Tags : Credit information company, foreign investment
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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
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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
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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
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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
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NCLAT: AA Can Consider Any Application Arising Out Of Sale In Liquidation(19.10.2022)
National Company Law Appellate Tribunal, Delhi has observed that the Adjudicating Authority (AA) is empowered to consider any application filed by the.....
Tags : National Company Law Appellate Tribunal, Liquidator, Auction, Adjudicating Authority
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NCLAT Decides to Close Umang Realtech Insolvency Resolution Process(19.02.2020)
National Company Law Appellate Tribunal has decided to close the corporate insolvency resolution process against Umang Realtech if the company manages.....
Tags : National Company Law Appellate Tribunal, Umang Realtech Insolvency Resolution Process
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SC Stays Delhi HC’s Direction to Insurance Company to Provide Life-Time Warranty on Prosthetic Limbs(11.02.2021)
Supreme Court has issued notice in a plea filed challenging the Delhi High Court's order directing the Insurance Company to provide a life time warran.....
Tags : SC, Insurance Company
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NCLAT Rejects Government Plea to Remove Board of 63 Moons Technologies(13.03.2020)
National Company Law Appellate Tribunal has set aside the Government’s plea to supersede the board of 63 Moons Technologies. The Tribunal further uphe.....
Tags : National Company Law Appellate Tribunal, 63 Moon Technologies
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NCLAT: Mere Error of Address in Postal Receipt Does not Bely Sending of Notice(13.04.2022)
National Company Law Appellate Tribunal has observed that mere address error in Postal Receipt does not bely the sending of notice by Operational Cred.....
Tags : National Company Law Appellate Tribunal, Postal Receipt
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SC Sets Aside Delhi HC's Direction to Insurance Company to Plant 100 Trees(14.08.2020)
Supreme Court has set aside the direction issued by the Delhi High Court to Oriental Insurance Company Ltd to plant hundred trees in a claims matter.
Tags : Supreme Court, Oriental Insurance Company Ltd
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NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)
National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
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NCLAT: Successful Bidder Cannot be Permitted to Wriggle Out of Bid Claiming Conditional Offer(17.01.2022)
National Company Law Appellate Tribunal has held that a Successful Bidder cannot wriggle out of the contractual obligations and withdraw the bid after.....
Tags : National Company Law Appellate Tribunal, Successful Bidder
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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
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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
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NCLAT, Delhi: Operational Creditor is At Liberty to File Legal Proceedings to Recover Claims(21.02.2022)
National Company Law Appellate Tribunal (NCLAT), Delhi has held that the Operational Creditor is at liberty to file appropriate legal proceedings to r.....
Tags : National Company Law Appellate Tribunal, Operational Creditor
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Report on measures for improved monitoring of CSR released(01.01.1900)
A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....
Tags : Company, corporate social responsibility, report, high level
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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
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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
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NCLAT Refuses to Entertain Devas Shareholder's Appeal Against Order Appointing Liquidator(15.02.2021)
National Company Law Appellate Tribunal(NCLAT), Chennai has refused to entertain an appeal filed by Devas Mauritius Employees Private Ltd - a sharehol.....
Tags : National Company Law Appellate Tribunal, Devas Multimedia Private Ltd., Antrix Corporation Ltd
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NCLAT Sets Aside CAIT’s Plea Against Flipkart-Walmart Deal(13.03.2020)
National Company Law Appellate Tribunal has dismissed a Petition filed by Confederation of All India Traders (CAIT) against the Competition Commission.....
Tags : National Company Law Appellate Tribunal, Flipkart-Walmart Deal
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NCLAT Upholds NCLT's Order of No Insolvency Proceedings Against Tata Chemicals(20.08.2020)
National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Allied Silica Limited challenging the National Company Law Tribunal, .....
Tags : National Company Law Appellate Tribunal, Tata Chemicals
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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
read»
UBS AG no longer a banking company(19.05.2016)
The Reserve Bank of India notified USB AG, the Swiss multinational financial services firm, to have ceased being a ‘banking company’ under the Banking.....
Tags : Ubs, swiss, banking company, banking act
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NCLAT Withdraws Roster for Urgent Listing(24.03.2020)
National Company Law Appellate Tribunal (NCLAT) has withdrawn the rosters issued in regard to hearing of urgent matters on 25th March, 2020 and 1st Ap.....
