After receiving an order from the National Company Law Tribunal (NCLT), ITC Ltd has fixed January 1, 2025 as the effective date for demerger of its hotel business.The company said it has received order from NCLT sanctioning the agreement.
The deep rift and the family dynamics within the YSR family has yet again come to the fore with YSRCP chief YS Jagan Mohan Reddy and his wife, Bharti filing a petition in the National Company Law Tribunal (NCLT) against his sister and APCC chief YS Sharmila and mother YS Vijayamma.
The National Company Law Tribunal (NCLT) on Monday issued a notice to embattled low-cost carrier SpiceJet over a petition by Techjockey Infotech Pvt Ltd, one of its operational creditors.
The National Company Law Tribunal (NCLT) admitted embattled ed-tech company Byju's parent company 'Think and Learn Pvt Limited' to insolvency resolution process in a plea filed by the Board of Control for Cricket in India (BCCI).
The second rights issue commenced on May 13 and was expected to end on June 13.
It was pointed out that the settlement amount accepted by banks is even lower than the liquidation value of Siva Industries
In a regulatory filing, the airline said that the first meeting of the Monitoring Committee was held on June 28, 2021.
The tribunal also sought explanation if the proposal could be admitted under the law.
Jet Airways has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.
Registered valuers have valued the assets of the 13 companies at a fair value of Rs 4,069 crore and at a liquidation value of Rs 2,568 crore, NCLT said.
