Friday, November 8, 2024

NCLT

Future Enterprises debt resolution in limbo as Jindal’s bid fails to impress lenders

News
Jindal (India) has proposed a bid of INR 301 crore for Future Enterprises (FEL), which is burdened with debt from Kishore Biyani. This amount...

Liquidation looms for Future Retail as buyer search hits roadblocks

News
Kishore Biyani, renowned as the "Raja of Retail," is facing the imminent collapse of his once-prosperous retail empire. Future Retail, the flagship company, is...

Lenders reject Space Mantra’s bid for Future Retail Ltd; NCLT extends insolvency period by 15 days

News
The lenders of Future Retail Ltd have rejected Space Mantra's bid for the debt-ridden firm, which is currently undergoing the Corporate Insolvency Resolution Process...

NCLT extends Future Retail’s insolvency resolution deadline to September 15

News
The National Company Law Tribunal (NCLT) has granted an extension for the insolvency resolution process of financially troubled Future Retail Ltd (FRL) until September...

Coffee Day Enterprises to negotiate settlement amidst bankruptcy proceedings

News
Coffee Day Enterprises is poised to commence negotiations for a settlement with IDBI Trusteeship, who have initiated bankruptcy proceedings against the troubled beverage chain...

Application filed against Coffee Day Enterprises for insolvency proceeding

News
An insolvency petition has been submitted against Coffee Day Enterprises in accordance with Section 7 of the Insolvency and Bankruptcy Code of 2016, seeking...

Gujarat High Court grants stay order in favor of Rasna, halting NCLT’s insolvency proceedings

News
In a significant development favoring Rasna, the Gujarat High Court issued a stay order on Monday, effectively halting the NCLT's directive to commence insolvency...

ITC board gives nod to hotel business demerger plan; listing expected in 15 months

News
On Monday, the ITC board granted its approval to a proposed arrangement that entails the separation of its hospitality business. According to this scheme,...

NCLT appoints Shailendra Ajmera as resolution professional for Coffee Day Global amid insolvency proceedings

News
National Company Law Tribunal has appointed Shailendra Ajmera, backed by EY, as the resolution professional (RP) for Coffee Day Global, as stated in an...

Coffee Day Global enters bankruptcy proceedings following NCLT’s decision

News
According to sources familiar with the matter, Coffee Day Global, the company behind the Cafe Coffee Day chain in India, has been granted corporate...

Prag Distillery’s board reinstated as NCLT approves withdrawal of liquidation proceedings

News
Prag Distillery, a subsidiary of Tilaknagar Industries engaged in the production of alcoholic beverages, has successfully obtained approval from the National Company Law Tribunal...

ITC Limited and other companies submit resolution plans for Shakti Bhog Foods as insolvency proceedings continue

News
ITC Limited and two other companies have stepped forward to submit resolution plans for Shakti Bhog foods, a wheat flour manufacturer based in North...
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