May 17, 2020 04:05 PM IST Govt to decriminalise most

Jul 14, 2020 06:30 PM IST NCLAT upholds NCLT order to initiate insolvency against HDIL, rejects Rakesh Wadhwan’s plea Earlier on August 20, 2019, the Mumbai bench of National Company Law Tribunal (NCLT) had directed to initiate insolvency proceedings against HDIL, after allowing the insolvency plea filed by Bank of India, claiming default of a loan of Rs 522 crore by the realty firm.Jul 11, 2020 06:51 PM IST NCLT approves Deccan Value Investors’ bid for Amtek Auto The tribunal observed that the resolution plan submitted by DVI fulfils all the requirements of regulations of the corporate insolvency resolution process and has been approved by the Committee of Creditors (CoC).Jun 30, 2020 07:40 PM IST I T exemption on buying shares at discounted price in firms under insolvency proceedings The Central Board of Direct Taxes (CBDT) through a notification said the exemptions would come into effect from April 1, 2020, and shall be applicable for the assessment year 2020 21 and thereafter.Jun 30, 2020 07:27 PM IST NCLT reserves order on SBI plea against Anil Ambani to recover over Rs 1,200 crore The public sector lender had approached the tribunal under Section 97(3) of the Insolvency and Bankruptcy Code (IBC), seeking its intervention to direct the insolvency board to nominate a resolution professional (RP) to assess and submit a report on the assets owned by Ambani.Jun 15, 2020 10:40 AM IST NCLT allows Jet Airways to sell office in Bandra Kurla Complex Jet Airways’ insolvency resolution professional Ashish Chhawchharia had moved the NCLT to seek approval to sell its third and fourth floor in Godrej BKC building to clear overseas debt to transfer the title of six aircraft under Export Import Bank of the US to the corporate debtor, which would help in maximising value of the defunct airline.Jun 10, 2020 02:38 PM IST NCLT approves Aircel resolution plan even as ARC offers only 1.5% of Rs 20,000 crore bank dues: Report Aircel had submitted an application under Section 10 of the IBC in February 2018 after it failed to repay loansMay 27, 2020 07:00 PM IST NCLT approves IL stake sale in GIFTCL to Gujarat govt The order said that IL had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant’s shareholding in GIFTCL to the Gujarat government.May 25, 2020 03:50 PM IST NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters Allowing the plea filed by the Ministry of Corporate Affairs (MCA), a two member bench of the appellate tribunal said the NCLT’s direction was “beyond the power” and amounted to “imposition of a new rule in a compelling fashion”.May 17, 2020 04:05 PM IST Govt to decriminalise most violations of Companies Act: Nirmala Sitharaman This reform reduces the strain on National Company Law Tribunal which is currently over burdened. It will reduce timing compliance cost for smaller firms otherwise it takes years to get rid of minor violations.May 07, 2020 04:20 PM IST NCLT cancels summer vacation this year, to hear cases Several judicial bodies and quasi judicial bodies have also cancelled their summer vacations as they were closed during the lockdown and were disposing only urgent matters through video conferencing.May 07, 2020 09:17 AM IST After a bout with NCLT, this stock has rallied over 1700% in 3 months Despite the sharp run up, analysts feel that the scrip still has some steam left.May 01, 2020 04:35 PM IST NCLT transfers eight members with immediate effect The tribunal has a strength of 23 Judicial members including its Acting President and 25 technical members, as per NCLT website.Apr 25, 2020 05:56 PM IST Delhi Gymkhana: One of India’s most elite clubs has again sparked a bitter takeover battle While disagreements in the management of the Delhi Gymkhana is hardly breaking news, things had never reached the pass it did this week when the central government moved a petition seeking a change of management.Apr 09, 2020 05:31 PM IST Coronavirus impact: Real estate sector to incur loss of Rs 1 lakh crore Naredco seeks a $200 billion package from the government to kick start the economy. Affordable housing to make a comeback first; Property prices may fall by 10 15 per cent.Mar 18, 2020 12:31 PM IST Jet Airways gets 90 days more for resolution under IBC from NCLT The previous 270 day deadline for Jet Airways ended on March 15Mar 12, 2020 08:22 PM IST Jet Airways’ CoC to seek 2 months extension for bids from NCLT The March 10 deadline was set after Russia’s Far East Asia Development Fund evinced interest in Jet Airways..

Michael Oldfield, 5. Nick Cotric, 6. Jack Wighton, 7. 10 point comebackThe Chiefs were down 20 10 with 8:12 remaining in the game but scored 21 unanswered points to steal the victory. The Chiefs’ comeback win is tied for the second largest in Super Bowl history. The largest, of course, is that legendary comeback from down 28 3 by the Patriots over the Falcons in Super Bowl 51.

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