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NCLAT defers hearing of challenges against Zee-Sony merger to March 18

IDBI Bank, IDBI Trusteeship and Axis Trusteeship challenged the National Company Law Tribunal (NCLT) order from August granting a legal sanction to the merger. ....

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NCLAT dismisses IDBI Trusteeship plea for insolvency against Essel group entity Cyquator Media Services

A two-member bench of the appellate tribunal observed that the default, claimed by IDBI Trusteeship, had happened during June 2020, which is covered under the period excluded under Section 10A of the Insolvency and Bankruptcy Code, 2016. Section 10A bars absolutely and forever, the filing of any application under Sections 7, 9 and 10 of the Code, for defaults committed on or after March 25, 2020 up to March 25, 2021. ....

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IDBI Trusteeship: Cafe Coffee Day may stave off bankruptcy by settling dues

India Business News: Coffee Day Enterprises is likely to initiate a settlement with IDBI Trusteeship, which has initiated bankruptcy proceedings against the beleaguered be ....

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IDBI Trusteeship moves NCLT for insolvency proceedings against Coffee Day for alleged default of Rs 228 cr

Coffee Day said it 'is seeking appropriate legal advice and will take all appropriate steps to protect its interest in the matter' ....

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Insolvency plea against Coffee Day over ₹228 cr loan default

IDBI Trusteeship has filed for insolvency proceedings against Coffee Day Enterprises for an alleged default of INR 228 crore, with IndusInd Bank also seeking insolvency proceedings over a default of INR 94 crore. ....

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