Search Results for Tag : CLAT
Notifications & Circulars
Finance Minister Smt Nirmala Sitharaman inaugurates the Chennai Bench of National Company Law Appellate Tribunal(25.01.2021)
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Chennai Bench of National Company Law Appellate Tribunal (NCL.....
Tags : Inauguration, Chennai Bench, NCLAT
News
NCLAT: Guarantors’ Assets Cannot be Liquidated Under IBC(08.03.2018)
National Company Law Appellate Tribunal (NCLAT) has ruled that personal assets of guarantors, who in most cases are promoters, cannot be liquidated in.....
Tags : NCLAT, IBC
COMPANY - NCLAT Admits RBI Petition on IL&FS NPA Rule(20.03.2019)
National Company Law Appellate Tribunal (NCLAT) has admitted Reserve Bank of India's plea seeking modification of February 25 order of appellate tribu.....
Tags : NCLAT, IL&FS
INSOLVENCY - NCLAT Sets Aside NCLT's Liquidation Order of Jyoti Structures(22.03.2019)
National Company Law Appellate Tribunal (NCLAT) has set aside the liquidation order of Jyoti Structures Limited and said that Mumbai bench of National.....
Tags : NCLAT, Jyoti Structures
COMPANY - Statutory Dues of Companies are Operational Debt: NCLAT(22.03.2019)
National Company Law Appellate Tribunal (NCLAT) has held that statutory liability, including income tax and value added tax dues, of debt-ridden compa.....
Tags : NCLAT, Statutory Dues of Companies, Operational Debt
INSOLVENCY - NCLAT Directs Fresh Essar Steel CoC Meet on Funds Distribution(22.03.2019)
National Company Law Appellate Tribunal (NCLAT) has asked resolution professional of Essar Steel India to call a fresh meeting of committee of credito.....
Tags : NCLAT, Essar Steel
INSOLVENCY - I-T Department, Other Tax Agencies can Initiate Insolvency: NCLAT(22.03.2019)
National Company Law Appellate Tribunal (NCLAT) has held that Income Tax department of central government and other local authorities “who are entitle.....
Tags : NCLAT, Income Tax Department, Insolvency
Supreme Court Refuses to Stay Announcement of CLAT-2018 Results(31.05.2018)
Supreme Court has cleared the decks for declaration of results of the Common Law Admission Test (CLAT) 2018 for admissions in 19 prestigious national .....
Tags : Supreme Court, CLAT
Supreme Court Refuses to Stay Announcement of CLAT-2018 Results(31.05.2018)
Supreme Court has cleared the decks for declaration of results of the Common Law Admission Test (CLAT) 2018 for admissions in 19 prestigious national .....
Tags : Supreme Court, CLAT
NCLAT Okays Vedanta Plans to Buy Electrosteel(31.05.2018)
National Company Law Appellate Tribunal (NCLAT)has allowed Vedanta Limited to acquire Electrosteel Steels by depositing the up-front payment of Rs. 5,.....
Tags : NCLAT, Vedanta
NCLAT Stays Insolvency Proceedings Against RCom(31.05.2018)
National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against the debt-laden company, paving the way for sale of RCom’s a.....
Tags : NCLAT, RCom
NCLAT Asks Tata to Clarify Stand on Bhushan Steel’s Dues(31.05.2018)
National Company Law Appellate Tribunal (NCLAT) has asked Tata Steel Ltd to file an affidavit stating provisions in the resolution plan, if any, on th.....
Tags : NCLAT, Bhushan Steel
Supreme Court Refuses to Stay CLAT, 2018 Counselling(07.06.2018)
Supreme Court has refused to stay the counselling process for admissions to 19 national law schools across the country under the Common Law Admission .....
Tags : Supreme Court, CLAT
Shareholders can Apply for Settlement Approval with Creditors Even After Liquidator Appointed: NCLAT(16.04.2019)
National Company Law Appellate Tribunal has held that shareholders/promoters of a company can file application for approval of settlement with credito.....
Tags : NCLAT, Settlement Approval, Official Liquidator
COMPANY - Notice of NCLAT Appeal to be Served Regardless of Supply of Advance Copy of Appeal Paper Book: SC(12.03.2019)
Supreme Court has observed that stipulation of service of notice on other side, pursuant to issuance of notice by National Company Law Appellate Tribu.....
Tags : NCLAT, Notice of NCLAT Appeal, Supply of Advance Copy of Appeal Paper Book
COMPANY - NCLAT Slams RCom's Lender SBI over Rs. 37,000 Crore Asset Sale(12.03.2019)
National Company Law Appellate Tribunal has slammed lenders of Reliance Communications, State Bank of India, for painting a rosy picture of Anil Amban.....
Tags : NCLAT, State Bank of India, Reliance Communication
COMPANY - Don't Hand Over Bafna Pharma to Promoter: NCLAT(12.03.2019)
National Company Law Appellate Tribunal (NCLAT) has ordered monitoring committee for Chennai-based Bafna Pharmaceuticals Ltd. to not to hand over poss.....
Tags : NCLAT, Bafna Pharma
INSOLVENCY - NCLAT Warns RCom May Land Back in Insolvency Unless Dues are Cleared(14.03.2019)
National Company Law Appellate Tribunal (NCLAT) has warned lenders to Reliance Communications that their failure to release tax refunds to clear telc.....
Tags : NCLAT, Reliance Communication
INSOLVENCY - NCLAT Warns RCom May Land Back in Insolvency Unless Dues are Cleared(14.03.2019)
National Company Appellate Tribunal (NCLAT) has warned lenders to Reliance Communications that their failure to release tax refunds to clear telco's d.....
Tags : NCLAT, Reliance Communication
INSOLVENCY - NCLAT Asks Ruias to First Clear Dues to Consider its bid for Essar Steel(15.03.2019)
National Company Law Appellate Tribunal (NCLAT) has directed promoters of Essar Steel to pay their dues, as per the orders of the Supreme Court, sayin.....
Tags : NCLAT, Ruias, Essar Steel
SC Imposes Rs 25,000 Fine on Bar Council of India over CLAT(16.08.2016)
Supreme Court has imposed a fine of Rs 25,000 on Bar Council of India, the apex body for lawyers, for failing to respond to a plea seeking setting up .....
Tags : Supreme Court, CLAT, Bar Council of India
Consider 1st Batch of Resolution Plans in Bhushan Power Case: NCLAT to CoC(31.07.2018)
National Company Law Appellate Tribunal (NCLAT) has said that the Committee of Creditors (CoC) should consider the first batch of resolution plans im .....
Tags : NCLAT, Bhushan Power
Consider 1st Batch of Resolution Plans in Bhushan Power Case: NCLAT to CoC(31.07.2018)
National Company Law Appellate Tribunal (NCLAT) has said that the Committee of Creditors (CoC) should consider the first batch of resolution plans im .....
Tags : NCLAT, Bhushan Power
NCLT Allows Merger of LLP, Private Companies(31.07.2018)
National Company Law Tribunal has given the green signal to merger of a Limited Liability Partnership with a private company.
Tags : NCLAT, LLP, Private Companies
Financial Creditor Can’t be Denied Rights If Equity Conversion Not Approved: NCLAT(01.08.2018)
National Company Law Appellate Tribunal (NCLAT) has held that the lender cannot be excluded from the CoC if the conversion of loan into equity is not .....
