ET Bureau| Updated: Oct 06, 2017, 01.57 PM IST Ericsson had filed for insolvency in the NCLT under the newly-formed Insolvency and Bankruptcy Code to recover Rs 1,150 crore from RCom for services and equipment it had earlier supplied. MUMBAI: The National Company Law Tribunal (NCLT) will hear on November 8 the case on whether…
A barmaid with 30 years experience claimed she poured short measures because she was a bit shaky making drinks. But the error was enough to see her boss, a 60-year-old nurse, hauled to court for the first time in her life. Ship Inn landlady Margaret Ann Calvert was prosecuted following a trading standards sting at…
Ericsson’s Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing in September. The Swedish telecoms equipment maker, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide network,…
NEW DELHI: Ultra Homes -an Amrapali Group company -has gone in for insolvency resolution.Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed Sanjay…
After the bench of the National Company Law Tribunal (NCLT) declared Amrapali and Jaypee as insolvent companies, the plight of home buyers, who are struggling for possession, has worsened. This insolvency declaration, among other things, has made Greater Noida Authority powerless in terms of intervention (from the home buyers side). Now, Greater Noida Authority has…
Mrs Essien Akosua Puni Akosua Puni Essien’s FC Como are set to be booted out from Italian football after being declared bankrupt by a Court in Como FC Como, a lower-tier side in Italia, which was purchased by Akousa Puni Essien, wife of former midfielder Milan and Chelsea, Micheal Essien through an auction for 237,000, have…
Mrs Essien Akosua Puni Akosua Puni Essien’s FC Como are set to be booted out from Italian football after being declared bankrupt by a Court in Como FC Como, a lower-tier side in Italia, which was purchased by Akousa Puni Essien, wife of former midfielder Milan and Chelsea, Micheal Essien through an auction for 237,000, have…
NEW DELHI: Ultra Homes -an Amrapali Group company -has gone in for insolvency resolution.Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed Sanjay…
Written by Khushboo Narayan | Mumbai | Published:October 6, 2017 1:25 am Tech Mahindra and the three ADAG firms had signed a two-year service agreement in 2015. Tech Mahindra Ltd, one of Indias leading software services firms, has dragged three Reliance Anil Dhirubhai Ambani Group (ADAG) firms to the National Company Law Tribunal (NCLT) under…
Updated: October 6, 2017 1:04 am The entire IBC process is time-bound. On admission of the CIRP application by NCLT, a resolution professional is appointed for conducting the process and the proposed resolution plan is approved by a CoC. The Insolvency and Bankruptcy Code 2016 (IBC) has been hailed as a landmark legislation by the…