nclt

NCLT upholds Aanand Rai's plea in row with Eros

NCLT approves revival proposal for Rajesh Hotels

Supreme Court Seeks Nationwide Data on NCLT Resolution Plan Delays

The Supreme Court has directed the IBBI and NCLT to furnish comprehensive nationwide data on pending resolution plan applications and reasons for delays, following a two-year delay in approving AVJ Developers' plan. The bench comprising Justices JB Pardiwala and KV Viswanathan expressed concern over the prolonged delay and scheduled the next hearing for April 29.

Supreme Court directs NCLT to decide on court-appointed committee for Supertech's 30 stalled projects

The Supreme Court has directed the National Company Law Tribunal to expedite its decision on whether a court-appointed committee is necessary to oversee Supertech's 30 stalled projects. This follows the suspension of the firm's interim resolution professional over misconduct allegations. The tribunal will determine if the oversight panel should cover all projects or only the 16 projects taken up by state-run NBCC. Homebuyers have expressed concerns about project completion timelines.