Tags : NCLAT, Insolvency
NCLAT Allows Bidders of Bhushan Power to Revise Offers by Monday(02.08.2018)
National Company Law Appellate Tribunal (NCLAT) has permitted all the three bidders of debt-ridden Bhushan Power & Steel Ltd -- Tata Steel, Liberty Ho.....
Tags : NCLAT, Bhushan Power
NCLAT Pulls Up Ruias, Says Interventions Delaying Essar Steel Resolution(15.05.2019)
NCLAT pulled up the Ruias for their last-minute application to reject ArcelorMittal's Rs 42,000-crore bid for Essar Steel, saying such steps were stal.....
Tags : NCLAT, Essar
NCLAT: Can't Allow McDonald's-Vikram Bakshi Deal Without Hearing Hudco(16.05.2019)
National Company Law Appellate Tribunal has said that it could not allow the McDonalds India Private Limited-Vikram Bakshi out-of-court settlement dea.....
Tags : NCLAT, McDonalds
NCLAT: Foreign Company Having No Office, Account in India Will Not Suffer in Recovering Debt(23.05.2017)
NCLAT has rejected argument that foreign companies having no office or no account in India with any “financial institution” will suffer in recovering .....
Tags : NCLAT, Foreign Company
NCLAT Asks Numetal, ArcelorMittal to Tell Why Their Bids for Essar Steel Should be Considered(18.07.2018)
National Company Law Appellate Tribunal (NCLAT) has directed Numetal Ltd and ArcelorMittal India Ltd, which were disqualified under Section 29(A) of I.....
Tags : NCLAT, Numetal, ArcelorMittal
NCLAT Stays Bhushan Power Lenders’ Meeting to Vote on Finalising Bids(18.07.2018)
NCLAT has stayed the meeting of Committee of Creditors of Bhushan Power and Steel Ltd. to vote on finalisation of bids for the debt-ridden firm.
Tags : NCLAT, Bhushan Power
Give Bhushan Resolution Plan Details: NCLAT to Tata Steel(24.07.2018)
National Company Law Appellate Tribunal (NCLAT )has asked Tata Steel to furnish a detailed plan as to how it proposes to distribute the amount earmark.....
Tags : NCLAT, Insolvency
NCLAT Allows CCI Penalty of Rs 6,300 Crore on Cement Companies(30.07.2018)
National Company Law Appellate Tribunal (NCLAT) has upheld Competition Commission of India's penalty of Rs 6,300 crore on 11 cement companies.
Tags : NCLAT, Cement
NCLAT Stays Lower Authority’s Order to Liquidate Sterling Biotech(04.06.2019)
National Company Law Appellate Tribunal (NCLAT) has stayed the liquidation order passed by the specific bankruptcy court against Gujarat-based Sterlin.....
Tags : NCLAT, Sterling Biotech
Supreme Court Refuses to Stay CLAT 2018 Counselling(12.06.2018)
Supreme Court has refused to order a "re-test" of the Common Law Admission Test (CLAT) 2018 or stop the counselling process for admissions in 19 natio.....
Tags : Supreme Court, CLAT
CLAT 2018: Supreme Court Directs NUALS to Award Compensatory Marks for Technical Glitches(14.06.2018)
Supreme Court has directed National University of Advanced Legal Studies, which conducts the CLAT-2018 exam, to award compensatory marks on a pro rata.....
Tags : Supreme Court, CLAT
NCLAT Allows Banks to Declare Defaulting IL&FS Accounts as NPAs(03.05.2019)
National Company Law Appellate Tribunal (NCLAT) has allowed banks to declare as non-performing assets the accounts of IL&FS and its group companies th.....
Tags : NCLAT, IL&FS
NCLAT Allows Banks to Declare Defaulting IL&FS Accounts as NPAs(03.05.2019)
National Company Law Appellate Tribunal (NCLAT) has allowed banks to declare as non-performing assets the accounts of IL&FS and its group companies th.....
Tags : NCLAT, IL&FS
NCLAT Rejects Ramco's Appeal Against Spicejet For Insolvency Proceedings(13.05.2019)
National Company Law Appellate Tribunal (NCLAT) has rejected an appeal by Ramco Systems against SpiceJet related to alleged non-payment of dues by the.....
Tags : NCLAT, Ramco
NCLAT Rules Against Ingen for Delaying Orchid Pharma Resolution Plan(13.05.2019)
National Company Law Appellate Tribunal has directed the Centre to take action against US-based investor Ingen Capital Group LLC, its managing directo.....
Tags : NCLAT, Ingen
Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)
National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....
Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code
Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)
National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....
Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code
NCLAT Stays Resolution Plan for Assam Company on SEBI Plea(26.10.2018)
National Company Law Appellate Tribunal (NCLAT) has stayed the resolution plan approved by the Guwahati Bench of National Company Law Tribunal (NCLT) .....
Tags : NCLAT, Assam Company (India) Ltd.
NCLAT Stays Resolution Plan for Assam Company on SEBI Plea(26.10.2018)
National Company Law Appellate Tribunal (NCLAT) has stayed the resolution plan approved by the Guwahati Bench of National Company Law Tribunal (NCLT) .....
Tags : NCLAT, Assam Company (India) Ltd.
NCLAT Stays NCLT's Assam Company Takeover Order(29.10.2018)
Supreme Court has ordered Central Vigilance Commissioner (CVC) to complete his inquiry into Central Bureau of Investigation director Alok Verma in two.....
Tags : NCLAT, Assam Company
NCLAT Stays NCLT's Assam Company Takeover Order(29.10.2018)
National Company Law Appellate Tribunal has stayed till the next hearing, BRS Ventures’ Rs 12.14 billion resolution plan for taking over of Assam Comp.....
Tags : NCLAT, Assam Company
NCLAT Upholds Insolvency Process Against Sahara Q Shop Unique(16.08.2019)
National Company Law Appellate Tribunal (NCLAT) has upheld the order of the National Company Law Tribunal, Mumbai directing to initiate insolvency res.....
Tags : NCLAT, Sahara
No Need to Hear Out 3rd Party During Insolvency Admission, NCLAT Tells NCLT(21.01.2019)
National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party, other than the.....
Tags : NCLAT, NCLT, Hear Out 3rd Party During Insolvency Admission
Action Will be Taken Against Firms such as Liberty House: NCLAT(23.01.2019)
National Company Law Appellate Tribunal (NCLAT) has come down hard on companies such as Liberty House Group, which successfully bid for debt-ridden fi.....
Tags : NCLAT, Liberty House
NCLAT Directs SEBI to File Reply on Revised Share Delisting Norms for Cos under Insolvency(14.11.2019)
National Company Law Appellate Tribunal has granted Securities and Exchange Board of India one "last chance" to file its reply on the revised share de.....
Tags : NCLAT, Delisting Norms
NCLAT Sets Aside Dhanuka's Resolution Plan for Debt-Laden Orchid Pharma(15.11.2019)
National Company Law Appellate Tribunal has set aside the approval of the resolution plan of Dhanuka Laboratories for Orchid Pharma.Dhanuka's plan was.....