Tags : National Company Law Appellate Tribunal, Withdrawal of rosters
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Principles of Natural Justice to be Followed Before Branding a Company a Shell Company: Gauhati HC(19.04.2019)
Gauhati High Court has held that an order branding any company as a shell company, without serving notice or hearing, violates principles of natural j.....
Tags : Gauhati High Court, Shell Company, Principles of Natural Justice
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National Company Law Appellate Tribunal (Salaries, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2015(19.08.2015)
The Central government issued the Rules, 2015, enumerating the benefits available to the Chairperson of the National Company Law Appellate Tribunal u.....
Tags : chairperson, company law appellate tribunal, benefits
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NCLAT Directs Partial Temporary Relaxation on Physical Filing Due to Surge in Covid 19 Cases(25.05.2021)
National Company Law Appellate Tribunal has directed partial temporary relaxation in physical filing as per its earlier Standard Operating Procedure d.....
Tags : National Company Law Appellate Tribunal, Partial Temporary Relaxation on Physical Filing
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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
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INSOLVENCY - NCLAT Allows Implementation of Arcelor Mittal's Resolution Plan for Essar Steel(19.03.2019)
National Company Law Appellate Tribunal (NCLAT) has given conditional approval to Arcelor Mittal's Rs 42,000 crore resolution plan for Essar Steel, su.....
Tags : National Company Law Appellate Tribunal, Arcelor Mittal, Essar Steel
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NCLAT: Asset Can be Kept Out of Liquidation Estate if Asset is Sub-Judice Before High Court(24.01.2022)
National Company Law Appellate Tribunal has held that an asset can be kept out of liquidation estate if the said asset is sub-judice before the High C.....
Tags : National Company Law Appellate Tribunal, Asset, Liquidation
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NCLAT: Creditors Belonging to Different Classes Can be Given Different Treatment(03.03.2020)
National Company Law Appellate Tribunal has reconfirmed the principle that the touchstone for judging the benevolence of a resolution plan does not de.....
Tags : National Company Law Appellate Tribunal, Differential Treatment of Creditors
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Bombay HC Orders Insurance Company To Pay Rs 38 lakh With 9% Interest to Family of Deceased Engineer(25.08.2015)
Bombay High Court has ordered insurance company to pay around Rs 38 lakh, along with 9% interest to wife, son and widowed mother of deceased victim, a.....
Tags : Bombay High Court,Insurance Company
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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
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NCLAT: No Bar in Pendency of Execution Proceedings u/s 9 IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the pendency of an execution petition does not bar the operational creditor from filing a pe.....
Tags : National Company Law Appellate Tribunal, execution petition, Section 9 of the Insolvency and Bankruptcy Code, 2016
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NCLAT Upholds CCI's Findings on Anti-Competitive Conduct by Malayalam Cinema Actors Body(18.03.2020)
National Company Law Appellate Tribunal has dismissed a bunch of Appeals filed by the Film Employees Federation of Kerala, Association of Malayalam Mo.....
Tags : National Company Law Appellate Tribunal, Malayalam Cinema Actors Body
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NCLAT Admits Jaiprakash Associates' Plea Against NCLT Order(04.06.2018)
National Company Law Appellate Tribunal (NCLAT) has admitted the petition of debt ridden Jaiprakash Associates challenging NCLT order, which had direc.....
Tags : National Company Law Appellate Tribunal
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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
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NCLAT, Delhi: Amount Given as Share Application Money is Not Covered Under Financial Debt(25.04.2022)
National Company Law Appellate Tribunal (NCLAT) , Delhi has held that money given as Share Application Money cannot be treated as a financial debt in .....
Tags : National Company Law Appellate Tribunal, Share Application Money
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Employee of company has same locus standi as creditor(24.08.2015)
A three-judge bench of the Madhya Pradesh High Court answered the question, whether an employee of a company qualifies as a creditor of the company, i.....
Tags : Employee, creditor, company, debt
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Government Notifies Constitution of NCLT and NCLAT(02.06.2016)
Government as a move to resolve corporate disputes faster and improve the ease of doing business in India has notified the constitution of the Nationa.....
