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Adhunik Metaliks: NCLT keeps issue of additional time open According to a source close to the development, “Edelweiss ARC’s plan was rejected in the first round of bidding for Adhunik Metaliks, and in the second round, the company did not submit its plan.” The...

Adhunik Metaliks: NCLT allows 20 more days to complete insolvency process Bankrupt Adhunik Metaliks has received an additional 20 days to complete the ongoing insolvency resolution process. The Kolkata bench of the National Company Law Tribunal (NCLT) on Friday ordered...

NCLT orders resumption of mining by OMML The Kolkata bench of the National Company Law Tribunal (NCLT) on Thursday said the director of mines’ order of stoppage of mining operations during the moratorium period for the firm was ‘illegal’ and ‘inoperative’. Even as the...

Cop probing sex abuse of 4-year-old in school removed A city court has ordered the removal of the officer, investigating last year’s alleged sexual assault of a lower nursery student inside her school toilet, for “dereliction of duty” and asked for departmental...

Why Ramsarup Industries admitted under IBC despite ICICI Bank objections The Kolkata bench of the National Company Law Tribunal (NCLT) has admitted a petition filed by steelmaker Ramsarup Industries for initiating the corporate resolution process, even as India’s...

NCLT admits defaulter’s voluntary plea for insolvency resolution The Kolkata bench of the National Company Law Tribunal (NCLT) on Monday admitted a defaulter’s voluntary petition for insolvency resolution, and dismissed a lender’s opposition to it. The tribunal also...

Kolkata school suspends classes, parents agitate Hundreds of guardians of students of the G.D. Birla Centre for Education, a renowned private school in south Kolkata, where a kindergarten student was allegedly sexually abused by teachers recently, blocked a busy...

NCLT asks Ramsarup creditors to file replies The Kolkata bench of the National Company Law Tribunal (NCLT) on Thursday asked all secured creditors of Ramsarup Industries to file their replies within 15 days. The tribunal will hear the company’s insolvency application...

Plea for CBI probe The high court took up for hearing on Friday a petition seeking a CBI probe filed by the father of a four-year-old girl who was allegedly sexually assaulted at the GD Birla Centre for Education. Moving the petition, advocate Priyanka Tibrewal pleaded...