Tags : NCLAT, Orchid Pharma
NCLAT Sets Aside NCLT Order Approving Dhanuka's Bid for Orchid Pharma(19.11.2019)
National Company Law Appellate Tribunal has rejected the bid of Dhanuka Laboratories for the debt ridden Orchid Pharma, and vacated the order passed b.....
Tags : NCLAT, Orchid Pharma
CLAT 2018 Results Shall Be Subject to Decision of Petitions Challenging It: Rajasthan HC(21.05.2018)
Rajasthan High Court has observed that if the result of the CLAT Examination is declared before the 29th May 2018, it shall be subject to the decision.....
Tags : Rajasthan High Court, CLAT
Supreme Court Orders Copy of Petition Challenging CLAT 2018 to be Served on NUALS(24.05.2018)
Supreme Court has directed that a copy of the petition challenging the Common Law Admission Test 2018 (CLAT), be served on National University of Adva.....
Tags : Supreme Court, CLAT
Calcutta High Court Stays Publication of CLAT 2018 Rank List(24.05.2018)
Calcutta High Court has passed an interim order directing the CLAT organizers not to publish any rank list till May 25, the next date of hearing.
Tags : Calcutta High Court, CLAT
Supreme Court Seeks Solution from NUALS for CLAT Complaints(24.05.2018)
Supreme Court has asked National University of Advanced Legal Studies (NUALS) to come up with a “wholesome solution” to redress the complaints against.....
Tags : Supreme Court, CLAT
NCLAT Seeks Details About 4 IL&FS Group Entities(09.04.2019)
National Company Law Appellate Tribunal has directed debt-ridden IL&FS to submit information over investment made by pension and provident funds in it.....
Tags : NCLAT, IL&FS
Ericsson May have to Refund Rs. 576 Crore to RCom: NCLAT(09.04.2019)
National Company Law Appellate Tribunal has said that Swedish equipment maker Ericsson would have to refund Rs. 576 crore including interest to Relian.....
Tags : NCLAT, Ericson, Reliance Communications
NCLAT Rejects RNA Plea Against Insolvency Proceedings(11.02.2020)
National Company Law Appellate Tribunal has rejected a plea challenging initiation of insolvency proceedings against realty developer RNA Corporation......
Tags : NCLAT, RNA Plea
NCLAT Approves UltraTech Cement’s Revised Resolution Plan for Binani Cement(15.11.2018)
National Company Law Appellate Tribunal (NCLAT) has approved the revised resolution plan submitted by Ultratech Cement for debt-ridden Binani Cement.
Tags : NCLAT, Binani Cement, Ultratech
Corporate Debtor can’t Maintain Appeal Under Insolvency & Bankruptcy Code: NCLAT(16.11.2018)
National Company Law Appellate Tribunal has dismissed an appeal filed by M/s Radius Infratel Pvt. Ltd. and held that corporate debtor cannot maintain .....
Tags : NCLAT, Insolvency & Bankruptcy Code
NCLAT: NCLT has Inherent Power to Levy Moratorium Before Starting of Corporate Insolvency Resolution(26.08.2019)
National Company Law Appellate Tribunal (NCLAT) has ruled that once an application for initiating insolvency proceedings is filed, National Company La.....
Tags : NCLAT, Insolvency
NCLAT:Financial Creditor Cannot Question Insolvency Proceedings Started by Another Financial Creditor(26.08.2019)
National Company Law Appellate Tribunal (NCLAT) while rejecting an appeal filed by L & T Infrastructure Finance Company Ltd ruled that a Financial Cre.....
Tags : NCLAT, Financial Creditor
NCLAT Dismisses Govt Claims of 314 Million Dollars from Videocon for Ravva offshore(02.09.2019)
National Company Law Appellate Tribunal (NCLAT) has dismissed the oil ministry's plea seeking 314 million dollars (around Rs 2,245 crore) from insolve.....
Tags : NCLAT, Videocon
NLU Consortium Schedules CLAT-2020 on September 7(11.08.2020)
National Law Universities Consortium has decided that CLAT-2020 will be online computer-based exam and will be conducted for both undergraduate and po.....
Tags : National Law Universities Consortium, CLAT-2020
NCLAT Says Numetal’s Second Bid For Essar Valid(10.09.2018)
NCLAT has ruled that Numetal's second bid for Essar qualifies and that Arcelor Mittal can bid for the steelmaker if it clears the dues of its subsidia.....
Tags : NCLAT, Essar
NCLT/NCLAT Shouldn't Interfere in Insolvency Resolution Proceedings: Supreme Court(14.09.2018)
Supreme Court has said that NCLT and NCLAT should refrain from interfering in insolvency resolution proceedings by the Interim Resolution Professional.....
Tags : Supreme Court, NCLT, NCLAT
NCLAT Opens Doors for Adani, Others to Bid for Jaypee Infratech(18.07.2019)
National Company Law Appellate Tribunal (NCLAT) has asked the counsel for lenders of Jaypee Infratech to provide terms and conditions for new resoluti.....
Tags : NCLAT, Jaypee Infratech
NCLAT Approves IL&FS to Sell Remaining 51% Stake in 7 Wind Energy Arms to Japan's Orix Corp(23.07.2019)
National Company Law Appellate Tribunal (NCLAT) has approved the cash strapped Infrastructure Leasing and Financial Services (IL&FS) for the proposed .....
Tags : NCLAT, IL&FS
RCom default: NCLAT Rejects Contempt Petition Against Anil Ambani(24.07.2019)
National Company Law Appellate Tribunal (NCLAT) has rejected contempt petitions filed against Reliance Group Chairman Anil Ambani and other officials .....
Tags : NCLAT, Anil Ambani
NCLAT: Claims of Homebuyers Reflected in Corporate Debtor Records Must be Shown in Information Memo(03.06.2022)
National Company Law Appellate Tribunal (NCLAT) Principal bench has held that the claims of those homebuyers who could not file their claims within st.....
Tags : NCLAT, Homebuyers, Corporate Debtor
NCLAT: Pension, Gratuity, PF not Incorporated in Liquidation Assets(20.08.2019)
National Company Law Appellate Tribunal (NCLAT) has upheld the view taken by National Company Law Tribunal, Principal Bench that provident fund, pensi.....
Tags : NCLAT, Pension
IL&FS Case: NCLAT Declines Interim Relief to Deloitte and BSR Associates(21.08.2019)
National Company Law Appellate Tribunal (NCLAT) has refused to give interim relief to IL&FS auditors Deloitte and BSR Associates regarding the move to.....
Tags : NCLAT, IL&FS
NCLAT Seeks Jet lenders' Reply on Dutch Insolvency Administrator's Plea(22.08.2019)
National Company Law Appellate Tribunal (NCLAT) has asked the Committee of Creditors of Jet Airways if they would coordinate with a Dutch Court appoin.....
Tags : NCLAT, Dutch
McDonald’s Case: NCLAT Grants Bakshi Four Weeks to Settle Hudco’s Dues(23.08.2019)
National Company Law Appellate Tribunal (NCLAT) has given an ultimatum to Vikram Bakshi, the erstwhile joint-venture partner of US burger chain McDona.....
