Appellate Tribunal

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Appellate Tribunal - Total results - 18
NCLAT asks CCI to probe against Flipkart over allegations of unfair practices; says vendors' body successfully presented case
Business

NCLAT asks CCI to probe against Flipkart over allegations of unfair practices; says vendors' body successfully presented case

The AIOVA alleged abuse of market dominance against Flipkart India, which is into wholesale trading/distribution of books, mobiles, computers and related accessories, and e-commerce marketplace Flipkart Internet.

NCLAT rejects IFCI plea against ACCIL Hospitality, says can't seek fresh insolvency plea against corporate guarantor
Business

NCLAT rejects IFCI plea against ACCIL Hospitality, says can't seek fresh insolvency plea against corporate guarantor

IFCI had filed petition to initiate insolvency proceedings against ACCIL Hospitality, which had extended a corporate guaranty for Asian Colour Coated Ispat Limited.

Insolvency process to be limited to real estate project concerned, not other group projects of developers: NCLAT
Business

Insolvency process to be limited to real estate project concerned, not other group projects of developers: NCLAT

NCLATsuggested there should be "reverse corporate insolvency resolution process" in such cases, where insolvency process is initiated against a realty company, no home buyer can approach NCLT or NCLAT to seek refunds.

Telecom woes: Vodafone Idea to approach govt for relief, waiver of interest, penalty
Business

Telecom woes: Vodafone Idea to approach govt for relief, waiver of interest, penalty

Facing over Rs 21,000 crore liability in interest and penalty alone after a Supreme Court ruling on the definition of telecom revenues, Vodafone Idea on Friday said it will approach the government for relief, including a waiver of interest and penalties

Vodafone Idea shares crumble over 27% in intra-day trade after Supreme Court order
Business

Vodafone Idea shares crumble over 27% in intra-day trade after Supreme Court order

Shares of Vodafone Idea crashed over 27 percent during the day on Thursday after the Supreme Court allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from telecom service providers

Supreme Court rules against telcos: Will have to pay Centre Rs 92,000 cr; Airtel may end up paying over Rs 21,000 cr, Vodafone Rs 20,000 cr
Business

Supreme Court rules against telcos: Will have to pay Centre Rs 92,000 cr; Airtel may end up paying over Rs 21,000 cr, Vodafone Rs 20,000 cr

The Supreme Court on Thursday allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from telcos

After SBI, now Axis Bank, too, protests against NCLAT order on higher payout to Essar Steel's operational creditors
Business

After SBI, now Axis Bank, too, protests against NCLAT order on higher payout to Essar Steel's operational creditors

Amitabh Chaudhry said the banks will exercise their right of taking the matter to the Supreme Court and hoped clarity can emerge in the matter from the apex court.

Appellate tribunal stays fine on NSE in unfair access case, asks bourse to transfer Rs 627 cr to SEBI account
Business

Appellate tribunal stays fine on NSE in unfair access case, asks bourse to transfer Rs 627 cr to SEBI account

The NSE would still have to comply with those fundraising restrictions, the tribunal said on Wednesday during the bourse’s appeal against SEBI’s order.

NCLAT to hear plea over moratorium on dues recovery from IL&FS, group firms on 28 Jan
Business

NCLAT to hear plea over moratorium on dues recovery from IL&FS, group firms on 28 Jan

The appellate tribunal has asked all parties including lenders to file their written submissions before it.

Delhi ravaged by own citizens, officials, says SC over issue of illegal constructions, misuse of residential premises
India

Delhi ravaged by own citizens, officials, says SC over issue of illegal constructions, misuse of residential premises

Supreme Court on Friday lamented that after being pillaged by invaders for centuries, Delhi was now being ravaged by its own citizens and officials

New bankruptcy law nets first victim, Innoventive Industries; but questions raised on its efficiency
Business

New bankruptcy law nets first victim, Innoventive Industries; but questions raised on its efficiency

The Reserve Bank of India has already told banks to push 12 of the largest defaulters into insolvency, but experts worry the framework is largely untested

ED confiscates Rs 100 cr beachside farm house of Vijay Mallya in Maharashtra
Business

ED confiscates Rs 100 cr beachside farm house of Vijay Mallya in Maharashtra

The property, spread in 17 acres, was provisionally attached by the agency last year in September under the provisions of the Prevention of Money Laundering Act (PMLA).

How PACL ran a Rs 50,000 cr ponzi scheme
Corporate

How PACL ran a Rs 50,000 cr ponzi scheme

The Securities and Exchange Board of India(Sebi) in an order issued on August 23, 2014, banned Delhi based PACL, from collecting any more money from investors. Sebi also asked PACL to refund the money to investors over the next three months.<br />

PACL to move SAT against Sebi order to refund Rs 49100 crore to investors
Corporate

PACL to move SAT against Sebi order to refund Rs 49100 crore to investors

Facing a Sebi order with charges of running an illicit money pooling scheme worth about Rs 50,000 crore, Pearl Agrotech Corporation (PACL) on Sunday said it will approach the Securities Appellate Tribunal (SAT) against the directive of the capital markets regulator.<br />

Magnetic pillows to a Rs 50,000 cr empire: How PACL, Nirmal Singh Bhangoo made it big
Corporate

Magnetic pillows to a Rs 50,000 cr empire: How PACL, Nirmal Singh Bhangoo made it big

There have been many ponzi schemes in India's history and then there's Pearls Agrotech Corporation Limited, better known as PACL.

Will go to appellate tribunal against Sebi's order to refund Rs 50,000 cr, says PACL
Corporate

Will go to appellate tribunal against Sebi's order to refund Rs 50,000 cr, says PACL

PACL said it "would also like to remind its customers that it has always kept their interest paramount and would continue to do so". <br />

TDSAT asks BSNL not to encash bank guarantees of Loop
Business

TDSAT asks BSNL not to encash bank guarantees of Loop

It also gave two weeks time to Loop Telecom to file rejoinder within two weeks and posted the matter on 17 July for the next hearing.

Finally! A consumer-friendly real estate act
Economy

Finally! A consumer-friendly real estate act

The draft Act will, without a doubt, help in consumers making informed decisions on what is almost certainly the most significant investment that they make.