NCLT – Market-Tracker

ITC declares that the demerger of its hotel operations will take effect on January 1, 2025.

Following a decision from the National Company Law Tribunal (NCLT), ITC Ltd. stated on Tuesday that it has set January 1, 2025, as the effective date for the demerger of its hotel sector. The business disclosed in a regulatory filing that NCLT had issued an order approving the deal. The demerger between ITC Limited and…

Creditors realized $2.43 billion through resolution proposals that the NCLT approved.

Meena@fastura.com3 years ago03 mins

By the end of September 2022, creditors, mainly banks and financial institutions, had received 2.43 billion rupees under resolution plans approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC). This is in contrast to the total amount of claims made by creditors, which total $7.91 lakh crore and have…

Tag: NCLT

ITC declares that the demerger of its hotel operations will take effect on January 1, 2025.

Creditors realized $2.43 billion through resolution proposals that the NCLT approved.

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