Tags : NCLAT, Bakshi
NCLAT Upholds Imposition of Rs. 200 Crores Penalty on Amazon by CCI(14.06.2022)
National Company Law Appellate Tribunal (NCLAT) has upheld the order passed by Competition Commission of India (CCI) whereby Amazon was directed to pa.....
Tags : NCLAT, CCI, Competition Act, Penalty
NCLAT Sets Aside Sterling Biotech Liquidation(04.09.2019)
National Company Law Appellate Tribunal (NCLAT) has set aside a lower court order to liquidate debt-ridden Sterling Biotech, permitting its promoters .....
Tags : NCLAT, Sterling Biotech
NCLAT Stays Formation of HDIL Committee of Creditors(04.09.2019)
National Company Law Appellate Tribunal (NCLAT) in a partial relief to listed realty developer Housing Development & Infrastructure Ltd (HDIL) has sta.....
Tags : NCLAT, HDIL
NCLAT Upholds NCLT Order to Initiate Insolvency Against Aditya Estates(09.09.2019)
National Company Law Appellate Tribunal (NCLAT) has rejected a plea challenging National Company Law Tribunal’s (NCLT's) order to initiate insolvency .....
Tags : NCLAT, Aditya Estates
NCLAT: IBC Proceedings Valid Even if Company's Name Struck Off From Register(13.09.2019)
National Company Law Appellate Tribunal (NCLAT) has reiterated that an application under Section 7 and 9 of the Insolvency and Bankruptcy Code, 2016 f.....
Tags : NCLAT, IBC
Delhi HC Rejects Plea Seeking Home-Based Exam for CLAT 2020(17.09.2020)
Delhi High Court has dismissed a plea seeking a home-based exam for CLAT 2020, noting that home-based exams may not be appropriate for approximately 7.....
Tags : Delhi High Court, CLAT 2020
NCLAT: Members Can't Transfer Case to Another Bench in Another Place After Recusal from Hearing(07.07.2022)
National Company Law Appellate Tribunal (NCLAT), has held that if Members of NCLT Bench recuse from hearing a case, they cannot transfer the same to a.....
Tags : NCLAT, Recusal, Transfer
Insolvency can be Triggered Against Unincorporated Joint Ventures: NCLAT(03.12.2018)
NCLAT has held in a case related to AMB Infrabuild Pvt. Ltd. and Earth Galleria Pvt. Ltd. that insolvency can be triggered against an unincorporated j.....
Tags : NCLAT, Unincorporated Joint Ventures, Insolvency
NCLT can’t Decide Legality of a Foreign Decree: NCLAT(05.12.2018)
National Company Law Appellate Tribunal has held that NCLT, the ‘adjudicating authority’ under the Insolvency and Bankruptcy Code, was not a ‘court’ o.....
Tags : NCLAT, NCLT, Foreign Decree
Application Under Sec. 7 of IBC can’t be Admitted After Settlement Between Parties: NCLAT(06.12.2018)
National Company Law Appellate Tribunal has declared admission of application under Section 7 of the Insolvency and Bankruptcy Code after settlement b.....
Tags : NCLAT, Section 7 of Insolvency and Bankruptcy Code
NCLAT Upholds Verdict to Review Reliance & JM bid for Alok Industries(06.12.2018)
National Company Law Appellate Tribunal (NCLAT) has upheld the order issued by the National Company Law Tribunal (NCLT) directing the resolution profe.....
Tags : NCLAT, Alok Inndustries
McDonald’s Case: NCLAT Directs Vikram Bakshi to Deposit Rs 5 Cr for Permission to Travel Abroad(24.10.2019)
National Company Law Appellate Tribunal has directed Vikram Bakshi, the estranged partner of McDonald’s, to deposit Rs 5 crore as security deposit for.....
Tags : NCLAT, McDonalds
NCLAT: OTS Proposal is an Acknowledgement of Debt Under Section 18 of Limitation Act(22.07.2022)
National Company Law Appellate Tribunal (NCLAT), New Delhi Bench has held that a One Time Settlement (OTS) proposal falls within the definition of 'ac.....
Tags : NCLAT, Limitation, One Time Settlement
Kerala HC: CLAT-PG Test Ranking Can be Used to Select NTPC Law Officers(25.07.2022)
Kerala High Court has held that the condition mandating applicants to clear CLAT for applying to the post of Assistant Law Officer in National Thermal.....
Tags : Kerala High Court, CLAT-PG, NTPC
IL&FS Should Pay 80% Dues of Small Creditors: NCLAT(17.04.2019)
National Company Law Appellate Tribunal (NCLAT) has observed that IL&FS should distribute funds to small creditors, in a manner that 80 per cent of th.....
Tags : NCLAT, IL&FS
Promoter too can Seek Revival During Liquidation: NCLAT(18.04.2019)
National Company Law Appellate Tribunal (NCLAT) has held that erstwhile promoter of a company undergoing liquidation under old Companies Act among its.....
Tags : NCLAT, Revival, Liquidation
IBBI is Competent Body to Act Against Resolution Professionals: NCLAT(22.04.2019)
National Company Law Appellate Tribunal has said that Insolvency and Bankruptcy Board of India (IBBI) will be competent authority and not National Com.....
Tags : NCLAT, IBBI, resolution professional
IBBI is Competent Body to Act Against Resolution Professionals: NCLAT(22.04.2019)
National Company Law Appellate Tribunal has said that Insolvency and Bankruptcy Board of India (IBBI) will be competent authority and not National Com.....
Tags : NCLAT, IBBI, Resolution Professional
Gujarat HC Issues Notice on PIL Plea Seeking Establishment of NCLAT Bench at Ahmedabad(21.01.2022)
Gujarat High Court has issued a notice to the Central Government on a Public Interest Litigation (PIL) plea filed seeking the establishment of a circu.....
Tags : Gujarat High Court, Establishment of NCLAT Bench at Ahmedabad
NCLAT: Initiation Of CIRP Not A Pre-Requisite To Initiate IRP Against The Personal Guarantor(28.01.2022)
NCLAT has held that initiation of Corporate Insolvency Resolution Process is not a pre-requisite to initiate Insolvency Resolution Process (IRP) again.....
Tags : Insolvency and Bankruptcy Code, NCLAT, Corporate Insolvency Resolution Process
Delhi HC: Parties Can’t be Referred to Arbitration When Moratorium Issued by NCLAT(23.12.2022)
Delhi High Court has held that moratorium granted by NCLAT after resolution process is initiated against it is akin to an order of moratorium passed u.....
Tags : Delhi High Court, Moratorium, NCLAT, Arbitration, IBC
NCLAT Annuls Creditors' Voting on NBCC's Bid for Jaypee Infratech(20.05.2019)
National Company Law Appellate Tribunal has annulled voting by the Committee of Creditors of Jaypee Infratech Limited on a bid submitted by NBCC (Indi.....
Tags : NCLAT, NBCC
Essar Steel: NCLAT Probes 'Magical Accounting' by ArcelorMittal, CoC(22.05.2019)
National Company Law Appellate Tribunal has observed that the Committee of Creditors (CoC) of Essar Steel India Ltd and ArcelorMittal had done some ‘m.....
