Search Results for Tag : National Company Law Tribunal
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NCLT Dismisses Mistry's Plea Alleging Mismanagement, Minority Oppression at Tata Sons(24.04.2017)
National Company Law Tribunal, while dismissing Cyrus Mistry petition that alleged mismanagement and minority shareholder oppression at Tata Sons, has.....
Tags : National Company Law Tribunal, Mismanagement, Minority Oppression, TATA
NCLT Admits Proceedings Against Shri Lakshmi Cotsyn(05.06.2018)
National Company Law Tribunal has admitted insolvency proceedings against BSE-listed Shri Lakshmi Cotsyn after the Kanpur-based textile manufacturer f.....
Tags : National Company Law Tribunal, Insolvency
Lenders Having Vested Interest in Debtor shouldn’t be Part of Creditors’ Panel: NCLT(15.04.2019)
National Company Law Tribunal (NCLT), Chennai Bench has held that a party having a vested interest /relation with a corporate debtor should not be a p.....
Tags : National Company Law Tribunal, Committee of Creditors
National Company Law Tribunal Clears NBCC Offer for Jaypee Infratech(04.03.2020)
National Company Law Tribunal has approved NBCC’s offer to take over Jaypee Infratech, which has to deliver apartments, plots and villas to nearly 21,.....
Tags : National Company Law Tribunal, TAkeover of Jaypee Infratech
NCLT Allows Government to Reopen CG Power’s Accounts for 5 Fiscals(06.03.2020)
National Company Law Tribunal has allowed the corporate affairs ministry to reopen the books of CG Power for the last 5 financial years so that it cou.....
Tags : National Company Law Tribunal, CG Power
NCLT: Rs. 750 Cr. Paid by JAL for Obligation of JIL Should be Treated As Asset of Corporate Debtor(06.03.2020)
National Company Law Tribunal has observed that Rs. 750 Crore deposited by Jaypee Infratech’s (JIL) parent firm Jaiprakash Associates (JAL) with the S.....
Tags : National Company Law Tribunal, Jaypee Infratech
NCLT Chandigarh Allows Fortis to Withdraw SRL Demerger Scheme(18.06.2018)
National Company Law Tribunal, Chandigarh has allowed Fortis Healthcare to withdraw its scheme to demerge SRL diagnostics from the group and merge it .....
Tags : National Company Law Tribunal, Fortis
National Company Law Tribunal, Delhi Approves Adani’s Bid to Buy Aditya Estates(24.02.2020)
National Company Law Tribunal, Delhi has approved the resolution plan of Adani Properties to acquire Aditya Estates for a total deal value of Rs 400 C.....
Tags : National Company Law Tribunal, Aditya Estates Takeover
NCLT, Mumbai Orders to Restore E-way Bill Facility for Taxpayers Undergoing Insolvency Proceedings(26.02.2020)
National Company Law Tribunal (NCLT), Mumbai has ordered to restore the e-way bill facility for taxpayers undergoing insolvency proceedings.
Tags : National Company Law Tribunal, E-way Bill Facility for Taxpayers Undergoing Insolvency Proceedings
National Company Law Tribunal, Chandigarh Approves HUL-GSK Merger(27.02.2020)
National Company Law Tribunal, Chandigarh has approved the merger of GlaxoSmithKline (GSK) Consumer with Hindustan Unilever (HUL).
Tags : National Company Law Tribunal, HUL-GSK Merger
NCLT, Delhi: Advanced Deposit Towards Licence Fee Considered as Operational Debt(25.01.2022)
National Company Law Tribunal, Delhi has held that advanced deposit towards license fee would be considered as an Operational Debt and issuance of not.....
Tags : National Company Law Tribunal, Advanced Deposit Towards Licence Fee
NCLT Allows to Replace BoI in NCLT Proceedings Against National Steel & Agro Industries Limited(27.01.2022)
National Company Law Tribunal (NCLT) has allowed an interlocutory application by JM Financial ARC Limited, a third party, to substitute Bank of India .....
