NCLT, Hyderabad admits Insolvency Petition against the Promoter of Deccan Chronicle Holdings Ltd.

The National Company Law Tribunal, Hyderabad Bench vide its order dated 24.06.2022 admitted an Insolvency Resolution Petition filed by L & T Finance Limited (Financial Creditor) against the Promoter and Personal Guarantor of Deccan Chronicle Holdings Limited (DCHL), Mr. T. Venkataram Reddy. DCHL is one of the biggest defaulters being faced with several proceedings by

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1.No new petition under Section 7  Insolvency & Bankruptcy Code to be entertained without filing record of default: NCLT The National Company Law Tribunal has directed filing of default record from Information utility along with new petitions under Section 7 of the Insolvency and Bankruptcy Code, 2016. 2.Such an election should not be permitted to hold the field”,

‘Summer vacation at all the National Company Law Tribunal Benches cancelled’.

Summer vacation at all the Benches of National Company Law Tribunal has been cancelled for 2020. An order to this effect was passed by the President, National Company Law Tribunal today. Since the lockdown, all NCLT benches have restricted their functioning to unavoidable urgent matters and suspended all other judicial work. Recently, to expedite virtual