Tags : NCLAT, Essar Steel
Supreme Court: Admissions to Law Courses in GGSIPU Will Be Through CLAT(22.05.2019)
Supreme Court has held that admissions to law courses in Delhi Government's Guru Gobind Singh Indraprastha University (GGSIPU) for the 2019-20 academi.....
Tags : Supreme Court, CLAT
SC Directs Centre to Complete Process of Reappointment of NCLT and NCLAT Members at Earliest(01.06.2021)
Supreme Court has directed the Central government to complete the process of reappointment of members of National Company Law Tribunal and National Co.....
Tags : Supreme Court, Reappointment of NCLT and NCLAT Members
SC: Judiciary has to Modernize and Adapt to Technology(09.05.2023)
Supreme Court has observed that if some judges are uncomfortable with e-files, answer is to provide them training and not to continue with old and out.....
Tags : Supreme Court, NCLAT, e-files
SC: Limitation Period for Filing Appeal to NCLAT Doesn’t Include Date of Order/Pronouncement/Time(10.05.2023)
Supreme Court has held that the date of pronouncement of order and time taken by tribunal to provide certified copy of order must be excluded while co.....
Tags : Supreme Court, Limitation Period, NCLAT
Kerala HC Strikes Down Need for CLAT Clearance for NTPC Law Officer Selection(16.06.2022)
Kerala High Court has held that the need for applicants to compulsorily clear the Common Law Admission Test (CLAT) to be eligible for the post of Assi.....
Tags : Kerala High Court, CLAT, Law Officer
SC: NCLAT Can Recall but Can’t Review its Judgment(02.08.2023)
Supreme Court has upheld NCLAT’s five-member bench ruling which held that while NCLAT is empowered to recall its judgment, it is not empowered to revi.....
Tags : Supreme Court, NCLAT, Recall, Review
NCLAT Gives Clean Chit to BMW India Over Dominance Abuse Charge(02.12.2019)
National Company Law Appellate Tribunal has rejected a petition filed by one of its BMW India’s former dealers alleging abuse of dominant position. Th.....
Tags : NCLAT, BMW
Insolvency Proceedings can be Closed on Basis of Settlement Prior to Formation of CoC: NCLAT(15.02.2019)
National Company Law Appellate Tribunal has asked the Kolkata Bench of National Company Law Tribunal to close an insolvency proceeding by accepting th.....
Tags : NCLAT, Insolvency Proceedings
NCLAT Sets Aside NCLT’s Insolvency Order Against ECL(15.02.2019)
National Company Law Appellate Tribunal (NCLAT) has set aside an order by Kolkata bench of National Company Law Tribunal which allowed initiation of i.....
Tags : NCLAT, NCLT, Coal India
Allahabad HC Issues Notice on Plea for Establishment of Regional NCLAT Bench in Prayagraj(15.02.2021)
Allahabad High Court has issued notice on a Public Interest Litigation filed by Company Law Tribunal Bar Association, Allahabad, seeking establishment.....
Tags : Allahabad High Court, Establishment of Regional NCLAT Bench
Del HC to DU on its Decision to Allow Admission for 5 Year Law on Basis of CLAT: You Are Not Special(17.08.2023)
Delhi High Court while observing that under NEP, once decision is taken by Centre that admissions are to be done in Central Universities only on the b.....
Tags : Delhi High Court, Delhi University, CLAT, Admission
Supreme Court Dismisses Dalmia Petition Challenging NCLAT Order on Binani Cement(20.11.2018)
Supreme Court has dismissed Dalmia Bharat’s plea challenging National Company Law Appellate Tribunal’s order allowing UltraTech Cement to acquire bank.....
Tags : Supreme Court, Binani Cement, Ultratech, NCLAT
First Time Dispute in Reply of Demand Notice Doesn't Constitute Pre Existing Dispute Under IBC: NCLAT(30.11.2018)
National Company Law Appellate Tribunal has held that a dispute raised for the first time in reply to demand notice or in response to Adjudicating Aut.....
Tags : NCLAT, Insolvency and Bankruptcy Code
NCLAT Asks Sole bidder for Jyoti Structures to Revise Resolution Plan(30.11.2018)
National Company Law Appellate Tribunal has ordered the only bidder for Mumbai-based infrastructure EPC company Jyoti Structures Ltd. to revise its re.....
Tags : NCLAT, Jyoti Structures
COMPANY - IL&FS, Arms can be Declared NPAs Only After Tribunal's Nod: NCLAT(26.02.2019)
National Company Law Appellate Tribunal (NCLAT) has ruled that accounts of Infrastructure Leasing & Financial Services (IL&FS) and its subsiadaries co.....
Tags : NCLAT, IL&FS
INSOLVENCY - NCLAT Directs NCLT Ahmedabad to Take Call on ArcelorMittal's Essar Steel Bid by March 8(01.03.2019)
National Company Law Appellate Tribunal (NCLAT) has directed NCLT Ahmedabad bench to take a decision by March 8 on the Rs 42,000-crore bid submitted b.....
Tags : NCLAT, NCLT, ArcelorMittal's Essar
NCLAT Rejects ArcelorMittal Plea Over EPC Construction(17.12.2019)
National Company Law Appellate Tribunal has rejected global steel major ArcelorMittal's petition challenging approval of Royale Partners Investment Fu.....
Tags : NCLAT, Archelor Mittal
NCLAT Restores Cyrus Mistry as Chairman of Tata Group(18.12.2019)
National Company Law Appellate Tribunal has upheld charges by Cyrus Mistry that he was improperly ousted as Chairman of the $110 billion Tata Group, p.....
Tags : NCLAT, Cyrus Mistry
NCLAT Rejects I-T Dept Plea Against Reliance Jio on Demerger of Tower and Fiber Units(26.12.2019)
National Company Law Appellate Tribunal has rejected petitions filed by the Income Tax Department, which raised objection over the approval granted to.....
Tags : NCLAT, Reliance Jio
NCLAT Excludes Period of Lockdown for Resolution Process(31.03.2020)
National Company Law Appellate Tribunal has excluded the period of lockdown for the purposes of counting resolution process under Section 12 of the In.....
Tags : NCLAT, Lockdown
NCLAT Quashes Insolvency Proceedings Against NCR Realty Firm Paramount Propbuild(29.12.2018)
National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Paramount Propbuild, noting that no notice was served to .....
Tags : NCLAT, Paramount Propbuild, Insolvency
NCLAT Disposes of Contempt Plea Against Reliance Infratel(03.01.2019)
NCLAT has disposed of a contempt plea against Reliance Infratel filed by HSBC Daisy Investments (Mauritius) and other minority shareholders over defau.....
Tags : NCLAT, Reliance Infratel
NCLT Can't Decide Inter-Se Claims by Parties Over Assets of Corporate Debtor: NCLAT(05.02.2019)
National Company Law Appellate Tribunal has held that inter-se claims by parties over assets of the corporate debtor cannot be determined by the Adjud.....
Tags : NCLAT, Inter-Se Claims by Parties Over Assets of Corporate Debtor
NCLAT Rejects Tata Steel’s Plea to Uphold its Bid for Bhushan Power(05.02.2019)
National Company Law Appellate Tribunal (NCLAT) has turned down Tata Steel’s plea to consider its bid for the debt-ridden Bhushan Power & Steel as the.....
