NEW DELHI: National Company Law Tribunal on Tuesday admitted the BCCI‘s application seeking insolvency proceedings against Byju’s.This came after the law tribunal said that “it cannot be disputed” that the parent of the ed tech firm, Think & Learn Private Limited, had availed the services of the cricket board and had defaulted on over 1.59…
Representative image The Ahmedabad bench of the National Company Law Tribunal has admitted an insolvency resolution application against Jatin Rajnikant Mehta, the personal guarantor of bankrupt Winsome Diamonds and Jewellery, for a default of over Rs 457 crore. Mehta is suspected to be in St. Kitts and Nevis, a Caribbean island country. Winsome Diamonds, which…
Adesh Kumar Gupta, Liberty Group Liberty Shoes has removed its Executive Director Adesh Kumar Gupta from the board after the National Company Law Tribunal (NCLT) dismissed his petition seeking exemption on requirements to file a plea, according to a regulatory filing. Gupta, who along with some other shareholders holds 5.83 per cent of the company,…
The National Company Law Tribunal Tuesday granted State Bank of India time till September 18 to file a rejoinder in response to the voluminous reply filed by PC Jeweller Ltd. The counsel for the public sector bank had sought time from the principal bench of the tribunal, comprising of the president Justice (retd) Ramalingam Sudhakar…
Public sector lender State Bank of India (SBI) has taken PC Jeweller to the National Company Law Tribunal (NCLT) with a plea to initiate insolvency proceedings against the city-based jewellery manufacturer and retailer claiming a default. A Delhi-based principal bench of NCLT had issued a notice to PC Jeweller last week directing it to file…