Tags : Company Law Tribunal, National Company Law Appellate Tribunal
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ITAT, Delhi: Payment to Microsoft for Software Purchase Does Not Amount to Royalty(04.04.2022)
Income Tax Appellate Tribunal, Delhi has observed that the assesee, HP Services (Singapore) cannot be taxed for royalty as per the Indo-Singapore Doub.....
Tags : Income Tax Appellate Tribunal, HP Services, Indo-Singapore, Double Taxation Avoidance Agreement, Microsoft company
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No TDS on Broadcast Company on Channel Placement Fees: ITAT(23.04.2019)
Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that Tax Deduction at Source (TDS) provision will not be applicable for broadcast company .....
Tags : ITAT, Broadcast Company
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NCLAT: Section 43(1) of IBC applicable when Corporate Debtor has given a preference in transaction(09.12.2024)
National Company Law Appellate Tribunal (NCLAT) has observed that the condition precedent for attracting Section 43(1) of Insolvency and Bankruptcy Co.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016
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SC: Duty of the Insurance Company to Disclose All Material Facts Within Their Knowledge(09.08.2023)
Supreme Court has observed that it is the duty of the insurance company to disclose all material facts within their knowledge since the obligation of .....
Tags : Supreme Court, Insurance Company, Good Faith
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Form INC-1 No More Valid, MCA Advises to Use RUN / SPICe Form for Company Incorporation(31.01.2018)
Ministry of Corporate Affairs has announced that the Form INC-1 for which no incorporation forms were filed before 17th January has been expired. The .....
Tags : Company Incorporation
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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
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Allahabad HC: Director Not Involved in Day-to-Day Affairs of Company Cannot be Prosecuted(11.03.2022)
Allahabad High Court has held that a director, who is not involved in the day to day affairs of a company, cannot be prosecuted for the offence under .....
Tags : Allahabad High Court, Day-to-Day Affairs of Company
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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
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MAT no longer applicable to foreign companies(24.09.2015)
Government of India has decided that with effect from 01.04.2001, the provisions of Section 115JB of the Income Tax Act, 1961 will not be applicable t.....
Tags : Mat, 115jb, income tax, foreign company
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Contraband Smuggling: Delhi High Court Grants Bail to Trader(31.05.2023)
Delhi HC while granting bail to the owner of the truck from which heroin was intercepted, observed that prima facie he was used as an intermediary wit.....
Tags : Delhi High Court, Shree Balaji Trading Company, Smuggling
read»
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
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Calcutta HC: Electricity Distribution Company Can Install Electric Poll on Private Land(28.04.2022)
Calcutta High Court has observed that West Bengal State Electricity Distribution Company Limited has the right to install electric polls on private la.....
Tags : Calcutta High Court, West Bengal State Electricity Distribution Company Limited, electric connection
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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
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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
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NCLAT: Restoration Application Can't Be Dismissed if Filed Within 30 Days of Dismissal of OA(07.07.2025)
The National Company Law Appellate Tribunal (NCLAT) has held that a restoration application under Rule 48(2) of the National Company Law Tribunal Rule.....
Tags : National Company Law Appellate Tribunal, National Company Law Tribunal Rules, 2016, restoration application
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NCLAT Sets Aside NCLT Order Dismissing Initiation of CIRP Against Mittal Corp(15.09.2020)
National Company Law Appellate Tribunal (NCLAT) has set aside an order passed by the National Company Law Tribunal (NCLT), Mumbai which had dismissed .....
Tags : National Company Law Appellate Tribunal, Mittal Corp Limited
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NCLAT: Dissenting Financial Creditor Entitled to Liquidation Value of its Secured Interest only(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that as per Section 30(2)(b) of Insolvency and Bankruptcy Code, 2016 (IBC), a dissent.....
Tags : National Company Law Appellate Tribunal, Section 30(2)(b), Insolvency and Bankruptcy Code, 2016
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RBI imposes monetary penalty on Amrit Malwa Capital Limited, Jalandhar, Punjab(28.09.2021)
The Reserve Bank of India (RBI) has, by an order dated September 28, 2021, imposed a monetary penalty of Rs.10 lakh (Rupees Ten Lakh only) on Amrit Ma.....
