The National Company Law Appellate Tribunal (NCLAT) has directed the National Highways Authority of India (NHAI) not to terminate the concession agreement of Baleshwar Kharagpur Expressway Ltd, an IL&FS group entity, and take appropriate measures for its insolvency resolution. The tribunal noted that the resolution of BKEL, a SPV set up by IL&FS Transportation Networks Limited (ITNL), is in the final stages, and any termination at this stage would further complicate the process.
The National Company Law Appellate Tribunal (NCLAT) has directed Sporta Technologies, parent company of Dream11, to maintain its status as a going concern, despite the RP s counsel arguing that the management is suspended.
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida.
Business News: New Delhi: IL&FS group has approached the NCLAT to seek permission to sell its stake with a "haircut" and without shareholders' approval in its compan.
NCLAT dismisses appeal by former promoters of Bhushan Steel : Rashtra News #NCLAT #dismisses #appeal #promoters #Bhushan #Steel Tata Steel on September 12, 2018 filed an application before the NCLT seeking direction to the Singals to transfer the shares. The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed an appeal filed by Neeraj Singal