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Last Updated:July 01, 2026, 07:46 IST NCLAT upheld the rights of hundreds of former Jet Airways employees to receive these statutory benefits outside the airline’s liquidation estate. Jet Airways Employees Get Major Relief as NCLAT Orders Full PF, Gratuity Payout The National Company Law Appellate Tribunal (NCLAT) on Tuesday held that workmen are entitled to…
New Delhi: Tata Motors Limited has announced that its demerger into separate commercial vehicle and passenger vehicle businesses will take effect on October 1. The move comes after receiving approvals from its board, regulators, and the National Company Law Tribunal. As part of the demerger, shareholders will receive one share in the new commercial vehicle…
Essel Dispute Status Box: An Essel Group firm, Konti Infrapower and Multiventures, has filed a petition with the National Company Law Tribunal (NCLT) against Kotak Asset Management Company (AMC), alleging failure to fulfil contractual obligations. The company claims that Kotak AMC, acting as a corporate debtor, has not repaid dues amounting to ₹12.99 crore under…
Last Updated:May 26, 2025, 17:55 is The Supreme Court orders a status quo on the liquidation of Bhushan Power & Steel Ltd, halting NCLT proceedings, thus providing relief to JSW Steel. The Supreme Court says JSW Steel’s plan to acquire Bhushan Power was “illegal” and should not have been accepted by the latter’s committee of…
Last Updated:November 07, 2024, 12:19 IST Supreme Court of India has ordered the liquidation of Jet Airways, invoking its extraordinary powers under Article 142 of the Constitution The Supreme Court of India. (PTI File) On Thursday, the Supreme Court of India ordered the liquidation of Jet Airways, invoking its extraordinary powers under Article 142 of…
Mumbai49 minutes ago copy link Shares of Zee Entertainment Enterprises Limited rose 15% during market trading today (27 August). However, later the company’s stock closed at Rs 150 with a gain of 11.61%. This rise in the shares of Zee Entertainment has been seen due to the resolution of the merger termination dispute with Sony….
Hindi News Business NCLT Orders Insolvency Proceedings Against Coffee Day Enterprises Limited Bangalore2 minutes ago copy link The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Coffee Day Enterprises Limited (CDEL). Coffee Day Enterprises is the parent company of the Coffee Day Group. The Coffee Day Group operates the Cafe…
Coffee Day Enterprises Ltd, which also owns and operates a resort, renders consultancy services and is engaged in the sale and purchase of coffee beans, had defaulted in the payment of coupon payments of redeemable non-convertible debentures (NCDs). The Bengaluru bench of the NCLT on August 8 admitted the plea filed by IDBI Trusteeship Services…