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References in periodicals archive ?
The bank had approached the Mumbai bench of the NCLT against HDIL after it failed to repay dues of Rs 522 crore.
* Provision coverage under NCLT 1 and NCLT 2 list was 97.42% and 84.86% respectively.
This is not the time for lenders to approach NCLT for resolution," the official said.
Even as the ministry is awaiting the written order from the NCLT bench to clear the order on management change in Essar Steel, the National Company Law Appellate Tribunal (NCLAT), which was scheduled to hear the petition moved by promoters of Essar Steel against NCLT Ahmedabad's ruling, asked the promoters to first clear the whole of Essar Group's debt and then come with a resolution plan for Essar Steel as per the Supreme Court judgement.
MCA had approached the appellate tribunal after the Mumbai bench of national company law tribunal (NCLT) turned down its plea to grant 90-day moratorium.
While bankers now have the shelter of the code - since it is being monitored by the NCLT - to take commercial decisions without any fear of being jailed in future, the entry of other financial creditors, like NBFCs and foreign lenders, in the committee of creditors is also making them jittery.
The three borrowers are among the 12 accounts identified by the Reserve Bank for immediate reference to National Company Law Tribunal ( NCLT).
Through this new program, recipients of HUD's Section 8 vouchers can put their monthly housing subsidy--traditionally used for rent--toward a mortgage payment on a home or a condominium being sold by the NCLT, a 30-year-old, Berkeley-based nonprofit.
Summary: New Delhi [India] Aug 6 (ANI): The National Company Law Tribunal (NCLT) has approved the scheme of amalgamating five wholly-owned subsidiaries of leading auto component manufacturer Minda Corporation.
* Exposure in accounts under NCLT 1 list was INR 3,908 crore and NCLT 2 list was INR 3,831 crore as on March 31, 2019.