland, and AWAS 36695 Ireland - have moved the National Company Law Tribunal (NCLT) to initiate insol... Read More


Delhi HC intervenes for release of 73.59% Jindal India shares pledged with banks

New Delhi, April 16 -- The Delhi High Court on Tuesday intervened for release of 73.59% of Jindal India Thermal Power Ltd's shares pledged with a consortium of lenders led by Punjab National Bank. Th... Read More


Patanjali ads case: SC asks Ramdev, Balkrishna to issue public apology

NEW DELHI, April 16 -- The Supreme Court on Tuesday granted Patanjali Ayurved founders Baba Ramdev and managing director Acharya Balkrishna a week to tender a public apology in a case concerning misle... Read More


NCLT defers Jindal Poly Films case over fraud allegations in class action suit

New Delhi, April 9 -- The National Company Law Tribunal (NCLT) deferred the case on Tuesday regarding the class action suit initiated by minority shareholders of Jindal Poly Films Ltd. alleging fraudu... Read More


Go First gets lifeline as NCLT extends moratorium, again

New Delhi, April 8 -- In an attempt to revive bankrupt airline Go First, the National Company Law Tribunal (NCLT) on Monday approved another 60-day extension for its moratorium, aiming to give the air... Read More


SC directs collective hearing for online gaming GST cases

New Delhi, April 5 -- The Supreme Court has consolidated multiple pleas challenging the 28% GST on online gaming companies, ordering the transfer of 27 writ petitions to be heard together. During a h... Read More


NCLAT reserves order on IDBI, Axis Bank pleas against Zee-Sony merger

New Delhi, April 4 -- The National Company Law Appellate Tribunal (NCLAT) on Thursday reserved its order on pleas filed by IDBI Bank and Axis Bank challenging the Zee-Sony merger which has been called... Read More


Industry body withdraws case after IOCL cancels green-hydrogen tender

New Delhi, April 4 -- The Independent Green Hydrogen Producers Association withdrew its case against Indian Oil Corporation Ltd (IOCL) in the Delhi High Court on Thursday, after the state-owned compan... Read More


Axis Bank-Max Life deal: Delhi HC defers hearing in Swamy's plea to 24 April

NEW DELHI, April 3 -- The Delhi high court on Wednesday deferred hearing in a plea that sought to probe alleged fraudulent practices by Axis Bank in the sale and purchase of shares in Max Life Insuran... Read More