Tags : Penalty, Imposition, Company
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NCLAT: Resolution Professional Cannot Withhold Any Plan and Refuse to Submit Before CoC(12.04.2022)
National Company Law Appellate Tribunal, has observed that Resolution Professional of its own cannot withhold any plan and reject to submit the same b.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Committee of Creditors
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NCLAT Sets Aside NCLT's Order for Acquisition of RICOH by Dharamshi- Jhunjhunwala Consortium(13.08.2020)
National Company Law Appellate Tribunal (NCLAT) has allowed the appeal challenging an order passed by National Company Law Tribunal (NCLT), Mumbai whi.....
Tags : National Company Law Appellate Tribunal, Acquisition of RICOH by Dharamshi- Jhunjhunwala Consortium
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NCLAT: NCLT Doesn't Have Power to Classify Transaction As Preferential Transaction(16.05.2022)
National Company Law Appellate Law Tribunal, has observed that NCLT does not have the power to suo-moto classify a transaction as a Preferential Trans.....
Tags : National Company Law Appellate Law Tribunal, Section 44, Insolvency and Bankruptcy Code, 2016, Preferential Transaction
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Gauhati High Court Sets Aside CCI Order Imposing Penalty on Cement Company(02.09.2024)
The Gauhati High Court has set aside an order passed by the Competition Commission of India (CCI) imposing a penalty of Rs. 5,00,000 on a Star Cement .....
Tags : Gauhati High Court, Competition Commission of India, Star Cement Company
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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
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NCLAT Seeks Clarity from Government and Agencies on JSW Steel Ltd Immunity(14.01.2020)
National Company Law Appellate Tribunal has directed the Enforcement Directorate and other investigative agencies to clarify whether JSW Steel Ltd wou.....
Tags : National Company Law Appellate Tribunal, JSW Steel Ltd., Immunity
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Colgate-Palmolive Successfully Books Indian Patent for a Powered Toothbrush(27.10.2015)
Colgate-Palmolive Company has received Indian patent for an invention titled Powered Toothbrush, as it has satisfactorily met with various objections .....
Tags : Colgate-Palmolive Company ,Powered Toothbrush, n Patent
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Companies (Acceptance of Deposits) Second Amendment Rules, 2015(15.09.2015)
The Ministry of Corporate Affairs notified amendment to Rule 2(i)(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014. Aside from being per.....
Tags : Company, director, funds, give, declaration
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SC: Court Cannot Direct Continued Maintenance by Insurance Company of Prosthetic Limb(18.08.2021)
Supreme Court has observed that while determining compensation under the Motor Vehicle Act, 1988, a Court cannot direct the continued maintenance by I.....
Tags : Supreme Court, Continued Maintenance by Insurance Company of Prosthetic Limb
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Madras HC: No Law Which Fixes Number of Persons Who Can Appear for/Accompany a Party to Court(08.11.2024)
Madras High Court while dismissing a petition seeking restriction on number of persons appearing and accompanying a VIP litigant, has stated that ther.....
Tags : Madras High Court, Enactment, Accompany
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Guj. HC: Electricity Co. Doesn’t Require Landowner's Consent for Laying Overhead Transmission Lines(10.08.2022)
Gujarat High Court has held that an electricity company does not require the consent of a private landowner to lay overhead high tension transmission .....
Tags : Gujarat High Court, Transmission Lines, Compensation, Electricity Company
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RBI Notifies P2P Lending Platforms as NBFCs(21.09.2017)
Reserve Bank of India has notified that Peer-to-Peer (P2P) lending platforms will fall under the ambit of a Non-Banking Financial Company (NBFC).
Tags : Reserve Bank of India, Non-Banking Financial Company
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Delhi HC Upholds Vires Of Section 4(b) of Sick Industrial Companies (Special Provisions) Repeal Act(08.12.2017)
Delhi High Court has upheld the constitutional validity of Section 4(b) of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003.
Tags : Delhi High Court , Company Law
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NCLAT Sets Aside Plea to Initiate Insolvency Proceedings Against Intex Technologies(30.10.2019)
National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to initiate insolvency proceedings against smartphone and mobile accessories make.....
