According to a corporate statement on 28 December, the NCLT has approved a resolution plan that Ambuja Housing and Urban Infrastructure Corporate Ltd. (AHUICL) presented to take over and finish the stalled Usshar residential project at Batanagar near Kolkata. The National Company Law Tribunal's (NCLT) Kolkata bench'
According to various media reports, Walmart-owned online retailer Flipkart has been given permission by the National Company Law Tribunal (NCLT) to move its headquarters from Singapore to India. This move brings the company one step closer to its eagerly awaited public listing on Indian exchanges. The Bengaluru-based online retailer has
The amalgamation plan, which combines Suzuki Motor Gujarat with its parent company, Maruti Suzuki India, the biggest automaker in the nation, has been authorised by the National Company Law Tribunal (NCLT). The joint petition filed by Suzuki Motor Gujarat Pvt Ltd (transferor company) and Maruti Suzuki India Ltd (transferee company)
An appeal filed by Reliance Realty, a step-down corporation of insolvent Reliance Communications, seeking the recovery of assets and rent from Independent TV, a company involved in the DTH industry that is currently in liquidation, was dismissed by the appellate panel NCLAT. The Mumbai bench of the National Company Law
In a significant commercial move, Allcargo Logistics Limited, the top provider of integrated logistics solutions in India, has successfully demerged its International Supply Chain (ISC) division into Allcargo Global Limited, a new publicly traded company, with effect from November 1, 2025. The action comes after an October 10, 2025, order
Hindustan National Glass & Industries Limited (HNGIL), India's former largest container glass manufacturer, has been formally acquired by Independent Sugar Corporation Limited (INSCO), a division of the Madhvani Group, based in Uganda, under the Insolvency and Bankruptcy Code (IBC) process. INSCO was able to acquire complete control of
The domain name "blu-smart.com" of the now-defunct electric ride-hailing business BluSmart is for sale. A cursory examination of the BluSmart website showed that users are taken to a parked page indicating that the domain is available for purchase. The development follows a string of issues that the
In an effort to facilitate business dealings and spur the practice of "reverse flipping", which involves Indian start-ups and other companies moving their domicile from abroad to the country, the government has expanded the fast-track route for approval of mergers and amalgamations to include more categories of companies.
The Competition Commission of India's (CCI) antitrust verdict against Google over its Play Store policy was partially supported by the National Company Law Appellate Tribunal's (NCLAT) March ruling, which Google has challenged in the Supreme Court. "We have appealed the NCLAT's recent ruling
Kotak Asset Management Company (AMC) has been hauled to NCLT by an Essel Group subsidiary, which is claiming INR 12.99 crore in unpaid debts. The case was filed in May and was heard by the Mumbai bench of the NCLT. The petition has been submitted in the case by
According to regulatory records, Meesho, an e-commerce firm, made progress in its IPO process after the National Company Law Tribunal (NCLT) permitted the business to move its headquarters from Delaware, the United States, back to India. Meesho will now combine with the Indian company and finish the redomiciling procedure in
According to court documents examined by a media group, the conflict between Aakash Educational Services (AESL) and edtech company Byju's has intensified. Aakash filed a strongly worded petition before the National Company Law Tribunal (NCLT) in Bengaluru, accusing international consulting firm Ernst & Young (EY) of professional misconduct
All of Gensol Engineering Limited's and its affiliated companies' bank accounts and lockers have been frozen and attached by the Ahmedabad-based National Company Law Tribunal (NCLT). The Ministry of Corporate Affairs (MCA) filed a complaint accusing the corporation of financial mismanagement and substantial corporate fraud, which prompted
The edtech startup BYJU'S has removed its Android app from the Play Store due to continued rumblings and insolvency procedures. A preliminary search of the Play Store yields no results for BYJU'S main app. Three additional apps, nevertheless, are still accessible: "Think and Learn Premium
According to Amazon's regulatory filing with the Registrar of Companies (RoC), the merger was given temporary clearance by the Bengaluru bench of the National Company Law Tribunal (NCLT) on February 5, 2025. In a second filing with the NCLT, the e-commerce giant stated that the action will assist
Following Gensol Engineering's default on a loan of INR 510 crore, the state-run financier Indian Renewable Energy Development Agency (Ireda) filed a petition against the business under Section 7 of the Insolvency and Bankruptcy Code, Ireda said in a stock exchange filing on 14 May. The value of
According to a corporate spokeswoman, the alignment supports the company's long-term goal of providing value to stakeholders, partners, and customers while also aiming to improve operational efficiency.
Nuvoco is acquiring a cement and clinker manufacturing facility from the Suhail Bahwan Group which will grow their footprint in western India.
The petition was submitted without the required notice under section 8 of the Insolvency and Bankruptcy Code (IBC).
According to reports, Aakash Education Services Limited (AESL) and its majority investors have requested the National Company Law Tribunal (NCLT) to deny Glas Trust's request to join a lawsuit that aims to prevent the coaching chain from taking away the minority owners' reserved rights. The coaching division
The merger of Mumbai-based Kiranakart Technologies, the company behind the fast commerce platform Zepto, with its Singapore-based affiliate, Kiranakart Pte Ltd, has been accepted by the National Company Law Tribunal (NCLT). Zepto becomes an Indian firm after the NCLT order, and there is no resistance to the two companies'
According to media sources, the Board of Control for Cricket in India (BCCI) is expected to petition the National Company Law Tribunal (NCLT), located in Bengaluru, to have its bankruptcy claim against the ed-tech company Byju's withdrawn. It may follow the Supreme Court's decision last month
Slice, a unicorn in the financial technology industry, has been granted permission by the National Company Law Tribunal (NCLT) to merge with North East Small Finance Bank (NESFB). Both businesses made the announcement that they would be merging in October of 2023. In March of the previous year, Slice paid