Tags : National Company Law Tribunal, National Steel & Agro Industries Limited
NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
National Company Law Tribunal Asks Astro to Not to Exit AskMe for 6 Weeks(31.08.2016)
National Company Law Tribunal has asked Astro Entertainment Networks Ltd not to exit e-commerce website AskMe.com, in which it is an investor, for six.....
Tags : National Company Law Tribunal, Astro Entertainment Networks Ltd
NCLT Cancels Summer Vacation 2020 for All Its Benches(06.05.2020)
National Company Law Tribunal has cancelled the Summer Vacation, 2020 for all its benches, in view of loss of work due to the lockdown.
Tags : National Company Law Tribunal, Summer Vacations
NCLT Refuses Petition Against India Steel(11.05.2020)
National Company Law Tribunal has refused to admit an insolvency Petition filed by India Resurgence Asset Reconstruction Company, a joint venture betw.....
Tags : National Company Law Tribunal, India Steel
NCLT: Filing of Default Record Necessary for Section 7 IBC Filings(13.05.2020)
National Company Law Tribunal has directed filing of default record from Information utility along with new Petitions under Section 7 of the Insolvenc.....
Tags : National Company Law Tribunal, Filing of Default Record
NCLT, Bengaluru Orders Forcible Liquidation and Winding Up of Devas Multimedia(27.05.2021)
National Company Law Tribunal, Bengaluru has ordered the forcible liquidation and winding up of Devas Multimedia by allowing a petition filed Indian S.....
Tags : National Company Law Tribunal, Winding Up of Devas Multimedia
SC Issues Notice on NCLT Bar Association's Petition Challenging MCA Notification(06.04.2022)
Supreme Court has issued notice in a writ petition that seeks to change the term of 3 years fixed by a notification issued by the Ministry for the mem.....
Tags : Supreme Court, 3 years, National Company Law Tribunal, 5 years, Section 408 of the Companies Act, 2013
NCLT Rebukes SBI for "Lackadaisical Approach"(29.06.2018)
National Company Law Tribunal’s Mumbai chapter has rebuked State Bank of India for its “lackadaisical approach” in sanctioning a Rs 334 crore loan to .....
Tags : National Company Law Tribunal, SBI
NCLAT Declines to Stay ElectroSteel Steels' Delisting(29.06.2018)
National Company Law Appellate Tribunal (NCLAT) has refused to stay the delisting process of debt-ridden firm ElectroSteel Steel under the resolution .....
Tags : National Company Law Tribunal, ElectroSteel
NCLT Urges Litigants to File Joint Memo of Written Submissions to Avoid Delay in Disposal(08.04.2020)
National Company Law Tribunal (NCLT) has urged all the litigants to file "Joint Memo" of written submissions, to avoid the lengthy process of filing r.....
Tags : National Company Law Tribunal, Joint Memo of Written Submissions
NCLT, Kochi: Initiation of CIRP Not Mandatory for Application Against Personal Guarantors(28.02.2022)
National Company Law Tribunal, Kochi has held that when an application for initiation of corporate insolvency resolution process (CIRP) is pending bef.....
Tags : National Company Law Tribunal, Application Against Personal Guarantors
NCLT, Jaipur: Personal Guarantors of NBFC/FSC Cannot be Proceeded Against Unless Threshold Satisfied(28.02.2022)
National Company Law Tribunal, Jaipur has held that Personal Guarantors of Non-Banking Finance Company/ Financial Services Provider cannot be proceede.....
Tags : National Company Law Tribunal, Personal Guarantors of NBFC/FSC
NCLT, Mumbai: Retired Partner Cannot Initiate Resolution Proceedings to Claim Retirement Dues(02.03.2022)
National Company Law Tribunal, Mumbai has rejected the Section 9 application filed by the Operational Creditor on the ground that a retired partner ca.....