Tags : National Company Law Appellate Tribunal, Intex Technologies India Ltd.
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ITAT, Mumbai: Company Granting Bonus to Employees or Shareholder Entitled to Tax Benefits(25.11.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the company which is granting bonuses to its employees or shareholders is entitled to tax b.....
Tags : Income Tax Appellate Tribunal, Company Granting Bonus
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Delhi High Court: Banks Cannot Be Accused of Defamation, Calling a Company 'Fraud' Not Defamatory(29.10.2025)
Delhi High Court held that banks cannot be summoned as accused for defamation, as they lack the requisite mens rea or state of mind needed to constitu.....
Tags : Accused, Defamation, Company
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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
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NCLAT: Liability of Personal Guarantor Survives Even on Becoming Citizen of Foreign Country(02.08.2022)
National Company Law Appellate Tribunal (NCLAT), New Delhi Bench has held that liability of Personal Guarantor doesn’t extinguishes upon subsequent ac.....
Tags : National Company Law Appellate Tribunal, Personal Guarantor, Foreign Citizenship
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Supreme Court: Fake Driver’s License Doesn’t Free Insurer Unless Owner Allowed Violation(09.10.2025)
Supreme Court ruled that an insurance company cannot recover compensation from a vehicle owner solely because the driver used a fake license, providin.....
Tags : Driver’s License, Insurer, Insurance Company
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Calcutta HC: Employee Looking for Another Job with Rival Company Isn’t Contrary(29.08.2025)
Calcutta High Court has held that an employee looking for another job, even if with a rival company (though, not proved in this case) with better perk.....
Tags : Calcutta High Court, Rival Company, Better Perks
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NCLAT, Delhi: Time Period Under Regulation 35A is Directory, Not Mandatory(27.04.2022)
National Company Law Appellate Tribunal, has observed that period of time prescribed under Regulation 35A of the IBBI (Insolvency Resolution Process f.....
Tags : National Company Law Appellate Tribunal, Regulation 35A, IBBI (Insolvency Resolution Process for Corporate Persons) (CIRP) Regulations, 2016
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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
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SC: Only Person Responsible for the Conduct of Company’s Business is Liable for Dishonour of Cheque(11.10.2023)
Supreme Court has held that only that person who, at the time the offence was committed, was in charge and responsible to the company for the conduct .....
Tags : Supreme Court, Dishonour of Cheque, Company
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NCLAT Directs NBCC to Implement Resolution Plan Pending Appeal in Jaypee Infratech Matter(27.04.2020)
National Company Law Appellate Tribunal has declined to stay the implementation of the modified resolution plan and directed NBCC Limited to acquire t.....
Tags : National Company Law Appellate Tribunal, Jaypee Infratech
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NCLAT Delhi: Resolution Professional Cannot Decide Eligibility Under Section 29A IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional is not required to take a decision in regard to the ineligibili.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Section 29A of the Insolvency & Bankruptcy Code, 2016, Resolution Applicant
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NCLAT: Territorial Jurisdiction Cannot be Taken Away by Agreement Between Parties(28.04.2022)
National Company Law Appellate Tribunal has observed that the territorial jurisdiction of NCLT to decide a case under the Insolvency and Bankruptcy Co.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, territorial jurisdiction
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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
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Government Notifies Merger of COMPAT with NCLAT(30.05.2017)
Government of India (GoI) has notified May 26, 2017 as the day on which appeals that were previously being heard by Competition Appellate Tribunal (CO.....
Tags : Government of India, Competition Appellate Tribunal, National Company Law Appellate Tribunal
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NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)
National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....
Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016
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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
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NCLAT Rules 'Dispute' As Defined in IBC is Illustrative and Not Exhaustive(25.05.2017)
National Company Law Appellate Tribunal has held that the term “dispute” as defined in Insolvency and Bankruptcy Code (S. 9) is illustrative and not e.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code
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Kerala High Court Recommends Parliament to Amend Criminal Procedural Law(29.07.2025)
Kerala High Court while hearing a case regarding prosecution of a dissolved company accused of cheating, has recommended Parliament to amend criminal .....
