National Company Law Tribunal: News
20 Jan 2025
Go FirstNCLT orders liquidation of Go First airline: Here's what happened
The National Company Law Tribunal (NCLT) has ordered the liquidation of low-cost airline Go First.
13 Jan 2025
ZeptoIPO-bound Zepto gets approval to shift domicile back to India
The National Company Law Tribunal (NCLT) has approved the merger of Kiranakart Technologies, the parent company of quick commerce platform Zepto, with its Singapore-based counterpart Kiranakart Pte Ltd.
04 Jan 2025
Initial Public Offering (IPO)Blinkit-rival Zepto plans to file for IPO in Q1 2025
Zepto, a leading player in the quick-commerce space, is gearing up to file for an Initial Public Offering (IPO) in March or April this year, as per The Economic Times.
30 Oct 2024
Andhra Pradesh'Injustice done': Jagan's mother backs Sharmila in sibling's inheritance dispute
The ongoing inheritance dispute between YSR Congress chief YS Jagan Mohan Reddy and his sister, Congress leader YS Sharmila, has taken a new turn with their mother, YS Vijayamma, publicly supporting Sharmila.
23 Oct 2024
Andhra PradeshSibling rivalry: Jagan accuses Sharmila of illegally transferring company shares
Former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has moved a legal petition against his sister, YS Sharmila, and their mother, YS Vijayamma over the alleged unauthorized share transfers in Saraswati Power and Industries Private Limited.
14 Oct 2024
Indian GovernmentModi government mulls ₹8,000cr infusion to revive debt-ridden MTNL: Report
The Indian government is mulling a financial revival plan for Mahanagar Telephone Nigam Ltd (MTNL), as per CNBC-TV18.
27 Aug 2024
ZeeZee Entertainment terminates $10 billion deal with Sony India
Zee Entertainment has announced a settlement agreement with Culver Max Entertainment Private Limited (CMEPL), formerly known as Sony India, and Bangla Entertainment Private Limited (BEPL).
20 Aug 2024
BYJU'SSC to hear BYJU'S insolvency case on August 22
The Supreme Court has dismissed a plea from BYJU'S, aimed at preventing the formation of a creditors' committee.
19 Aug 2024
SingaporePine Labs gets NCLT approval to relocate to India
Pine Labs, a leading payments company, has received approval from the National Company Law Tribunal (NCLT) to merge its Indian and Singaporean entities.
19 Aug 2024
Securities and Exchange Board of IndiaSEBI classifies dues worth ₹76,293cr as 'difficult to recover'
The Securities and Exchange Board of India (SEBI) has classified dues worth ₹76,293 crore as "difficult to recover" (DTR) at the end of March 2024.
14 Aug 2024
BusinessCoffee Day gets reprieve as NCLAT halts insolvency for now
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has temporarily halted corporate insolvency resolution proceedings against Coffee Day Enterprises.
10 Aug 2024
Cafe Coffee DayNCLT initiates insolvency proceedings against Coffee Day Enterprises
The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of the Coffee Day Group.
26 Jul 2024
BusinessDunzo, backed by Reliance and Google, faces another insolvency case
E-commerce delivery firm Dunzo, backed by heavy weights such as Reliance and Google, is once again grappling with insolvency proceedings.
16 Jul 2024
Board of Control for Cricket in India (BCCI)Amid insolvency proceedings, BYJU'S seeks out-of-court settlement with BCCI
Edtech giant BYJU'S, recently admitted to insolvency proceedings, is reportedly planning an out-of-court settlement with the Board of Control for Cricket in India (BCCI), as per Moneycontrol.
16 Jul 2024
BCCIBYJU'S vs BCCI: NCLT approves insolvency proceedings against edtech giant
The National Company Law Tribunal (NCLT) has admitted Think and Learn, the parent company of ed-tech firm BYJU'S, to the insolvency resolution process.
06 Jul 2024
BYJU'SPay our ₹2.3cr dues or shut shop: Ex-staff to BYJU'S
Over 60 former employees of edtech firm BYJU'S, have threatened to initiate insolvency and bankruptcy proceedings against the company, over unpaid salaries.
02 Jul 2024
BengaluruKarnataka HC overturns NCLT's stay on BYJU'S second rights issue
The Karnataka High Court has overturned a previous order by the National Company Law Tribunal (NCLT) that had barred edtech firm BYJU'S from initiating a second rights issue.
27 Jun 2024
BYJU'SOPPO claims BYJU'S owes ₹13 crore for app pre-installation
Chinese mobile phone manufacturer OPPO has accused edtech firm BYJU'S of owing it ₹13 crore.
24 Jun 2024
BYJU'SProsus writes off investment in BYJU'S, records $493 million loss
Tech investment firm Prosus has written off its 9.6% stake in BYJU'S, resulting in a loss of $493 million, as per its FY24 annual report.
23 Jun 2024
BYJU'SBYJU'S challenges NCLT order barring second rights issue
Ed tech giant BYJU'S has filed a writ petition in the Karnataka High Court, contesting an order from the National Company Law Tribunal (NCLT) that hinders its second rights issue.
