YOGESH KHANNA
NCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore dues
NCLAT overturned the insolvency proceedings against Polycab India Limited, which originated from a claim by Asier Metals. The tribunal found unresolved disputes regarding payments and alleged operational dues amounting to Rs 2.78 crore. NCLAT noted that effective communication existed between the two parties detailing ongoing disagreements over credit notes and charges. Additionally, Polycab disputed the creditor's demand, indicating significant unresolved financial matters.
NCLAT revives Walchandnagar Industries' insolvency plea against Swaraj India Agro on SC direction
The National Company Law Appellate Tribunal restored an appeal from Walchandnagar Industries against Swaraj India Agro. This restoration followed a Supreme Court order canceling a previous dismissal of Walchandnagar's insolvency petition. The NCLAT issued a notice directing Swaraj India to respond within four weeks. The dispute involves operational debts related to a sugar plant project initiated in 2013. The NCLT earlier dismissed both companies' petitions citing pre-existing disputes.
NCLAT issues notices to lenders on Subhash Chandra’s plea against NCLT order
NCLAT has issued notices to lenders on Essel Group chairman Subhash Chandra’s plea challenging an NCLT order that constituted a five-member bench in his personal insolvency case.
NCLAT issues notice to creditors on Subhash Chandra's Plea; sets next hearing for Oct 29-30
The National Company Law Appellate Tribunal will hear Subhash Chandra's appeal regarding his personal insolvency on specific dates. Chandra challenges a previous NCLT ruling that limits his ability to dispose of assets. Creditors opposing his appeal have been instructed to submit their replies within one week. A separate petition concerning a disputed settlement amount has been combined with Chandra's appeal.
NCLAT dismisses Affle 3i's plea against insolvency of Talent Unlimited Online Services
NCLAT has dismissed an appeal by Affle 3i Ltd concerning insolvency proceedings against Talent Unlimited Online Services Pvt Ltd. The dismissal means that Affle 3i can file a new allegation of fraudulent initiation of the insolvency process. The NCLT had already initiated corporate insolvency resolution proceedings based on a Section 7 application. Affle 3i argued that the proceedings were initiated fraudulently, but NCLAT found no substantial evidence.
Subhash Chandra moves NCLAT, challenges NCLT 5-member bench order against alienation of assets
Subhash Chandra has approached the NCLAT challenging a five-member NCLT bench order that stayed a third member’s decision approving his Rs 6.5 crore repayment plan against liabilities of around Rs 22,000 crore and restrained him from alienating assets. The NCLAT has asked Chandra’s counsel to serve copies on creditors and implead them, listing the matter for September 29.
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NCLAT seeks status report on delayed Supertech housing projects by NBCC
The NCLAT has ordered the Supertech committee to file a status report within two weeks. This report will detail construction commencement and work awarding for sixteen NBCC-managed projects. Homebuyers had complained about significant delays beyond previously established timelines. The tribunal also directed the committee to address unpaid employee salaries for three months. The next hearing for this matter is scheduled for September 14, 2026.
NCLT forms 5-member bench to decide on Subhash Chandra's Rs 6.5 crore repayment plan
A new five-member bench will decide Subhash Chandra's repayment plan. This personal insolvency case involves claims exceeding twenty-two thousand crore rupees. A previous division bench failed to reach a majority verdict on the plan. Dissenting lenders have approached the insolvency appellate tribunal regarding the matter. The bench will commence hearings on Tuesday morning.
Subhash Chandra Rs 22,000 cr case: NCLT fails to get majority view on insolvency plan with 99.7 percent haircut
Subhash Chandra's insolvency case: A tribunal bench referred the case for fresh adjudication. Lenders opposed a proposed repayment plan offering a deep haircut. The appellate tribunal NCLAT will hear the lenders' plea against a third member's order. This dispute arises from differing interpretations of insolvency code provisions. The case involves admitted claims exceeding twenty-two thousand crore rupees.
Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT order
Dissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan proposes a Rs 6.5 crore payment against creditor claims. Lenders argued that five entities linked to Chandra's family improperly influenced the voting process. The NCLT approved the plan after a third member ruled in its favor. The appellate tribunal will now hear the lenders' challenge on Tuesday.
