IDBI Bank's insolvency appeal against ZEEL dismissed by NCLAT – MSN
IDBI Bank’s insolvency appeal against ZEEL dismissed by NCLAT MSN Read the original article here
NCLAT dismisses IDBI Bank’s plea for insolvency against Zee Entertainment
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender’s plea to initiate insolvency proceedings…
IDBI Bank’s insolvency appeal against ZEEL dismissed by NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Monday (Apr 7) dismissed an appeal filed by IDBI Bank challenging the order of the National Company Law Tribunal (NCLT) which dismissed an insolvency plea against Zee Entertainment Enterprises Limited (ZEEL). NCLAT is the appellate body for the decisions of the bankruptcy court NCLT. As per Bar and…
Adani, Patanjali among 26 firms in race to acquire Jaiprakash Associates
New Delhi, April 7: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a key player in sectors like real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the…
NCLAT dismisses IDBI Bank’s plea for insolvency against Zee Entertainment
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender’s plea to initiate insolvency proceedings…
NCLAT dismisses IDBI Bank’s insolvency plea against Zee
In a relief for Zee Entertainment Enterprises Ltd, the National Company Law Appellate Tribunal (NCLAT) has dismissed the insolvency plea filed by IDBI Bank against the media company over unpaid dues of around ₹150 crore. The top insolvency court upheld an earlier order by the National Company Law Tribunal (NCLT), Mumbai, which ruled that IDBI…
4.3 Focus Topic: The Recent Increase in Company Insolvencies and its Implications for Financial Stability | Financial Stability Review – April 2025
The share of companies entering insolvency has risen sharply over the past couple of years to be at the top of the range observed in the 2010s, but on a cumulative basis remain slightly below their pre-pandemic trend. The rise has been due to challenging economic conditions and a catch-up effect from exceptionally…
NCLAT dismisses IDBI Banks plea for insolvency against Zee Entertainment
New Delhi, Apr 7 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender’s…
IDBI Bank’s insolvency appeal against ZEEL dismissed by NCLAT
Home Business IDBI Bank’s insolvency appeal against ZEEL dismissed by NCLAT The bench clarified, however, that IDBI Bank retains the liberty to file a fresh insolvency petition for defaults occurring outside the Section 10A protection window. The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by IDBI Bank challenging the National Company…
Insolvency Service praised for forcing closure of ‘deceitful’ timeshare claims company
Insolvency Service investigation leads to High Court closure of fraudulent timeshare claims firm Timeshare claims Timeshare sales operations have earned an appalling reputation for customer manipulation, high pressure sales, criminal activity and disregard for consumer laws over the last two and a half decades. Spanish timeshare companies. Operated illegally Suing these companies in Spain proved…