20 Jun 2024
Enforcement Directorate (ED)ED raids Amtek Group over ₹20,000 crore bank fraud case
The Enforcement Directorate (ED) today conducted raids at 35 locations across Delhi-NCR, Mumbai, and Nagpur.
12 Jun 2024
Go FirstNCLT grants Go First final 60-day extension for insolvency resolution
The National Company Law Tribunal (NCLT) has granted a final 60-day extension to Go First, the financially troubled airline, to conclude its corporate insolvency resolution process (CIRP).
29 May 2024
Competition Commission of IndiaITC gets CCI nod for hotel business demerger
The Competition Commission of India (CCI) has given its approval for the demerger of ITC's hotel business into a separate entity.
22 May 2024
BYJU'SNCLT serves 3 notices to BYJU'S over unpaid dues
The National Company Law Tribunal (NCLT) has issued three notices to Think and Learn Pvt Ltd, the parent company of edtech giant BYJU'S, over unsettled debts owed to operational creditors.
02 May 2024
OPPONCLT issues notice in BYJU'S insolvency case initiated by OPPO
The National Company Law Tribunal (NCLT) in Bengaluru has issued a notice regarding an insolvency plea against ed-tech giant BYJU'S, initiated by mobile phone manufacturer OPPO.
15 Apr 2024
SonyNCLAT to hear Zee-Sony merger disputes on May 17
The National Company Law Appellate Tribunal (NCLAT) has scheduled a hearing for the disputes surrounding the Zee-Sony merger on May 17.
09 Apr 2024
BYJU'SAfter two months delay, BYJU'S commences salary payout for March
Beleaguered edtech firm BYJU'S has initiated the process of disbursing delayed salaries for March.
08 Apr 2024
Ajay SinghGo First given another 60-day extension to complete insolvency process
The National Company Law Tribunal (NCLT) has granted another 60-day extension to the struggling airline, Go First, for its insolvency proceedings.
02 Apr 2024
BYJU'SBYJU'S fires employees via calls in new wave of layoffs
BYJU'S, a prominent edtech firm, has initiated a new round of layoffs affecting an estimated 100 to 500 employees, primarily in the sales department, as reported by Moneycontrol.
29 Mar 2024
BYJU'SBYJU'S invites dissenting shareholders to participate in rights issue
BYJU'S, the edtech company currently facing challenges, has extended an invitation to its dissenting shareholders to participate in a rights issue within the next 72 hours.
27 Feb 2024
BYJU'SNCLT hearing: Why BYJU'S investors are against rights issue
Today, a showdown unfolded at the National Company Law Tribunal (NCLT) in Bengaluru between four investors of ed-tech giant BYJU'S and the company's board of directors.
13 Feb 2024
Go FirstGo First insolvency: NCLT grants 60-day extension for resolution
Go First has been granted an additional 60 days by the National Company Law Tribunal (NCLT) to wrap up its corporate insolvency resolution process (CIRP).
30 Jan 2024
ZeeSony-Zee merger: NCLT asks Sony to respond in 3 weeks
Mad Man Film Ventures, a Zee shareholder, has filed a plea with the National Company Law Tribunal (NCLT) to intervene and rescue the failed deal between Sony and Zee.
30 Jan 2024
SpiceJetSpiceJet shares jump over 4% after NCLT dismisses insolvency bid
SpiceJet's shares soared over 4% in early trade today, hitting a two-week high after the National Company Law Tribunal (NCLT) dismissed an insolvency petition against the budget airline.
22 Dec 2023
Board of Control for Cricket in India (BCCI)NCLT to hear BCCI vs BYJU'S case on January 17
The National Company Law Tribunal (NCLT) in Bengaluru has set a hearing for January 17 in the high-profile case between the Board of Control for Cricket in India (BCCI) and edtech giant BYJU'S.
04 Dec 2023
SpiceJetNCLT dismisses insolvency plea against SpiceJet
On December 4, the National Company Law Tribunal (NCLT) rejected a request to begin insolvency proceedings against budget airline SpiceJet.
11 Sep 2023
IndiaCoffee Day Enterprises shares plummet 15% amid default allegations
Coffee Day Enterprises stocks dropped 15% today (September 11), after IDBI Trusteeship Services registered a default application against the company with the National Company Law Tribunal (NCLT).
08 Sep 2023
Cafe Coffee DayCafe Coffee Day faces bankruptcy proceedings under IBC Section 7
Cafe Coffee Day (CCD), a popular coffee chain in India, is facing bankruptcy proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC).
06 Sep 2023
SpiceJetSpiceJet issues shares to clear dues worth Rs. 231 crore
In an effort to settle outstanding dues valued at Rs. 231 crore, SpiceJet has announced plans to offer 48.1 million equity shares to nine of its aircraft lessors.
31 Aug 2023
ZeeNCLAT accepts IDBI Bank's insolvency plea against ZEEL
The National Company Law Appellate Tribunal (NCLAT) has admitted IDBI Bank's plea to start insolvency proceedings against Zee Entertainment Enterprises Limited (ZEEL).
10 Aug 2023
ZeeNCLT approves Zee-Sony merger; Zee stock gains 18%
The National Company Law Tribunal (NCLT) has given the green light for the merger of Zee Entertainment Enterprises Ltd. and Sony Pictures (Culver Max Entertainment).