Tags : National Company Law Tribunal, Retired Partner. Retirement Dues
NCLT Allows Initiation of Personal Insolvency Against Venugopal Dhoot(02.09.2021)
National Company Law Tribunal (NCLT), Mumbai has admitted a personal insolvency petition against Videocon promoter Venugopal Dhoot just a day after th.....
Tags : National Company Law Tribunal, Venugopal Dhoot
NCLT, Mumbai Approves Reliance Jio;s Resolution Plan for Reliance Infratel(04.12.2020)
National Company Law Tribunal (NCLT), Mumbai has approved Reliance Jio’s resolution plan for the bankrupt Reliance Infratel.
Tags : National Company Law Tribunal, Reliance Jio
NCLT Rejects Plea Seeking Stay on TATA’s EGM on Feb 06(01.02.2017)
National Company Law Tribunal (NCLT) has refused to grant a stay on Tata Sons’ decision to call an Extraordinary General Meeting (EGM) on February 6, .....
Tags : National Company Law Tribunal, Tata Sons, Extraordinary General Meeting
NCLT Orders JAL to Return Land to Jaypee Infra(18.05.2018)
Allahabad bench of National Company Law Tribunal (NCLT) has ordered that 858 acres of land of bankrupt Jaypee Infratech which was transferred by the f.....
Tags : National Company Law Tribunal, JAL
NCLT Refuses to Stay Rebidding for Essar(28.03.2018)
National Company Law Tribunal has declined to stay the second round of bidding for the bankrupt Essar Steel or defer the deadline for it as sought by .....
Tags : National Company Law Tribunal
Bombay HC: NCLT Has No Jurisdiction to Examine Legality of Action Taken Under MPID Act(23.11.2020)
Bombay High Court has held that the National Company Law Tribunal has no jurisdiction to examine the legality or validity of action taken under the Ma.....
Tags : Bombay High Court, National Company Law Tribunal, Jurisdiction
National Company Law Tribunal Orders Two Nicco Parks & Resorts Directors to Quit(07.01.2020)
National Company Law Tribunal has passed an order asking the two directors of Nicco Parks & Resorts, Rajive Kaul and daughter Pallavi Priyadarshini, t.....
Tags : National Company Law Tribunal, Nicco Parks
National Company Law Tribunal Tells Jet Airways’ Lenders to Release Funds for Interim Finance(09.01.2020)
National Company Law Tribunal has directed Jet Airways’ lenders to release funds as per an earlier direction to meet the grounded airline’s interim fi.....
Tags : National Company Law Tribunal, Jet Airways
National Company Law Tribunal, Hyderabad Orders Insolvency for Sri Yadadri Life Sciences(09.01.2020)
National Company Law Tribunal, Hyderabad bench has ordered the proceedings at Sri Yadadri Life Sciences for the alleged default in payments to Adroit .....
Tags : National Company Law Tribunal, Insolvecny
NCLT, Mumbai: Advance Amount Received by Property Owner is Operational Debt(18.01.2021)
National Company Law Tribunal (NCLT), Mumbai has ruled that the advance amount received by a property owner from the real-estate developer for a re-de.....
Tags : National Company Law Tribunal, Operational Debt
NCLT Admits ISRO-Arm Antrix's Plea to Wind Up Devas Multimedia(20.01.2021)
National Company Law Tribunal, Bengaluru, has admitted the petition filed by Indian Space Research Organization's commercial arm Antrix Corporation Lt.....
Tags : National Company Law Tribunal, Devas Multimedia
NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
Bombay HC Issues Notice on Plea for Restoration of Assault FIR Over Breach of Consent Terms(27.01.2022)
Bombay High Court has issued notice to actor Armaan Kohli on his ex-girlfriend's application to restore the case she filed against him in 2018 while a.....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
Cal. HC: Object of S. 60(2) IBC is to Group Together CIRP Proceedings Before Single Forum(21.12.2022)
Calcutta High Court has held that object of Section 60(2) of IBC 2016 is to group together CIRP of corporate debtor and insolvency liquidation proceed.....