Tags : NCLAT, Tata Steel, Bhushan Power & Steel
NCLAT Rejects Tata Steel’s Plea to Uphold its Bid for Bhushan Power(05.02.2019)
National Company Law Appellate Tribunal (NCLAT) has turned down Tata Steel’s plea to consider its bid for the debt-ridden Bhushan Power & Steel as the.....
Tags : NCLAT, Tata Steel, Bhushan Power & Steel
NCLAT Allows 22 IL&FS Group Firms to Service Debt Obligations(12.02.2019)
National Company Law Appellate Tribunal has passed an order permitting 22 group companies of Infrastructure Leasing and Financial Services (IL&FS), th.....
Tags : NCLAT, IL&FS
NCLAT: Resolution Professional Has No Right To Be Heard Before Being Replaced U/S 27 IBC(12.09.2022)
National Company Law Appellate Tribunal has held that when Committee of Creditors decides to replace Resolution Professional (RP) under Insolvency & B.....
Tags : NCLAT, Insolvency, Resolution Professional
INSOLVENCY - NCLAT Allows Withdrawal of Liberty House Bid for ARGL(08.03.2019)
National Company Law Appellate Tribunal (NCLAT) has allowed withdrawal of UK-based Liberty House bid for ARGL on the plea of resolution professional o.....
Tags : NCLAT, ARGL, Liberty House
INSOLVENCY - NCLAT Directs NCLT to Decide on JSW's Bid for Bhushan Power & Steel by March 31(11.03.2019)
National Company Law Appellate Tribunal (NCLAT) has directed Delhi bench of NCLT to decide over JSW Steel's bid for debt-ridden Bhushan Power & Steel .....
Tags : NCLAT, Bhushan Power & Steel, JSW
NCLAT Issues Clarification on its Order in Tata Sons Case(06.01.2020)
National Companies Law Appellate Tribunal has said that the illegality of the conversion of Tata Sons from a deemed public limited company to a privat.....
Tags : NCLAT, Tata Sons
NCLAT Asks Liberty House to Give Details on Adhunik, Zion Resolution Plan(08.01.2020)
National Company Law Appellate Tribunal has directed the Liberty House Group to file an affidavit outlining the implementation of its resolution plan .....
Tags : NCLAT, Resolution Plan
NCLAT Dismisses DBS Bank's Plea Challenging Distribution of Funds from Ruchi Soya Resolution Plan(21.11.2019)
National Company Law Appellate Tribunal has dismissed the plea of Singapore-based DBS Bank, a dissenting financial creditor of Ruchi Soya challenging .....
Tags : NCLAT, Ruchi Soya
NCLAT Refuses RIL Waiver to Delist Alok Industries(21.11.2019)
National Company Law Appellate Tribunal has denied a waiver sought by Reliance Industries to delist Alok Industries which it had bought out of bankrup.....
Tags : NCLAT, RIL
Madras HC: Delay in Establishing NCLAT Bench May Amount to Contempt of SC’s Direction(15.12.2020)
Madras High Court has observed that the delay in establishing a Bench of National Company Law Appellate Tribunal in Chennai may amount to contempt of .....
Tags : Madras High Court, Delay in Establishing NCLAT Bench
Delhi HC Seeks Stand on Plea for Changing Nomenclature of Nurses Working in Private Hospitals(11.11.2021)
Delhi High Court has sought the stand of Centre in a petition seeking change in the nomenclature of Nursing Personnel working in private hospitals at .....
Tags : Delhi High Court, Changing Nomenclature of Nurses
NCLAT Sets Aside Rs. 87 Crore CCI Penalty on Hyundai Motor(20.09.2018)
NCLAT has set aside an order of CCI imposing a Rs 87 crore fine on Hyundai Motor India for allegedly adopting unfair business ways with respect to dis.....
Tags : NCLAT, Hyundai Motor
NCLAT Condemns Jaypee Lenders for ‘Back door’ Talks With Adani(03.07.2019)
National Company Law Appellate Tribunal (NCLAT) has called out lenders of Jaypee Infratech for engaging in “backdoor negotiations” with the Adani grou.....
Tags : NCLAT, Jaypee Lenders
NCLAT Approves Lakshmi Mittal-Led ArcelorMittal's Bid(04.07.2019)
National Company Law Appellate Tribunal (NCLAT) has approved Lakshmi Mittal-led ArcelorMittal’s plan for Essar Steel India Limited.The Tribunal had on.....
Tags : NCLAT, Archelor Mittal
INSOLVENCY - I-T Department, Other Tax Agencies can Initiate Insolvency: NCLAT(22.03.2019)
National Company Law Appellate Tribunal (NCLAT) has held that Income Tax department of central government and other local authorities “who are entitle.....
Tags : NCLAT, Income Tax Department, Insolvency
INSOLVENCY - NCLAT Asks ArcelorMittal to Consider Revising Bid for Essar Steel(15.03.2019)
National Company Law Appellate Tribunal (NCLAT) has asked ArcelorMittal to consider revising its Rs. 42,000 crore bid for Essar Steel India Limited (E.....
Tags : NCLAT, Essar Steel, Arcelor Mittal
COMPANY - NCLAT Refuses to Direct SBI to Release Rs.260 Crores to Reliance to Enable it to Settle Ericsson Dues(18.03.2019)
National Company Law Appellate Tribunal has refused to direct State Bank of India to release amount of Rs.260 crores of income tax refund to enable Re.....
Tags : NCLAT, SBI, Reliance Communications
INSOLVENCY - NCLAT Refuses to Stay NCLT Nod to ArcelorMittal Resolution Plan for Essar Steel(18.03.2019)
National Company Law Appellate Tribunal has refused to stay a bankruptcy court order approving ArcelorMittal's Rs. 42,000 crore takeover bid for Essar.....
Tags : NCLAT, Essar Steel, Arcelor Mittal
NCLAT Requests Details of Settlement With McDonald's from Vikram Bakshi(11.07.2019)
National Company Law Appellate Tribunal (NCLAT) has sought details of Vikram Bakshi and his wife Madhurima Bakshi to file on an affidavit detailing th.....
Tags : NCLAT, McDonalds
Jet Airways Case: NCLAT Agrees to Hear Dutch Court’s Request(15.07.2019)
National Company Law Appellate Tribunal (NCLAT) has agreed to hear a plea filed by a Dutch court seeking access to the financial details of Jet Airway.....
Tags : Jet Airways Case, NCLAT
Delhi HC Issues Notice on Plea Challenging MCA Notification for Technical Member Post in NCLAT(18.02.2020)
Delhi High Court has issued notice to the Central Government in a plea challenging the notification of Ministry of Corporate Affairs (MCA), inviting a.....
Tags : Delhi High Court, Technical Member Post in NCLAT
Kerala HC Issues Notice on Plea Challenging CLAT Clearance as Prerequisite for Law Officers at NTPC(04.01.2022)
Kerala High Court has issued notice on a plea seeking to quash the condition mandating applicants to clear CLAT for applying to the post of Assistant .....
Tags : Kerala High Court, CLAT Clearance as Prerequisite for Law Officers
NCLAT Chennai Bench Stays Insolvency Process Against Tata Projects Limited(07.01.2022)
National Company Law Appellate Tribunal, Chennai Bench has stayed the order against Tata Projects Limited to initiate Corporate Insolvency Resolution .....