Delhi HC asks SpiceJet to pay ₹100 cr to Kalanithi Maran by Sept 10
The Delhi High Court has ordered SpiceJet and its CMD Ajay Singh to pay former promoter Kalanithi Maran ₹100 crore by September 10, or else the airline's assets will be attached. The court rejected SpiceJet's offer to deposit ₹75 crore within 10 days. The court is only concerned with how SpiceJet will pay its liabilities to Maran.
Disclose assets, revenues in a week: HC to SpiceJet
The Delhi High Court has ordered SpiceJet to disclose its assets and revenue collection in connection with a request made by the airline’s former promoter, Kalanithi Maran, who is seeking 50% of its revenue against an arbitration award. SpiceJet has been given until August 24th to respond to the demand by Maran, who is seeking half of SpiceJet’s daily revenue on a weekly basis to cover the INR 393 crore ($54m) that it still owes him following a 2015 share transfer dispute.
Delhi High Court summons SpiceJet's Ajay Singh
Justice Yogesh Khanna, while issuing summon orders, pulled up Singh for failing to comply with its June 1 order that asked the low-cost airline to furnish details of its assets. It further directed Spicejet to file an affidavit disclosing all its assets before September 5, the next date of hearing.
Rajesh Khanna birth anniversary: Top 4 best songs of superstar
Today is Rajesh Khanna’s 80th birth anniversary. Let us have a look at his all time hit songs.
HC suspends OP Chautala's 4-year sentence in disproportionate assets case
Delhi High Court has suspended the four-year sentence awarded to former Haryana Chief Minister Om Prakash Chautala during the pendency of his appeal against the conviction in a disproportionate assets (DA) case.
HC seeks Delhi govt, police stand on plea for SIT probe into death of farmer on Jan 26 tractor rally
Justice Yogesh Khanna issued notice to the Delhi government, Delhi Police, Uttar Pradesh Police and the Chief Medical Officer of District Hospital at Rampur, where the post mortem was carried out.
December 16 Delhi gangrape: Judge breaks pen's nib after giving death
Breaking the nib of the pen which is used to sign the order delivering death sentence has been a tradition since the days of British governance in India.
December 16 incident "definitely" is rarest of rare, says court
The ghastly act of the convicts in the December 16 gangrape and murder of the 23-year-old girl "definitely fits in the bracket of rarest of rare" case, the Delhi court said.
Verdict on four Delhi gang-rape suspects due September 10: Judge
The trial of four adult suspects accused of the fatal gang-rape of a student on a New Delhi bus in December will conclude on September 10.
December 16 gangrape:'Witness afraid to depose, tortured by police': Defence
The counsel, however, said he should be given a last opportunity so that he can go and explain the witness that he should not fear to come to the court.
December Delhi gang-rape: Relative refutes claims of concocted story
Special Public Prosecutor Dayan Krishnan said that the witness had boarded the train on Dec 15 with her own husband and kid and Akshay was not with them.
Dec 16 gangrape case: Accused's father claims son was not in bus
Heera Lal, father of accused Pawan Gupta, defending his son before Additional Sessions Judge Yogesh Khanna, claimed his son is innocent and has been falsely implicated.
Did not see the Dec 16 gangrape victim: accused tells judge
One of the accused in December 16 gangrape case today claimed before a special court here that he had never seen the 23-year-old girl who was sexually assaulted by six persons in a moving bus and had only heard about it.
December 16 victim's friend was not shown arrested accused: IO
IO who had initially probed the Dec 16 gangrape case today refuted the allegation of accused that the victim's friend has seen them
December 16 gangrape: Girl's mother deposes before court, plead for justice
After her cross-examination was over, she urged the judge with folded hands to do justice to her daughter.
December 16 gangrape accused privileges be withdrawn: Tihar to court
Tihar Jail today in a fast track court here said visitation and phone privileges of one of the December 16 gangrape accused be withdrawn.
Plea for shifting gangrape accused; Tihar supdt told to reply
A special court today asked Tihar as to why two of the December 16 gangrape accused should not be shifted to any other jail following allegations of torture.
Delhi gangrape case: Forensic experts crossed examined
The statement of both the experts, who appeared as prosecution witness, were recorded by Additional Sessions Judge Yogesh Khanna during in-camera proceedings.
Delhi gang rape: AIIMS doctors testify against five adult accused
Out of the four AIIMS doctors, who appeared before ASJ Yogesh Khanna, only two of them testified as a witness.
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