FORGOTTEN HISTORY: National company law tribunal - The Untold Story

NCLT approves merger of Jana Holdings with Jana Capital

NCLT approved the amalgamation of Jana Holdings Ltd with Jana Capital Ltd effective November 3, 2026. Both companies belong to the promoter group of Jana Small Finance Bank Limited. The amalgamation aims to eliminate the Non-Operative Financial Holding Company layer while ensuring a seamless transition of assets and liabilities. Jana…

The Economic Times · Nov 12

NCLT declares Videocon promoter Venugopal Dhoot bankrupt on SBI plea; appoints bankruptcy trustee

The National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt on a petition filed by the State Bank of India (SBI), after the failure of his personal insolvency resolution process and repayment plan.

The Economic Times · Nov 6

NCLT voids Rs 525-cr guarantee, Mumbai land transfer in JLS Realty dispute

The NCLT has invalidated multiple transactions involving JLS Realty Pvt Ltd, including its transfer of redevelopment land. The tribunal found that the transfer to Spenta Suncity lacked commercial benefit and involved financial obligations. Management changes made in February 2021 were deemed invalid due to improper procedures and lack of justification.…

The Economic Times · Oct 31

Parliamentary Committee on Finance to examine 46 economic issues, including virtual digital assets, AI, in FY'27

Parliament’s Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, has selected 46 subjects for examination in 2026-27, including artificial intelligence in finance, virtual digital assets, currency management and financial sector regulation.

The Economic Times · Oct 24

Polycab India shares fall 6% in two sessions. What’s triggering the selloff?

Polycab India shares dropped 6% in two sessions after NSE announced its exclusion from the equity derivatives segment effective December 30. The move follows an insolvency petition admitted by NCLT over alleged dues of Rs 2.79 crore, which has since been stayed by NCLAT pending an October 26 hearing.

The Economic Times · Oct 14

Polycab shares tumble 5% as stock set to exit F&O segment from December 30 onwards. Here's why

Polycab India shares dropped over 5% after the NSE announced its exclusion from the F&O segment from December 30. The move follows insolvency proceedings initiated against the company, although NCLAT has stayed the NCLT order. Existing derivative contracts will continue until their respective December expiries.

The Economic Times · Oct 13

Union Bank, LIC Housing Fin, Canara Bank challenge NCLT nod to Subhash Chandra resolution plan

Canara Bank, Union Bank of India, and LIC Housing Finance will challenge a repayment plan. The National Company Law Tribunal approved the plan for Dr Subhash Chandra's insolvency case. These lenders opposed the plan, which was approved by other private creditors. They are filing appeals before the National Company Law…

The Economic Times · Aug 29

NCLT Subhash Chandra Case: Rs 22,000 crore is not bank loan write-off, sources on order

The National Company Law Tribunal approved a repayment plan for Essel Group founder Subhash Chandra. This plan does not signify banks writing off nearly all of Rs 22,000 crore in loans. The Rs 22,006 crore figure represents claims against Chandra as a personal guarantor. Corporate borrowers remain liable for their…

The Economic Times · Aug 27

Judicial, Technical Members appointed in National Company Law Tribunal

The appointments are made for a period of five years with effect from the date they assume the charge. A must read on Dynamite News:

Dynamite News · Feb 7, 2025

Aviation leasing watchdog puts India on watchlist after NCLT’s GoFirst order, assigns negative country ‘negative’ outlook

India has been placed on global aviation leasing watchdog’s watchlist, assigning it “negative” outlook following the National Company Law Tribunal’s (NCLT) order restricting bankrupt airline Go First’s lessors from repossessing planes while it is undergoing insolvency process.

The Hindu · May 12, 2023