Tags : NCLAT, Corporate Insolvency Resolution Process, Stay Order
NCLAT: 'Adjudicating Authority' Is Not A 'Court of Law' And 'CCIRP' Is Not Synonymous To litigation(07.01.2022)
NCLAT, Chennai Bench in the case of Drip Capital Inc. v. Concord Creations (India) Pvt. Ltd. set aside the order passed by the Adjudicating Authority,.....
Tags : NCLAT, Adjudication Authority, Court of Law
NCLAT Widens Definition of “Dispute” to Resist an Action for Insolvency Under Bankruptcy Code(29.06.2017)
NCLAT has widened definition of 'dispute' u/s 8,9 of Insolvency and Bankruptcy Code to include, apart from existing suits and arbitrations, any other .....
Tags : NCLAT, Insolvency and Bankruptcy Code
NCLAT Stays Liquidation Process of Jyoti Structures(21.08.2018)
National Company Law Appellate Tribunal (NCLAT) has granted interim stay on the liquation order against Jyoti Structures Ltd.
Tags : NCLAT, Insolvency
NCLAT Stays Jyoti Structures Liquidation(22.08.2018)
National Company Law Appellate Tribunal (NCLAT) has stayed the liquidation of debt-ridden real estate firm Jyoti Structures and barred any sale of its.....
Tags : NCLAT, Jyoti Structures
Delhi High Court to Ministry of Corporate Affairs: Resolve NCLAT Entry Woes(22.08.2018)
Delhi High Court has directed Ministry of Corporate Affairs to come up with a solution to the space crunch faced by NCLAT as well as the inconvenience.....
Tags : Delhi High Court, NCLAT
NCLAT Declines Stay on Tata Sons' Conversion to Private Company(27.08.2018)
National Company Law Appellate Tribunal (NCLAT) has said that Tata Sons cannot force ousted chairman Cyrus Mistry to sell his shares in the group hold.....
Tags : NCLAT, Tata Sons
NCLAT: No Bar to S. 138 Proceedings Under NI Act During Period of Moratorium Under IBC(07.08.2018)
National Company Law Appellate Tribunal, New Delhi has held that the court of competent jurisdiction may proceed with criminal proceeding under Sectio.....
Tags : NCLAT, Moratorium
NCLT Cannot Adjudicate on Eligibility Criteria Laid Down by CoC: NCLAT(07.08.2018)
NCLAT has held that it is not in the domain of Adjudicating Authority to decide the requirement of minimum tangible net worth of one or other category.....
Tags : NCLAT, NCLT
NCLAT Extends Deadline to Submit Revised Bids for Bhushan Power(07.08.2018)
National Company Law Appellate Tribunal (NCLAT) has extended the deadline for a resolution plan for the stressed Bhushan Power and Steel Ltd (BPSL) ti.....
Tags : NCLAT, Bhushan Power
NCLAT Holds Tata Steel Eligible to Bid for Bhushan Steel(13.08.2018)
National Company Law Appellate Tribunal (NCLAT) has upheld the sale of Bhushan Steel to Tata Steel, rejecting allegations of its ineligibility by the .....
Tags : NCLAT, Bhushan Power
Karnataka HC: Change Term 'Ex-Servicemen' to a Gender-Neutral Nomenclature(05.01.2023)
Karnataka High Court has suggested the Union and the State Government to change the nomenclature used to refer to retired defence personnel; and use t.....
Tags : Karnataka High Court, Ex-servicemen, Ex-service Personnel, Gender Neutral Nomenclature
SC Sets Aside NCLAT’s Order Impeding Implementation of SC Order(06.01.2023)
Supreme Court while deprecating and setting aside a status quo order passed by NCLAT Delhi which impeded the implementation of an order passed by the .....
Tags : Supreme Court, NCLAT, Contempt, Deprecates
INSOLVENCY - NCLAT Seeks Financial Details of 13 IL&FS Subsidiaries(30.03.2019)
National Company Law Appellate Tribunal (NCLAT) has directed IL&FS to provide the details of the dues at 13 of its group companies and those of the cr.....
Tags : NCLAT, IL&FS
NCLAT Rejects DoT's Plea in Aircel Licence Moratorium Matter Citing Delay in Appeal(09.03.2020)
National Company Law Appellate Tribunal (NCLAT) has rejected the telecom department's plea citing delay in appeal against the National Company Law Tri.....
Tags : NCLAT, Aircel
CLAT 2021: Deadline for Online Applications Extended to April 30(30.03.2021)
Consortium of National Law Universities has extended the last day for submitting online applications for the CLAT 2021 examination to April 30 2021.
Tags : CLAT 2021, Online Applications
NCLAT Extends Hearing of Tata Mistry Matter to October 31(06.09.2018)
National Company Law Appellate Tribunal (NCLAT) has extended the hearing of the Tata Mistry matter to October 31.
Tags : NCLAT, Tata Mistry
NLU Consortium Postpones CLAT 2022 Exam Date and Online Application Submission(15.03.2022)
Consortium of National Law Universities has decided to postpone the Common Law Admission Test to June 19. CLAT-2022 is rescheduled to Sunday, 19th Jun.....
Tags : Consortium of National Law Universities, CLAT 2022 Exam Date
SC Passes Guidelines to Ensure Access to CLAT for Candidates With Disabilities(18.03.2023)
Supreme Court has passed guidelines to ensure better accessibility for candidates with disability to appear in CLAT examination.
Tags : Supreme Court, CLAT, Guidelines, Disabilities
NCLAT Says Essar Steel Lenders can't Discriminate Among Operational Creditors(24.04.2019)
National Company Law Appellate Tribunal has observed that Committee of Creditors of Essar Steel cannot discriminate among operational creditors of the.....
Tags : NCLAT, Essar Steel
Solve Issues of Companies Under Debt: NCLAT(29.04.2019)
National Company Law Appellate Tribunal has stated that functional companies boost the economy and are a source of income for families and also called.....
Tags : NCLAT, Companies Under Debt
NCLAT Permits RCom Plea to Continue Insolvency Proceedings(01.05.2019)
National Company Law Appellate Tribunal has approved Reliance communication's plea to proceed with insolvency plans and also lifted an earlier morator.....
Tags : NCLAT, RCOM
NCLAT Grants Moratorium to IL&FS on Creditors Procedings(16.10.2018)
National Company Law Apellate Tribunal has granted a moratorium on all creditor actions against IL&FS and its group companies for 'Larger Public Inter.....
Tags : NCLAT, IL&FS
NCLAT: Cannot Dismiss Insolvency Plea Over Claims Disputed After Demand Notice(29.07.2019)
National Company Law Appellate Tribunal (NCLAT) has directed the National Company Law Tribunal (NCLT) to decide over an insolvency plea filed against .....
Tags : NCLAT, Demand Notice
NCLAT Permits 90 Day Extension in Jaypee Infra CIRP(31.07.2019)
National Company Law Appellate Tribunal (NCLAT) has extended the Corporate Insolvency Resolution Period of Jaypee Infratech for 90 days--a period duri.....
