Tag: NCLT

Insolvency Proceedings against Embassy quashed

Earlier, the National Company Law Tribunal, New Delhi in an order dated 9 December had directed insolvency proceedings against the company. The Corporate Insolvency Resolution...

Renault India to go for business rejig

The proposed realignment is aimed at creating clearer and more focused operating structures. It envisages the powertrain manufacturing activity being organised as a dedicated...

NCLAT rejects IRDAI stand on merger of Shriram insurance arms

This became a bone of contention when various Benches of the National Company Law Tribunal (NCLT) approved the proposals to merge Shriram GI Holdings...

NCLT clears process for merger of TVS Investments with TVS Electronics 

TVSIPL was incorporated on August 31, 2018, as a private limited company under the name Geeyes Family Holdings Private Limited. The name was changed to...

Mighty resolutions, measly recoveries

Banks have got accustomed to swallowing the bitter pill in bad loan cases. With every other IBC resolution popping out of the NCLT, the...

Meridien to MGM

An iconic hotel to turn into a multi-speciality hospital HAIRCUTS & TONSURES   Guindy seems to be twice blessed: With plans to set up a multi-speciality government...

NCLT nods for revival of Jet Airways

Not haircuts, near tonsures.. With the latest resolution announced on Jet airways with a payout of Rs 1200 crore over 10 odd years to square...

New mofussil bus stand at Madhavaram

Buses plying to Andhra Pradesh and further north have now been moved to the newly opened satellite bus terminus at Madhavaram. Construction of the...

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