You are here: Home >> English News & Features >> BUSINESS & ECONOMY

9,000 cases pending before NCLT

DNMUM409668 | 3/14/2018 | Author : DNA Money Correspondent | WC :171

New Delhi: Over 9,000 insolvency cases are under consideration of the National Company Law Tribunal (NCLT), the government told the Parliament on Tuesday.
This includes 2,511 insolvency cases and 1,630 related to mergers and amalgamations.
Minister of Corporate Affairs PP Chaudhary told the Rajya Sabha that all the efforts are being made to dispose of the cases as per the time limits laid down in the Insolvency and Bankruptcy Code (IBC) as well as the in the Companies Act.
“Systems and procedures including electronic/information technology systems are being used extensively to ensure quick disposal of cases,” the minister said in a written reply.
NCLT is also dealing with 4,932 cases under various sections of the Compani
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


Fashion meets fitness
DNMUM422652 | 9/21/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :628

From Vera Wang to Stella McCartney and Kanye West to Selena Gomez, designers and celebs across the world are trending in the activewear mania.Staid formals and ostentatious ethnic wear are making way for athleisure, a clothing style that marries the
Add To LightboxCalculate Price

LNG buyers turn to tenders for long-term purchases
DNMUM422653 | 9/21/2018 12:00:00 AM | Author : Shahkar Abidi | WC :228

Mumbai: LNG buyers are making the best of a surge in gas supply. Most of the recent sale-purchase agreements (SPAs) with a term of over two years were done through the tender route, Petronet LNG Ltd highlighted in its annual report. Traditionally, te
Add To LightboxCalculate Price

Directors to pay `500 late fee for KYC till Oct 5
DNMUM422654 | 9/21/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :392

New Delhi: The directors whose Director Identification Numbers (DINs) were deactivated following non-filing of new know-your-customer norms can get them reactivated by giving KYC details with a late fee of Rs 500. They can file the e-form till Octobe
Add To LightboxCalculate Price

‘Castrol will go for third price increase’
DNMUM422655 | 9/21/2018 12:00:00 AM | Author : Shahkar Abidi | WC :469

Omer Dormen, MD of Castrol India Ltd, in an interview with Shahkar Abidi, speaks about over several issues facing the industry including the push for electric vehicles, shortage of raw materials for lubricant-making, challenges in the BS-VI era for a
Add To LightboxCalculate Price