Tags : Calcutta High Court, IBC, CIRP, National Company Law Tribunal
NCLT Dismisses Mistry’s Contempt Plea Against Tata Sons(19.01.2017)
National Company Law Tribunal (NCLT) has dismissed contempt plea filed by Cyrus Mistry's family firms against Tata Sons but gave Former Chairman an op.....
Tags : National Company Law Tribunal, Cyrus Mistry, Tata Sons, Contempt Plea
National Company Law Tribunal Clears SNJ’s Takeover of Empee Distilleries(27.01.2020)
National Company Law Tribunal, Chennai has approved the bid of SNJ Group to acquire the Empee Distilleries for Rs 475 Crores.
Tags : National Company law Tribunal, SNJ Takeover
National Company Law Tribunal Suspends Delhi Gymkhana Club's Board(15.02.2021)
National Company Law Tribunal (NCLT) has ordered the suspension of the Delhi Gymkhana Club's board. The Tribunal has also asked the Ministry of Corpor.....
Tags : National Company Law Tribunal, Delhi Gymkhana
NCLT, Kochi Allows Reduction of Paid Up Share Capital Structure of Josco Jewellers Pvt. Ltd.(12.01.2021)
National Company Law Tribunal, Kochi has allowed a company petition filed by Josco Jewellers Pvt. Ltd. for reduction of its share capital from Rs. 120.....
Tags : National Company Law Tribunal, Josco Jewellers Pvt. Ltd.
NCLT: Indemnity of Obligations Under an Agreement Is Not 'Financial Debt' Under IBC(14.10.2022)
National Company Law Tribunal, Mumbai while adjudicating an application has observed that indemnity of the obligations under the Agreement is not a 'f.....
Tags : National Company Law Tribunal, financial debt, indemnity, Agreement
NCLT Delhi Dismisses Plea For Initiation Of CIRP Against Developer(20.10.2022)
National Company Law Tribunal, New Delhi has rejected the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, holding that if the al.....
Tags : National Company Law Tribunal, allottees, Developer
NCLT, Cuttack: Related Party of Financial Creditor Not Barred U/S 29A To Submit A Resolution Plan(21.10.2022)
National Company Law Tribunal, Cuttack has observed that the Insolvency and bankruptcy Code does not bar a related party of the Financial Creditor fro.....
Tags : National Company Law Tribunal, Financial, Creditor
Central Government Sets Up NCLT Bench in Kochi(01.08.2018)
Central Government has constituted a Bench of the National Company Law Tribunal (NCLT) in Kochi which will be effective from August 1 this year.
Tags : National Company Law Tribunal, Kochi
NCLT Allows Jet Airways Extension for Filing of CIRP(19.03.2020)
National Company Law Tribunal has allowed the plea filed by the resolution professional (RP) of Jet Airways seeking an extension of 90 days for the co.....
Tags : National Company Law Tribunal, Jet Airways
NCLT Extends Limitation Period in Pursuance of Supreme Court Orders(25.03.2020)
National Company Law Tribunal (NCLT) has issued a notice intimating all the litigants that the extension of limitation period granted by the Supreme C.....
Tags : National Company Law Tribunal, Extension of Limitation
NCLT, Kochi: Only Debts Under ‘Operational Debt’ Can File Application u/s 9 of IBC(26.03.2021)
National Company Law Tribunal (NCLT), Kochi has ruled that only debts covered under the definition of ‘Operational Debt’ can file an application under.....
Tags : National Company Law Tribunal, Application u/s 9 of IBC
INSOLVENCY - NCLT Approves Revised Resolution Plan for Jyoti Structures(28.03.2019)
National Company Law Tribunal (NCLT) has approved the resolution plan for Jyoti Structures presented by the Resolution Professional on behalf of a gro.....
