nclt

Appoint Bipin Kabra as CFO, NCLT directs RattanIndia Finance – Economic Times

The Delhi bench of the National Company Law Tribunal (NCLT) has directed RattanIndia Finance Pvt Ltd to appoint Bipin Kabra as its new chief financial officer, admitting a petition from a unit of Lone Star Funds. Last year, the US-based, $85-billion private equity firm Lone Star Funds approached the tribunal against RattanIndia Finance, alleging irregularities …

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As per law, an application made to the tribunal is to be dealt with as expeditiously as possible and every effort is be made by the tribunal to complete the proceedings in two hearings, and to dispose of the application finally within 180 days from the date of receipt of the application, the ministry said.

Over 161,000 cases pending in DRTs: finance ministry – Mint

New Delhi: Debt recovery tribunals (DRTs) in the country have over 161,000 cases pending for adjudication as on 28 February, finance ministry informed Lok Sabha on Monday, highlighting the backlog of debt recovery cases. The ministry said the 39 DRTs in the country have in the year 2018-19 disposed of 24,140 cases and recovered ₹12,861 …

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