NCLAT quashes insolvency proceedings against Dream 11 parent company. Company News

NCLAT quashes insolvency proceedings against Dream 11 parent company.  Company News

read 2 minutes Last update: 19 April 2024 | 8:48 pm First The National Company Law Appellate Tribunal (NCLAT) quashed the insolvency proceedings against the parent company of fantasy gaming platform Dream 11 for default of Rs 7.61 crore. NCLAT Chairman Justice Ashok Bhushan and Member (Technical) Barun Mitra said that the application for insolvency […]

Experts say efforts underway to develop cross-border insolvency framework News

Experts say efforts underway to develop cross-border insolvency framework News

Ashok Haldia, Chairman, IIIPI, said that IIIPI is actively engaged in capacity building and policy advocacy on various aspects of the insolvency profession. file image read 2 minutes Last update: 14 April 2024 | 7:15 am First According to experts, efforts are underway to develop a cross-border bankruptcy framework with a cautious approach and such […]

NCLAT stays bankruptcy proceedings against Deccan Charters till April 26 Company News

NCLAT stays bankruptcy proceedings against Deccan Charters till April 26 Company News

Deccan Charters repaid some amount which was adjusted towards interest earned Photo: Wikipedia read 2 minutes Last update: 12 April 2024 | 2:39 pm First The National Company Law Appellate Tribunal (NCLAT) has stayed the insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, the next date of hearing. Earlier, the Bengaluru […]

NCLAT rejects bankruptcy petition against Parshvanath Landmark Developers. Company News

NCLAT rejects bankruptcy petition against Parshvanath Landmark Developers.  Company News

Photo: Pexels (symbolic image) read 3 minutes Last update: 11 April 2024 | 11:05 am First The National Company Law Appellate Tribunal (NCLAT) has rejected the plea filed by four unit buyers of Parsvanath Landmark Developers to initiate insolvency proceedings against its subsidiary Parsvanath Landmark Developers. The appellate tribunal upheld the orders of the principal […]

NCLAT asks Dream 11’s IRP to refrain from taking steps for bankruptcy. Company News

NCLAT asks Dream 11’s IRP to refrain from taking steps for bankruptcy.  Company News

The National Company Law Appellate Tribunal has directed the interim resolution professional of Sporta Technologies, which operates fantasy sports platform Dream11, not to take any steps towards insolvency and keep the company as a going concern. The appellate tribunal said it has already stayed the corporate insolvency resolution process (CIRP) of the company. NCLAT said […]

NCLAT rejects home buyers’ bankruptcy plea against Ansal Hi-Tech Township. Company News

NCLAT rejects home buyers’ bankruptcy plea against Ansal Hi-Tech Township.  Company News

Ansal Hi-Tech Township has registered three agreements with the petitioners – Plot Allotment Agreement, Builtup Unit Allotment Agreement, and Apartment Allotment Agreement. The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed a plea seeking insolvency proceedings against Ansal Hi-Tech Township Ltd filed by home buyers of a project in Greater Noida. The appellate tribunal […]