NCLT

06 Sep

NCLT President Calls Insolvency Adjudication a Vital National Duty at PHDCCI Conference

Gurpreet Singh0 CommentsPunjabAnupinder Grewal, corporate debt, IBC, insolvency reforms, NCLT, PHDCCI, tribunal benches

Chandigarh (Naval Kishore): The National Company Law Tribunal (NCLT) is not merely adjudicating corporate disputes - it is performing a duty to the nation, Justice Anupinder Singh Grewal, President of the NCLT, told delegates at the “IBC Pulse 2.0” Conference organised by the PHD Chamber of Commerce and Industry (PHDCCI) in Chandigarh. More than 200 delegates from the judiciary, legal profession, insolvency practice and industry gathered to take stock of India's evolving insolvency framework under the Insolvency and Bankruptcy Code (IBC), 2016, and to press for reforms that would make the system faster and more predictable. Addressing the gathering as…

23 Aug

CBI Files Bank Fraud Case Against Anil Ambani and Reliance Communications

Rajeev Sharma0 CommentsBusiness, IndiaAnil Ambani, bank fraud case, CBI, NCLT, Reliance Communications, SBI fraud

New Delhi: The Central Bureau of Investigation (CBI) has lodged a case against Reliance Communications (RCom) and its promoter-director Anil Ambani over an alleged bank fraud that caused losses of over Rs 2,000 crore to the State Bank of India (SBI).Officials confirmed that searches are underway at Ambani’s residence as well as premises linked to RCom. The case stems from a complaint filed by SBI, which classified the company’s account and its promoter as “fraud” in line with the Reserve Bank of India’s (RBI) directions on fraud risk management.According to the complaint, SBI’s total exposure includes a fund-based principal outstanding…