Nclat

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Nclat - Total results - 277
NCLAT gives conditional go-ahead to NBCC for acquiring Jaypee Infratech; asks IRP to form interim monitoring committee
Business

NCLAT gives conditional go-ahead to NBCC for acquiring Jaypee Infratech; asks IRP to form interim monitoring committee

In its bid, the NBCC had proposed to complete over 20,000 pending flats in housing projects launched by Jaypee Infratech in Noida and Greater Noida (Uttar Pradesh).

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

NCLAT upholds CCI order on Adani Gas for abuse of dominant position in supply of piped natural gas
Business

NCLAT upholds CCI order on Adani Gas for abuse of dominant position in supply of piped natural gas

The NCLAT has upheld the fair trade regulator CCI's order, holding Adani Gas Limited (AGL) "guilty of of abuse of dominant position" while supplying piped natural gas to industrial customers in Faridabad

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks
Business

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks

On 29 July, the NCLAT stayed the order of the Mumbai bench of the NCLT to implead the auditors and the independent directors of IL&FS.

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.

NBCC gets NCLT nod to acquire debt-laden Jaypee Infratech; state-run firm to complete about 20,000 pending flats
Business

NBCC gets NCLT nod to acquire debt-laden Jaypee Infratech; state-run firm to complete about 20,000 pending flats

NBCC's proposal was approved by the lenders in the third round of bidding process to find a buyer for Jaypee Infratech.

NCLAT sets aside insolvency case against Flipkart; asks IRP to return e-commerce major's records, assets to promoter
Business

NCLAT sets aside insolvency case against Flipkart; asks IRP to return e-commerce major's records, assets to promoter

On 24 October 2019, the Bengaluru Bench of the National Company Law Tribunal (NCLT) had admitted the insolvency plea filed by Cloudwalker Streaming Technologies, an operational creditor of Flipkart.

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.

Cyrus Mistry files appeal in Supreme Court; says his family deserved more relief from NCLAT
Business

Cyrus Mistry files appeal in Supreme Court; says his family deserved more relief from NCLAT

Less than a month after the Supreme Court stayed an order reinstating him as Tata Sons chairman, Cyrus Mistry has moved the apex court seeking removal of many anomalies in the NCLAT order, saying his family deserved more relief from the tribunal

NCLAT allows JSW Steel to acquire Bhushan Power for Rs 19,700 cr; grants immunity from prosecution by ED
Business

NCLAT allows JSW Steel to acquire Bhushan Power for Rs 19,700 cr; grants immunity from prosecution by ED

A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immuned from the acts done by the former promoters of Bhushan Power & Steel.

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

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.

Tata-Mistry: Supreme Court stays NCLAT order dismissing RoC plea seeking modification of verdict
Business

Tata-Mistry: Supreme Court stays NCLAT order dismissing RoC plea seeking modification of verdict

The Supreme Court Friday stayed the order of appellate tribunal NCLAT which had dismissed the plea of Registrar of Companies seeking modification of its verdict in the Tata-Cyrus Mistry case

Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group
Business

Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group

Tata Sons counsel Aryaman Sundaram said the group did not Mistry to be reinstated as the chairman of the group.

Supreme Court to hear Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman today
Business

Supreme Court to hear Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman today

Tata Sons has challenged the 18 December decision of the National Company Law Appellate Tribunal (NCLAT) that gave a big relief to Cyrus Investment Pvt Ltd and Mistry, restoring him as the executive chairman of Tata Sons

Supreme Court to hear on Friday Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman
Business

Supreme Court to hear on Friday Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman

In the last three years, both in conduct and in their statements to the world at large, Tata Group's leadership has shown scant respect for the rights of minority shareholders, Mistry said.

Tata-Mistry case: Supreme Court likely to hear Tata Sons plea against NCLAT decision on 10 January
Business

Tata-Mistry case: Supreme Court likely to hear Tata Sons plea against NCLAT decision on 10 January

Tata Sons Private Ltd (TSPL) preferred not to mention in the Supreme Court on Monday its petition challenging the NCLAT decision restoring Cyrus Mistry as executive chairman of the Tata group

'You both are leaders in the industry, why don't you talk and resolve the issue', Supreme Court tells Ratan Tata, Nusli Wadia
Business

'You both are leaders in the industry, why don't you talk and resolve the issue', Supreme Court tells Ratan Tata, Nusli Wadia

The Supreme Court asked Tata and Wadia to reach an amicable solution in the defamation case that the latter filed against the Tata Group patriarch

Cyrus Mistry says not interested in getting back to Tata Group in any capacity; to pursue options to protect rights as minority shareholder
Business

Cyrus Mistry says not interested in getting back to Tata Group in any capacity; to pursue options to protect rights as minority shareholder

Cyrus Mistry, the ousted Tata Sons chairman, said he has taken the decision in the overall interest of the Tata group, whose interests are far more important than those of any individual

From PILs challenging CAA, abrogation of Article 370 to pleas seeking stay on electoral bonds, Supreme Court has a hectic month ahead
India

From PILs challenging CAA, abrogation of Article 370 to pleas seeking stay on electoral bonds, Supreme Court has a hectic month ahead

January is set to be an extremely busy month for the Supreme Court of India when the bench assembles on Monday after a long winter break. Among some key cases slated for hearing include PILs challenging the constitutional validity of CAA, the abrogation of Article 370 as well as a plea seeking a stay on the electoral bond scheme