Daily Headlinez Top News Updates
NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon’s former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,158 crore, as a personal guarantor of two group companies.Admitting a plea from State Bank of India (SBI), NCLT said Venugopal Dhoot has “committed defaults in repayment…
New Delhi: Chief executives of public sector banks have asked to personally monitor top 20 cases pending for admission and top 10 accounts pending for resolution at the NCLT. This was conveyed during a review meeting undertaken by the secretary, department of financial services (DFS), M Nagaraju. The meeting was attended by senior officials of…
The National Company Law Tribunal (NCLT) has approved the merger of Suzuki Motor Gujarat Pvt Ltd with its parent company, Maruti Suzuki India Ltd, marking a key consolidation move for the country’s largest carmaker.A two-member bench of the Principal Bench in New Delhi, comprising President Ramlingam Sudhakar and Member Ravindra Chaturvedi, sanctioned the scheme of…
AHMEDABAD: The Gujarat high court has said that judges yielding to intimidation or pressure from lawyers and recusing themselves from cases only fuels “browbeating, forum shopping, and attempts to influence the bench”. Justice Niral Mehta made the remark while quashing two recusals by Ahmedabad benches of National Company Law Tribunal (NCLT) and two subsequent transfer…
MUMBAI: The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta’s ambitious demerger proposal to Oct 8, as the ministry of petroleum and natural gas objected to the scheme, citing a lack of necessary disclosures. The Mumbai bench of NCLT also directed Vedanta and the ministry to file written submissions in five…
