DDA admits to committing contempt in SC, seeks to plant 70k trees, ET LegalWorld
Delhi Development Authority (DDA) on Tuesday admitted before the Supreme Court that it had committed contempt by allowing felling of over 600 trees in the Ridge area in south Delhi to broaden a road leading to a hospital and promised to plant 70,000 trees over 185 acres in the city to get the proceedings against […]
NCLAT admits Meta, Whatsapp pleas against CCI’s Rs 213-cr penalty over abuse of dominance, ET LegalWorld
Appellate tribunal NCLAT on Thursday admitted the petitions filed by Meta Platforms and Whatsapp against an order passed by fair trade regulator CCI which imposed a penalty of Rs 213.14 crore for abuse of market dominance. After hearing the initial submissions from Meta and CCI (Competition Commission of India), a two-member bench of the National […]
Bankruptcy Court admits Oban Fashions under insolvency resolution, ET LegalWorld
The bankruptcy court in Mumbai has admitted Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed by its operational creditor Sunrise Knitting Mills Pvt Ltd. The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the company […]
NCLT admits Insolvency plea against Solapur Tollways, ET LegalWorld
Highlights The National Company Law Tribunal in Kolkata has admitted an insolvency petition filed by Union Bank of India against Solapur Tollways Private Limited under the Insolvency and Bankruptcy Code, 2016. The insolvency claim amounts to ₹ 195,55,15,022/-, which includes a principal default amount of ₹ 184,23,36,839/- and an interest default amount of ₹ 11,31,78,183/-. […]
NCLT admits Digital Ventures into Insolvency following Axis Bank plea, ET LegalWorld
The National Company Law Tribunal (NCLT), Mumbai Bench has pronounced an order on November 19, 2024, for admission of Digital Ventures Private Limited (Wholly Owned Subsidiary of Zee Learn Limited) in Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), on an application filed by Axis Bank Limited. […]
SC admits appeal by Dept of State Tax in Siddheshwar Industries insolvency case, ET LegalWorld
The Supreme Court on Monday admitted an appeal by the Department of State Tax seeking to be treated as a secured creditor in a case related to the corporate insolvency resolution process of debt-ridden Siddheshwar Industries. The department said that tax laws override the Insolvency and Bankruptcy Code 2016, a stand that was rejected by […]
Bankruptcy court admits insolvency resolution plea against four Future Group affiliates, ET LegalWorld
The bankruptcy court has recently admitted four companies affiliated with the Future Group including Future Corporate Resources Pvt Ltd and Central Departmental Stores Pvt Ltd under the corporate insolvency resolution process (CIRP) in an application filed by the Central Bank of India. The other companies include Ojas Tradelease and Mall Management Pvt Ltd and Iskrupa […]
NCLT admits Future Group affiliate Acute Retail Infra under the insolvency resolution process, ET LegalWorld
The bankruptcy court on Monday admitted Future Group’s affiliate Acute Retail Infra Pvt Ltd for Corporate Insolvency Resolution Process (CIRP) in an application filed by Avendus Finance Pvt Ltd after the company defaulted on its dues of over Rs 65 crore. The Mumbai bench of the National Company Law Tribunal (NCLT) while admitting the company […]
NCLT admits insolvency resolution plea against Essar Oil and Gas Exploration & Production, ET LegalWorld
The bankruptcy court in Ahmedabad has admitted Essar Group entity Essar Oil and Gas Exploration & Production Ltd under the Corporate Insolvency Resolution Process (CIRP). The National Company Law Tribunal (NCLT) has admitted the company in an application filed by the company’s operational creditor Greka Green Solutions (India) Ltd, after the Essar Group entity defaulted […]