Tags : Kerala High Court, Criminal Procedural Law, Struck Off Company
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SC Directs Bajaj Allianz to Come Up with Draft Guidelines for Compensation Disbursement Process(15.02.2021)
Supreme Court has directed the Bajaj Allianz General Insurance Company, to come up with draft guidelines for facilitating compensation disbursement pr.....
Tags : Supreme Court, Bajaj Allianz General Insurance Company, Compensation Disbursement Process
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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
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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.
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NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)
National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
read»
Cal. HC: Cheating Case Against Directors Can’t Survive w/o Impleading Company(12.09.2023)
Calcutta High Court has held that when the agreement was entered into by and between the companies, criminal proceedings in a cheating case can’t surv.....
Tags : Calcutta High Court, Directors, Impleading Company
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NCLT Ahmedabad: Complaints Against Auditors or Company Secretaries Not Grounds for Company Probe(11.12.2025)
NCLT Ahmedabad held that complaints of professional misconduct against auditors or company secretaries cannot justify an SFIO investigation under Sect.....
Tags : Complaints, Auditors, Company Secretaries
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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.
read»
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
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NCLAT: Resolution Professional Can Submit An Additional Report Under Section 99 I&B Code(29.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional can submit an additional report under Section 99 of the Insolven.....
Tags : National Company Law Appellate Tribunal, Section 99, Insolvency & Bankruptcy Code, 2016
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NCLAT Declines Plea Challenging Order Approving Piramal Bid for DHFL(29.06.2021)
National Company Law Appellate Tribunal has declined a plea by US-based Prudential International Insurance Holdings Ltd challenging a National Company.....
Tags : National Company Law Appellate Tribunal, Prudential International Insurance Holdings Ltd
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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
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Supreme Court to NCLT : Limit Power to Decide Intellectual Property Title Disputes under IBC(23.01.2026)
Supreme Court ruled that NCLT, while acting under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), has limited jurisdiction and cannot decid.....
Tags : National Company Law Tribunal, Jurisdiction, Insolvency and Bankruptcy Code
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Supreme Court: Company Buying Software for Efficiency and Profit Is Not a ‘Consumer’ under CPA(14.11.2025)
Supreme Court ruled that a person buying a product for commercial purposes linked to profit generation cannot be a consumer under the Consumer Protect.....
Tags : Company, Consumer Protection Act, Software
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Bombay HC: NCLAT Has No Jurisdiction Over Petition Under Arbitration Act(14.04.2021)
Bombay High Court has held that the National Company Law Appellate Tribunal has absolutely no jurisdiction over it in a petition under the Arbitration.....
Tags : Bombay High Court, National Company law Appellate Tribunal, Jurisdiction Over Petition Under Arbitration Act
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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.
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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
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Jh. HC: Can’t Rule Out Insurance Company’s Liability Only because Claimants Provide Wrong Policy No.(21.04.2025)
Jharkhand HC has observed that merely providing a wrong policy number by claimants, liability of the insurance company cannot be ruled out because cla.....
Tags : Jharkhand High Court, Company’s Liability, Wrong Policy
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NCLAT: Amounts Listed As ‘Other Advances’ in Company’s Balance Sheet aren’t Financial Debt under IBC(12.12.2025)
NCLAT, Delhi, recently held that amounts recorded as “other advances” in a company’s balance sheet, including long-standing advances with no repayment.....
Tags : Insolvency and Bankruptcy Code, Other Advances, Company
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SC: Insurance Co. Not Liable if Claimant Was Travelling In Un-Insured Trailer(31.08.2023)
Supreme Court has held that liability cannot be fastened on the Insurance Company when the claimant was travelling in the trailer which was not insure.....
Tags : Supreme Court, Insurance Company, Tractor, Liability
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NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues(16.05.2022)
National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for .....
Tags : National Company Law Appellate Tribunal, Leave Encashment, Corporate Debtor, Section 9, Insolvency & Bankruptcy Code, 2016, superannuation dues
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MCA Notifies Procedure for Disposal of Application for Conversion of Public Company into Private(27.01.2021)
Ministry of Corporate Affairs (MCA) has notified the procedure for disposal of application for conversion of a public company into private in case of .....
