Shannon

The National Company Law Tribunal (NCLT) on May 22 issued notices to Think and Learn Pvt Ltd, the parent company of Byju’s, in three cases over non-payment of dues to operational creditors. Byju’s is in involved in litigation with at least seven vendors in NCLT amid an acute financial crisis. The hearing in all three cases, filed by publishing company McGraw Hill…...

NCLT issues 3 notices to Byju’s over non-payment of dues, next hearing on July 3 The National Company Law Tribunal (NCLT) on May 22 issued notices to Think and Learn Pvt Ltd, the parent company of Byju’s, in three cases over non-payment of dues to operational creditors. Byju’s …

The National Company Law Tribunal (NCLT) in Bengaluru issued notice in an insolvency plea filed by mobile phone manufacturer Oppo against embattled ed-tech company Byju's. The plea is now likely to come up for hearing again in the last week of May, as the tribunal will go on a summer break from May 3. Apart from Oppo, two new insolvency pleas have been filed against Byju's in the last one week....

NCLT issues notice in Oppo’s insolvency plea against Byju’s The National Company Law Tribunal (NCLT) in Bengaluru issued notice in an insolvency plea filed by mobile phone manufacturer Oppo against embattled ed-tech company Byju’s. The plea is now lik…

Alterna Aircraft BV Limited, an Ireland-based aircraft lessor on March 18 withdrew its insolvency plea against low-cost airline SpiceJet at the National Company Law Tribunal (NCLT). The lessor plans to fight the same at an appropriate forum. The NCLT thus permitted it to withdraw the plea and gave it the liberty to move the plea at the forum it thinks fit....

Alterna Aircraft withdraws insolvency plea against SpiceJet in NCLT Alterna Aircraft BV Limited, an Ireland-based aircraft lessor on March 18 withdrew its insolvency plea against low-cost airline SpiceJet at the National Company Law Tribunal (NCLT). The lessor plan…

IFFCO has moved the NCLT against Swan Energy Ltd (SEL) and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/security to the lenders against loans. Seeking an injunction against any such proposal, IFFCO, in its petition filed before the Ahmedabad bench of the NCLT, alleged that Triumph Offshore is pre-paying the debt, which may result in dilution of its shareholding in the joint venture firm and is detrimental to its interest....

IFFCO moves NCLT against Triumph Offshore, Swan Energy IFFCO has moved the NCLT against Swan Energy Ltd (SEL) and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/secu…