Tags : National Company Law Tribunal, NCLT, Jyoti Structures, Sharad Sanghi
SC Bars NCLT, Mumbai from Passing Final Orders on Future Plea for Calling Shareholders’ Meeting(23.02.2021)
Supreme Court has allowed the National Company Law Tribunal (NCLT), Mumbai, to continue proceedings on Kishore Biyani-led Future Retail’s plea seeking.....
Tags : Supreme Court, National Company Law Tribunal, Future Retail
NCLT Benches to Resume Physical Hearing from March 1(24.02.2021)
National Company Law Tribunal (NCLT) has decided to resume physical hearing of cases filed before it from 1st March, 2021. However, if any party expre.....
Tags : National Company Law Tribunal, Physical Hearing
NCLT Directs Indiabulls Real Estate to Discuss Embassy Merger with Shareholders(27.12.2021)
National Company Law Tribunal (NCLT) has directed realty developer Indiabulls Real Estate to convene a meeting of its shareholders to discuss and seek.....
Tags : National Company Law Tribunal, Merger of Indiabulls with Embassy Group
INSOLVENCY-Workmen's Dues of Pension, Gratuity, PF Not Included in Liquidation Assets of Debtor: NCLT(26.03.2019)
National Company Law Tribunal has ruled that dues of provident fund, pension and gratuity do not form part of liquidation estate of corporate debtor a.....
Tags : National Company Law Tribunal, NCLT
NCLT Benches to Function Through Virtual Mode from January 3 to January 31(03.01.2022)
National Company Law Tribunal (NCLT) has decided to revert to Virtual Mode of hearing from January 3, 2022, to January 31, 2022, taking note of the pr.....
Tags : National Company Law Tribunal, Virtual Mode of Functioning
NCLT, Hyderabad Initiates Corporate Insolvency Resolution Process Against Tata Projects Ltd(06.01.2022)
National Company Law Tribunal, Hyderabad has initiated Corporate Insolvency Resolution Process against Tata Projects Limited for its failure to pay ba.....
Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, Tata Projects Ltd
NCLT, Chennai Approves Cochin Shipyard's Resolution Plan to Acquire TSL(11.03.2020)
National Company Law Tribunal, Chennai has accepted the resolution plan filed by public sector company, Cochin Shipyard Limited to acquire Chennai-bas.....
Tags : National Company Law Tribunal, TSL Takeover
NCLT Chennai Admits Application Initiating CIRP Against Coastal Energen Pvt. Ltd.(11.02.2022)
National Company Law Tribunal, Chennai has admitted the application of State Bank of India/ Financial Creditor for initiation of corporate insolvency .....
Tags : National Company Law Tribunal, Coastal Energen Pvt. Ltd.
NCLT, Mumbai: Co-Operative Society Is Not a Corporate Person Under IBC(14.02.2022)
National Company Law Tribunal, Mumbai has dismissed an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Sangola T.....
Tags : National Company Law Tribunal, Co-Operative Society
NCLT, Mumbai: Pre-requisite of Notice to Personal Guarantor Satisfied on Service as Per Form B(15.02.2022)
National Company Law Tribunal, Mumbai has admitted the application filed by the Union Bank of India/Financial Creditor under Section 95 of the Insolve.....
Tags : National Company Law Tribunal, Pre-requisite of Notice
NCLT Sets 90-day Deadline for Jet Airways Bankruptcy Resolution(21.06.2019)
National Company Law Tribunal (NCLT) while admitting insolvency petition moved by State Bank of India against Jet Airways has instructed that the reso.....
Tags : National Company Law Tribunal, NCLT, Jet Airways
NCLT, Kochi: Entry in Balance Sheet Amounts to Acknowledgment of Liability(23.02.2022)
National Company Law Tribunal, Kochi has reiterated that acknowledgement of debt in the balance sheet of the Corporate Debtor comes within the meaning.....
Tags : National Company Law Tribunal, Entry in Balance Sheet
NCLT, New Delhi: Proceedings u/s 95 IBC Shall Abate on Death of Personal Guarantor(11.03.2022)
National Company Law Tribunal, New Delhi has rejected an application filed by the Financial Creditor under Section 95 of the Insolvency and Bankruptcy.....
