NCLT Postpones Siti Networks’ Bankruptcy Hearing to April 3

The Mumbai bench of the National Company Law Tribunal (NCLT) has deferred the hearing concerning the insolvency resolution of cable TV distribution company Siti Networks to April 3. The adjournment comes amidst pending applications, signaling irregularities in the resolution process and changes in the commencement date, noted the bench consisting of judicial member Lakshmi Gurung and technical member Charanjeet Singh

Asian Hotels (West) to undergo insolvency proceedings

The bankruptcy court admitted an insolvency case against Asian Hotels (West), which operates the Hyatt Regency hotel near the Mumbai airport, on a petition filed by JM Financial Asset Reconstruction Company (ARC). The Delhi bench of the National Company Law Tribunal admitted the company on September 16 and appointed Sapan Mohan Garg as an interim resolution professional Yes Bank, the