Many cases may have to be reopened after SC ruling on borrowers' voice

The Supreme Court’s decision to allow borrowers a chance to be heard before their accounts are flagged as fraudulent by lenders is expected to result in several cases being reopened where the......

Piramal Group's resolution plan for beleaguered DHFL gets NCLT nod

While the bankruptcy tribunal has approved the overall plan, it has asked for reallocating funds to fixed-deposit holders and small investors. IMAGE: Ajay Gopikrishna Piramal, chairman, Piramal......

A year after, Jet Air's lenders, employees still await payments

Though NCLT has extended window to find a buyer, bankers don’t see much hope of a deal. In the year since Jet Airways operated its last flight former employees and creditors have continued......

NCLT grants 90-day extension to Jet

This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code. The National Company Law Tribunal (NCLT) has granted a 90-day extension to Jet......