Tags : National Company Law Tribunal, Death of Personal Guarantor
NCLT Orders Insolvency Proceedings Against Supertech in Rs. 432 Crore Default Case(28.03.2022)
National Company Law Tribunal (NCLT) has declared Real estate developer Supertech bankrupt by the. The Court has ordered initiation of insolvency proc.....
Tags : National Company Law Tribunal, Supertech
National Company Law Tribunal Approves Plan to Revive Defunct Jet Airways(23.06.2021)
National Company Law Tribunal has approved a plan to revive the defunct Jet Airways submitted by the United Kingdom’s Kalrock Capital and the UAE-base.....
Tags : National Company Law Tribunal, Jet Airways
NCLT, Mumbai Directs Reliance Home Finance to Repay Dues to NCD Holders(25.06.2021)
National Company Law Tribunal, Mumbai has directed Reliance Home Finance Ltd (RHFL) to repay its debt obligations to 19,000 non-convertible debenture .....
Tags : National Company Law Tribunal, Reliance Home Finance
National Company Law Tribunal, Mumbai Orders Liquidation of Nakshatra World(29.06.2021)
National Company Law Tribunal (NCLT), Mumbai has ordered the liquidation of Nakshatra World, a subsidiary of Gitanjali Gems, one of the group companie.....
Tags : National Company Law Tribunal, Nakshatra World
NCLT Cuttack: CIRP Can’t be Initiated Over Undecided Claims or Unstamped Agreements(26.04.2022)
National Company Law Tribunal, Cuttack has ruled that Corporate Insolvency Resolution Process cannot be initiated based on undecided claims and/or uns.....
Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, compulsory registration
NCLT Kochi Allows Promoter of Corporate Debtor MSME to File Resolution Plan in Individual Capacity(07.05.2021)
National Company Law Tribunal, Kochi has held that the promoter of an MSME can submit a Resolution Plan Application in his individual capacity, and th.....
Tags : National Company Law Tribunal, Filing of Resolution Plan
NCLT: Promoters Cannot Escape Liquidation of Personal Assets(19.07.2017)
National Company Law Tribunal has held that personal properties of Promoters given as security to Banks can be proceeded against, in spite of initiati.....
Tags : National Company Law Tribunal, insolvency proceedings
NCLT: Proceedings u/s 138 NI Act Have Nothing To Do With Insolvency Application Under I&B Code(28.07.2017)
National Company Law Tribunal has ruled that disclosure of fact of initiation of proceedings u/s 138 of Negotiable Instruments Act in not necessary wh.....
Tags : National Company Law Tribunal, Insolvency and Bankruptcy Code
NCLT Delhi Seeks Reply of Bhushan Steel's Monitoring Committee on Policy for Retirement(07.08.2020)
National Company Law Tribunal, Delhi has sought response from the Monitoring Committee of Bhushan Power & Steel Limited in relation to its retirement .....
Tags : National Company Law Tribunal, Bhushan Power & Steel Limited
NCLT Clears IL&FS Education Arm Sale to JV Partner(03.09.2020)
National Company Law Tribunal has approved the sale of Schoolnet India, a subsidiary of IL&FS, to an arm of Lexington Equity Holdings (LEHL).
Tags : National Company law Tribunal, Schoolnet India
NCLT: Salary During Notice Period Does Not Fall Within the Definition of 'Operational Debt' Under IBC(26.05.2022)
National Company Law Tribunal, Mumbai Bench has held that salary for purported notice period amounts to specific performance of the appointment letter.....
Tags : National Company Law Tribunal, Operational Debt, Operational Creditor
Allahabad High Court Disallows Parallel Proceedings in NCLT and DRT(12.09.2017)
Allahabad High Court has barred parallel proceedings in National Company Law Tribunal (NCLT) and the Debt Recovery Tribunal (DRT) in a case between St.....