Tags : NCLAT, Jaypee Infra
NCLAT Sets Aside NCLT Order Directing Return of Land to Jaypee Infratech(02.08.2019)
National Company Law Appellate Tribunal (NCLAT) has quashed a National Company Law Tribunal’s (NCLT) Allahabad Bench’s May 18, 2018 order which had di.....
Tags : NCLAT, Jaypee Infratech
NCLAT Stays Sterling Biotech's Eviction(05.08.2019)
National Company Law Appellate Tribunal (NCLAT) has stayed eviction of Sterling Biotech from its premises as the debt-ridden company was going under t.....
Tags : NCLAT, Sterling
Consortium of NLUs Extends Last Day for Submission of Online Applications for CLAT 2021(29.04.2021)
Consortium of National Law Universities has extended the last day for submitting online applications for the CLAT 2021 examination to 15th May, 2021.
Tags : Consortium of National Law Universities, CLAT Examination
NCLAT Expresses Displeasure Over Delay in IL&FS Resolution(09.08.2019)
National Company Law Appellate Tribunal (NCLAT) has expressed its displeasure over the slow progress by the Government and IL&FS in the resolution of .....
Tags : NCLAT, IL&FS
Delhi HC Seeks Centre, NLU Consortium Stand on Plea for Taking CLAT 2020 from Home(05.08.2020)
Delhi High Court has issued notices to the Central Government and the Consortium of National Law Universities on plea impugning the CLAT-2020 notifica.....
Tags : Delhi High Court, CLAT 2020
Consortium of NLUs Announces CLAT-2021 to be Held on July 23(15.06.2021)
Consortium of National Law Universities has announced that CLAT-2021 will be held on 23rd July, 2021 in offline mode between 2 and 4 PM for both Under.....
Tags : Consortium of National Law Universities, CLAT-2021
NCLAT: Pendency of Suit Against Financial Creditor No Bar for Starting Proceedings under Sec 7 IBC(14.10.2019)
National Company Law Appellate Tribunal has ruled that pendency of a suit filed by the corporate debtor against a financial creditor cannot restrain i.....
Tags : NCLAT, Financial Creditor
NCLAT Halts Bhushan Power Sale to JSW Steel(15.10.2019)
National Company Law Appellate Tribunal has directed the Enforcement Directorate to release the attached properties of Bhushan Power and Steel and di.....
Tags : NCLAT, Bhushan Power
SC Allows CLAT 2020 Aspirants to make Representation Before Grievance Redressal Committee(09.10.2020)
Supreme Court has allowed CLAT 2020 aspirants, liberty to make representation(s) before the Grievance Redressal Committee which is headed by Retired C.....
Tags : Supreme Court, CLAT 2020 Aspirants
NCLAT: Mandatory Free-of-Cost Copy of Final Order Can’t be Treated as ‘Certified Copy’(11.07.2024)
National Company Law Appellate Tribunal (NCLAT) has held that a mandatory free-of-cost copy of a final order cannot be used to file an appeal before a.....
Tags : NCLAT, Certified Copy, NCLAT Rules
Del. HC: NCLAT Requested to Examine Viability of Recording of Proceedings Before NCLT, NCLAT(11.07.2024)
Delhi High Court has requested the National Company Law Appellate Tribunal (NCLAT) to examine the viability of recording of proceedings of NCLT and NC.....
Tags : Delhi High Court, NCLT, NCLAT, Recording of Proceedings
IL&FS Case: NCLAT Defers Hearing of Moratorium Matter to 20th December(18.12.2018)
National Company Law Appellate Tribunal has deferred to 20 December 2018 its hearing in the Infrastructure Leasing and Financial Services (IL&FS) mora.....
Tags : NCLAT, IL&FS
NCLAT Keeps Bakshi Deal with McDonald's on Hold(19.09.2019)
National Company Law Appellate Tribunal (NCLAT) has barred Vikram Bakshi from leaving the country without informing it or the Debt Recovery Tribunal .....
Tags : NCLAT, McDonalds
NCLAT Declines to Entertain RCom Resolution Professional(19.09.2019)
National Company Law Appellate Tribunal (NCLAT) has declined to entertain a plea moved by the Resolution Professional (RP) of Reliance Communications .....
Tags : NCLAT, RCom
CESTAT: Classification only on the basis of Nomenclature under Customs Tariff Act is Baseless(29.06.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has held that classification of Products only on the basis of Nomenclatur.....
Tags : CESTAT, Customs Tariff Act, Nomenclature
Madras HC: Can’t Approach HC U/A 226 if Effective And Statutory Remedy Exists Before NCLAT(30.06.2022)
Madras High Court has held that when an effective and statutory remedy lies before National Company Law Appellate Tribunal (NCLAT), aggrieved parties .....
Tags : Madras High Court, NCLAT, Madras High Court, Article 226
Delhi High Court Notifies New Nomenclatures for IPR Matters(14.07.2021)
Delhi High Court has notified new nomenclature in respect of the matters relating to Intellectual Property Rights (IPR) coming into force with immedia.....
Tags : Delhi High Court, New Nomenclature for IPR Matters
NCLAT: Unavailability of Member to Sign the Order Not a Ground for Fresh Hearing(01.06.2022)
National Company Law Appellate Tribunal, Principal Bench has held that an order passed with the consent of both Members of an NCLT Bench but signed by.....
Tags : NCLAT, Temporary Unavailability, Fresh Hearing
Delhi HC to NLU Consortium: Why Can’t CLAT be Conducted in Hindi?(23.05.2023)
Delhi High Court while observing that medical entrance exams and other competitive examinations like JEE are being held in Hindi, has questioned Conso.....
Tags : Delhi High Court, CLAT, NLUs, Hindi
NCLAT Upholds NCLT’s Order Allowing Insolvency Proceedings Against ‘Go First’ Airline(23.05.2023)
NCLAT while rejecting the plea filed by lessors of aircrafts of Go First Airlines to take possession of the aircrafts, has upheld the order of NCLT De.....
Tags : NCLAT, Go First, Insolvency
NCLAT Refuses to Stay Resolution Process of Bhushan Power and Steel(13.07.2018)
National Company Law Appellate Tribunal (NCLAT) has turned down the plea of U.K.-based Liberty House to stay the resolution process of Bhushan Power a.....
Tags : NCLAT, Bhushan Power
NCLAT Gives Vikram Bakshi 4 Weeks to Settle its Hudco Dues for McDonald’s Deal(29.05.2019)
National Company Law Appellate Tribunal has given four weeks time to businessman Vikram Bakshi for settling his dues with the Housing and Urban Develo.....
Tags : NCLAT, McDonalds
NCLAT: IL&FS Group Companies Labeled Green Allowed to Start Servicing Debt(30.05.2019)
National Company Law Appellate Tribunal (NCLAT) has observed that if the Infrastructure Leasing & Financial Services (IL&FS) companies placed under th.....
Tags : NCLAT, IL&FS
SC: NCLAT Order Closing Insolvency Proceedings against Byju’s, Set Aside(24.10.2024)
Supreme Court has set aside the order passed by National Company Law Appellate Tribunal (NCLAT) that accepted the settlement between Byju’s and BCCI a.....
Tags : Supreme Court, NCLAT, Byju’s