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    NCLAT Sets 3-Month Deadline for Future Lifestyle Fashion Insolvency

    New Delhi, April 6 The National Company Law Appellate Tribunal has ordered the completion of the insolvency proceedings for Future Lifestyle Fashion within three months.While rejecting an appeal filed by an operational creditor, a two-member bench has asked the Resolution Professional and the...
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    Legal Update: NCLAT Dismisses Order Requiring DMRC to Revive Parking Deal

    New Delhi, April 2 In a relief to the Delhi Metro Rail Corporation (DMRC), the appellate tribunal, NCLAT, has stated that DMRC is not bound to revive the concession agreement with Pratibha Industries Ltd (PIL) for a multi-level parking at one of its stations.Earlier, on July 30, 2024, the NCLT...
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    NCLAT Allows Withdrawal of Insolvency Proceedings Against Mahagun After Settlement With IDBI Trusteeship

    Settlement Brings Relief to Realty Firm Mahagun The National Company Law Appellate Tribunal has directed the withdrawal of insolvency proceedings against real estate firm Mahagun (India) after the company reached a settlement with its financial creditor.A two member bench of the appellate...
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    NCLT Appoints Two Member Committee to Review Jaypee Infratech Project Progress Under Suraksha Group

    Committee to Assess Construction Status and Address Homebuyers’ Grievances New Delhi, February 16: The National Company Law Tribunal has appointed a two member committee to assess the progress of construction of projects undertaken by Jaypee Infratech Ltd, which is currently controlled by the...
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