Tags : Allahabad High Court, National Company Law Tribunal, Debt Recovery Tribunal
NCLT, Mumbai Initiates Insolvency Process Against Anil Ambani Over Personal Guarantee(24.08.2020)
National Company Law Tribunal, Mumbai has allowed an application filed by State Bank of India to initiate insolvency proceedings against Reliance Comm.....
Tags : National Company law Tribunal, Anil Ambani
SC: Appeal to NCLAT Shall Be Filed Within Period of 30 Days(13.05.2022)
Supreme Court has reiterated that an appeal against the order of National Company Law Tribunal (NCLT) shall be filed before the NCLAT within a period.....
Tags : Supreme Court, National Company Law Tribunal , thirty days, fifteen days
SC: Appeal Under IBC is Valid Only if it is Initiated Within 30 days From Date of Order(17.05.2022)
Supreme Court has ruled that an appeal under the Insolvency and Bankruptcy Code, 2016 (IBC) is only acceptable if it is filed within 30 days from the .....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, 30 days, National Company Law Tribunal
NCLT, Bengaluru Dismisses Insolvency Petition Against Café Coffee Day(07.04.2022)
National Company Law Tribunal, Bengaluru has dismissed the insolvency petition filed against the parent company of Cafe Coffee Day namely Coffee Day G.....
Tags : National Company Law Tribunal, parent company, Cafe Coffee Day, Coffee Day Global Limited, Cooperative Rabobank U.A
NCLT, Kolkata: Corporate Debtor Cannot Be Sent Into Liquidation(08.04.2022)
National Company Law Tribunal, Kolkata has observed that just because the liquidation value is being projected higher than the value of the resolutio.....
Tags : National Company Law Tribunal, liquidation value, resolution plan, Corporate Debtor, liquidation
NCLT, Kolkata: IRP Against Legal Heirs of Personal Guarantor by Financial Creditor Not Permissible(11.04.2022)
National Company Law Tribunal, Kolkata has held that the application is not maintainable against legal heirs of the Personal Guarantor under the Insol.....
Tags : National Company Law Tribunal, Financial Creditor, Personal Guarantor, Bank of Baroda
Delhi HC Dismisses Tax Appeals Against Moser Baer in View of Liquidation Proceedings(12.04.2022)
Delhi High Court has dismissed the appeals against Moser Baer, filed by the income tax department in the light of the liquidation proceedings pending .....
Tags : Delhi High Court, Moser Baer, Liquidation Proceedings, income tax department, National Company Law Tribunal
NCLT, Kolkata: IRP Cannot be Maintained Against Legal Heirs of Personal Guarantor(12.04.2022)
National Company Law Tribunal, Kolkata has held that insolvency resolution process cannot be maintained against the legal heirs of the personal guaran.....
Tags : National Company Law Tribunal, Insolvency Resolution Process, legal heirs, Personal Guarantor
NCLT Dismisses Cyrus Mistry’s Plea to Transfer Case Against Tata Sons(09.10.2017)
National Company Law Tribunal (NCLT) has dismissed a petition moved by Cyrus Mistry’s firms seeking transfer of their company petition against Tata So.....
Tags : National Company Law Tribunal, Tata Sons
NCLT, Chennai: No Conflict Among Prohibition of Benami Property Transaction Act and IBC, 2016(06.05.2022)
National Company Law Tribunal, Chennai has ruled that there is no conflict between the Prohibition of Benami Property Transaction Act, 1988 and the In.....
Tags : National Company Law Tribunal, Prohibition of Benami Property Transaction Act, 1988, Insolvency and Bankruptcy Code, 2016, attachment of property
NCLT, Delhi: NCLT Empowered to Pierce Corporate Veil to Ascertain True Successful Bidder(11.05.2022)
National Company Law Tribunal, New Delhi has held that it has the power to pierce the corporate veil to establish the real successful bidder. The corp.....
Tags : National Company Law Tribunal, corporate personality, legitimate purposes