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
Author – Aayush Mulchandani Introduction In the present scenario of such a parademic disease normally known as Novel Corona Virus or the Covid-19 as it can be seen the entire world is facing various issues. The whole of India is also facing various problems and as every one of us have seen and even followed
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 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