Tags : Ministry of Corporate Affairs, Disposal of Application for Conversion of Public Company to Private
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SC: NCLAT Has No Jurisdiction to Condone Delay Exceeding 15 Days From Period Of 30 Days(15.09.2021)
Supreme Court observed that the National Company Law Appellate Tribunal (NCLAT) has no jurisdiction to condone the delay exceeding 15 days from the pe.....
Tags : Supreme Court, National Company Law Appellate Tribunal, Condonation of Delay
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Delhi HC: Director Disputes in a Company Do Not Qualify as Genuine Hardship to Delay ITR Filing(09.12.2025)
Delhi High Court held that internal disputes among company directors do not constitute 'genuine hardship' under Section 119(2)(b) of the Income Tax Ac.....
Tags : Director, Company, ITR Filing
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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
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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
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NCLAT, Delhi: Fresh Resolution Plan Cannot be Considered by Committee of Creditors(25.04.2022)
National Company Law Appellate Tribunal (NCLAT), Delhi has held that a fresh resolution plan cannot be considered by a Committee of Creditors (COC) on.....
Tags : National Company Law Appellate Tribunal, Fresh Resolution Plan
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Court dismisses food adulteration proceedings against Kishore Biyani(29.09.2015)
In a case where upon finding a violation of the Prevention of Food Adulteration Rules, 1955 for insufficient information on the label of ‘Chana Besan’.....
Tags : Food adulteration, vicarious, management, company, misbranding
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Kerala HC: Diocese Not Entitled to Claim Compensation for Death of Deceased Priest(21.01.2025)
Kerala High Court while hearing an appeal filed by insurance company against the grant of insurance money to the Diocese over the death of a priest fr.....
Tags : Kerala High Court, Deceased Priest, Insurance Company
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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
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NCLAT: Payment of Lease Amount, Rent & Premium Arising During CIRP Cannot Be Considered as CIRP Costs(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that the payment of lease amount, lease rent and premium arising during CIRP cannot b.....
Tags : National Company Law Appellate Tribunal, CIRP Cost, Section 14, Insolvency and Bankruptcy Code, 2016
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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
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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
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Delhi HC: Employees Strictly Liable to Return Company Property Upon Termination of Employment(28.10.2025)
Delhi High Court held that under Section 452 of the Companies Act, 2013, an employee is strictly liable to return all company property upon the termin.....
Tags : Employee, Company, Termination
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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
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NCLAT, New Delhi Dismisses NOIDA Appeal Against Order Directing Participation in CIRP Process(09.03.2022)
National Company Law Appellate Tribunal, New Delhi has dismissed the Appeal preferred by New Okhla Industrial Development Authority (NOIDA) against th.....
Tags : National Company Law Appellate Tribunal, Participation in CIRP Process
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Delhi HC: Breach of Contract u/s 74 Not Applicable at Pre-Formation Stage(07.04.2022)
Delhi High Court has admitted a writ petition that seeks refund of bid security paid by Indian Hotels Company Limited (IHCL) and has dismissed the all.....
Tags : Delhi High Court, bid security, Indian Hotels Company Limited, pre-formation stage, breach of contract
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NCLAT: If Credit Facility Agreement is Unstamped, Petition U/S Section 7 is Maintainable(29.04.2022)
National Company Law Appellate Tribunal has observed that if a credit facility agreement is unstamped, then petition under Section 7 of the Insolvency.....
Tags : National Company Law Appellate Tribunal, credit facility, Section 7, Insolvency and Bankruptcy Code, 2016
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NGT: Uttarakhand Floods Not 'Act of God'(26.08.2016)
National Green Tribunal while rejecting GVK Group firm Alaknanda Hydro Power Company's contention that the 2013 cloudburst and floods in Uttarakhand w.....
Tags : National Green Tribunal, Alaknanda Hydro Power Company
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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
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NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP(12.05.2022)
National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy .....
Tags : National Company Law Appellate Tribunal, Section 7, Insolvency and Bankruptcy Code, 2016, threshold, One Crore
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Titanium Company Scam: Kerala High Court Orders CBI Investigation(16.11.2023)
Kerala HC has directed the Central Government to order the CBI to investigate the corruption allegations involving high officials of Titanium Company .....
