National Company-law-appellate-tribunal

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National Company-law-appellate-tribunal - Total results - 86
NCLAT Chennai bench to start functioning from March 18 from Delhi as infrastructure insufficient
Business

NCLAT Chennai bench to start functioning from March 18 from Delhi as infrastructure insufficient

The Chennai bench, which comprises judicial member Justice M Venugopal and Member (Technical) Kanthi Narahari, would start hearing of appeals filed from 18 March, 2020, from Delhi.

NCLAT accepts fresh 'pro-rata distribution' framework for IL&FS creditors; says resolution should be 'fair and equitable'
Business

NCLAT accepts fresh 'pro-rata distribution' framework for IL&FS creditors; says resolution should be 'fair and equitable'

The NCLAT has also directed to complete the resolution plan according to the revised framework as suggested by the central government within 90 days

NCLAT sets aside CAIT plea against CCI nod to Walmart's $16-billion acquisition of Flipkart
Business

NCLAT sets aside CAIT plea against CCI nod to Walmart's $16-billion acquisition of Flipkart

The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition filed by traders' body CAIT against CCI nod to Walmart's $16-billion acquisition of Flipkart

Govt approaches NCLAT; seeks additional 270 days to complete resolution for 105 IL&FS group companies
Business

Govt approaches NCLAT; seeks additional 270 days to complete resolution for 105 IL&FS group companies

Certain protection and reliefs were granted to the 55 entities through an order passed by the National Company Law Appellate Tribunal (NCLAT) on 15 October, 2018

NCLAT rejects Saregama India plea to initiate insolvency against Chennai-based movie producer
Business

NCLAT rejects Saregama India plea to initiate insolvency against Chennai-based movie producer

The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Saregama India Ltd to initiate insolvency proceedings against Chennai-based Home Movie Makers observing that it is not a financial creditor under the Insolvency and Bankruptcy Code (IBC)

Bhushan Power and Steel insolvency case: NCLAT asks ED, MCA to reach consensus on attachment of  assets
Business

Bhushan Power and Steel insolvency case: NCLAT asks ED, MCA to reach consensus on attachment of assets

The National Company Law Appellate Tribunal (NCLAT) on Friday asked the divergent Enforcement Directorate and the Ministry of Corporate Affairs to discuss and reach a consensus on the attachment of assets of Bhushan Power and Steel (BSPL)

IL&FS approaches NCLAT seeking release of Rs 145 cr held by Gujarat discom
Business

IL&FS approaches NCLAT seeking release of Rs 145 cr held by Gujarat discom

Debt-ridden firm IL&FS has approached the National Company Law Appellate Tribunal (NCLAT) seeking the release of around Rs 145 crore held by Gujarat Urja Vikas Nigam

IL&FS fraud case: NCLAT refuses to stay NCLT hearing against auditing firm Deloitte Haskins & Sells
Business

IL&FS fraud case: NCLAT refuses to stay NCLT hearing against auditing firm Deloitte Haskins & Sells

The Ministry of Corporate Affairs in June moved NCLT seeking a five-year ban on these auditors in the IL&FS fraud case

Jet Airways crisis: Dutch bankruptcy administrator moves NCLAT; next hearing on 21 August
Business

Jet Airways crisis: Dutch bankruptcy administrator moves NCLAT; next hearing on 21 August

Dutch bankruptcy administrator on Friday moved the National Company Law Appellate Tribunal (NCLAT) on the Jet Airways matter, which has agreed to hear the case here

NCLAT reserves order on admission of contempt plea filed against Anil Ambani, other officials
Business

NCLAT reserves order on admission of contempt plea filed against Anil Ambani, other officials

The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order over the admission of a contempt petition filed against Reliance Group Chairman Anil Ambani and its other officials by minority shareholders alleging non-payment of dues by Reliance Infratel

NCLAT asks Amtek Auto lenders to consider the resolution plans submitted by Deccan Value Investors
Business

NCLAT asks Amtek Auto lenders to consider the resolution plans submitted by Deccan Value Investors

NCLAT bench slammed the committee of creditors (CoC) of Amtek Auto for issuance of fresh information memorandum inviting new resolution plans.

IL&FS board extends deadline for claims submission to 20 June after NCLAT order
Business

IL&FS board extends deadline for claims submission to 20 June after NCLAT order

IL&FS said the new board initiated a comprehensive claims management process for 70 group entities through the launch of pan-India public notices on 22 May

NCLAT asks IL&FS group companies upgraded to 'green' category from 'amber' to start paying debts
Business

NCLAT asks IL&FS group companies upgraded to 'green' category from 'amber' to start paying debts

Companies under the green category will be those that continue to meet their payment obligations

Jaypee Infratech insolvency: Adani Group offers Rs 500 cr upfront in fresh bid; creditors to meet on 30 May
Business

Jaypee Infratech insolvency: Adani Group offers Rs 500 cr upfront in fresh bid; creditors to meet on 30 May

Jaypee Infratech's financial creditors, which include bankers and homebuyers, will meet on 30 May to discuss bids by NBCC and Adani Group

NCLAT reserves order on petitions against ArcelorMittal's Rs 42,000-crore takeover bid of Essar Steel
Business

NCLAT reserves order on petitions against ArcelorMittal's Rs 42,000-crore takeover bid of Essar Steel

A two-member bench asked all parties, including ArcelorMittal, to file their written submissions over their submissions by Wednesday

NCLAT to hear online vendors' plea against CCI order on Flipkart, lists matter for hearing on 30 July
Business

NCLAT to hear online vendors' plea against CCI order on Flipkart, lists matter for hearing on 30 July

NCLAT has also approved the delay of 12 days in filing appeal (By the association) against the order of the Competition Commission of India (CCI)

NCLAT annuls lenders' voting on state-owned NBCC's bid to acquire debt-laden Jaypee Infratech
Business

NCLAT annuls lenders' voting on state-owned NBCC's bid to acquire debt-laden Jaypee Infratech

Homebuyers and lenders of Jaypee Infratech on Thursday started voting on NBCC's bid to acquire Jaypee group's realty firm and complete the construction of over 20,000 flats.

Daily Bulletin: EC's Article 324 comes to force at 10 pm today in West Bengal; Modi, Mamata to hold rallies on last day of campaigning; day's top stories
India

Daily Bulletin: EC's Article 324 comes to force at 10 pm today in West Bengal; Modi, Mamata to hold rallies on last day of campaigning; day's top stories

Today's top stories: Narendra Modi, Mamata Banerjee will both hold rallies on what is now the last day of campaigning in West Bengal after EC's Article 324 order; Rahul Gandhi will visit the Alwar rape survivor's family; and more.

NCLAT admits HUDCO's intervention plea claiming Rs 195 cr dues from Vikram Bakshi
Business

NCLAT admits HUDCO's intervention plea claiming Rs 195 cr dues from Vikram Bakshi

The National Company Law Appellate Tribunal (NCLAT) on Wednesday admitted the intervention plea filed by state-owned HUDCO claiming dues of Rs 195 crore from Vikram Bakshi, the estranged India partner of US-based McDonald's

RCom withdraws plea against NCLT order allowing insolvency resolution process against the company
Business

RCom withdraws plea against NCLT order allowing insolvency resolution process against the company

RCom in May last year had filed a petition before the NCLAT against the NCLT order on a plea by global telecom gear maker Ericsson