Tags : Kerala HC , CBI , Titanium Company , Metallurgical & Engineering Consultants (India) Limited
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Ker HC: Requirement to Intimate Transfer of Vehicle to Insurance Company Under MV Act Only Directory(01.11.2022)
Kerala High Court has held that provision under Section 157(2) of Motor Vehicles (MV) Act, 1988 to intimate about the transfer of a vehicle to the Ins.....
Tags : Kerala High Court, Motor Vehicles, Insurance Company
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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
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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
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National Company Law Appellate Tribunal Sets Aside Flipkart’s Insolvency Proceedings(28.02.2020)
National Company Law Appellate Tribunal has set aside the order of the National Company Law Tribunal to initiate insolvency proceedings against Flipka.....
Tags : National Company Law Appellate Tribunal, Flipkart’s Insolvency Proceedings
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Supreme Court: Burden to Prove that Insured Suppressed Material Facts is Upon the Insurer(15.04.2024)
Supreme Court has held that if the insurance company repudiates the insurance claim on the ground that the insured had suppressed other policies taken.....
Tags : Supreme Court, Insurance Company, Burden to Prove
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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
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NCLAT, Delhi: Quantum of Debt Not to be Decided At Stage of Admission of S. 7 IBC Application(18.04.2022)
National Company Law Appellate Tribunal, Delhi has observed that the quantum of debt is not to be considered at the stage of admission of a petition u.....
Tags : National Company Law Appellate Tribunal, Section 7 of the Insolvency and Bankruptcy Code, 2016, admission
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Del. HC: Can’t Tax Services Provided to Indian Customers for Use of Process by Assessee Company(26.07.2024)
Delhi High Court has held that, for the services provided to Indian customers outside the territory of India in connection with use of process or equi.....
Tags : Delhi High Court, Assessee Company, Royalty
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Greater vigilance for multiple directorships and common addresses of companies(03.11.2015)
The Special Investigation Team has sought permission from the Ministry of Corporate Affairs to take action against violations of the Companies Act, 19.....
Tags : Company, address, operating, directorship
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CCI Permits Union Bank's 49% Stake Buy in Union KBC AMC(31.12.2015)
Central Information Commission (CIC)has approved Union Bank of India's proposed acquisition of 49 per cent stake in Union KBC Asset Management Company.....
Tags : Central Information Commission , Union KBC Asset Management Company
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Converting Company to LLP is a ‘Transfer’: ITAT(07.12.2018)
Income Tax Appellate Tribunal (ITAT) has held that the conversion of a company into an LLP constitutes a “transfer” for the purpose of the Income Tax .....
Tags : ITAT, Converting Company to LLP
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NCLAT, Delhi: Order of Mediation Along with Dishonoured Cheques Not Extension of Limitation(14.02.2022)
National Company Law Appellate Tribunal, Delhi has held that an order of mediation along with dishonoured cheques does not imply an extension of limi.....
Tags : National Company Law Appellate Tribunal, Extension of Limitation
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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
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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
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NCLAT Chennai: Corporate IRP Can be Resume on Failure of Settlement Agreement(02.05.2022)
National Company Law Appellate Tribunal, Chennai has observed that Corporate Insolvency Resolution Process can be revive/resume in case of failure of .....
Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process
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Gujarat HC: Principle of Mutuality Applies to Club Run by a Company(23.06.2017)
Gujarat High Court, while deleting addition in respect of life membership and entrance fees received by assessee-Company, held that principle of mutua.....
Tags : Gujarat High Court, company
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NCLT: Committee of Creditors Are Competent to Revise Approved Fees of Resolution Professional(09.05.2022)
National Company Law Appellate Tribunal has ruled that the Committee of Creditors is fully competent to revise its earlier approval of the fees of the.....
Tags : National Company Law Appellate Tribunal, Committee of Creditors, Resolution Professional
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Gau HC: Insurance Co. Not liable to Pay Compensation for Death of Gratuitous Passenger(20.03.2023)
Gauahti High Court has held that Insurance Company is not liable to pay compensation for the death of gratuitous passengers travelling in goods vehicl.....
Tags : Gauahti High Court, Compensation, Gratuitous Passenger, Insurance Company
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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
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Investment can’t be Written Off as Bad Debt if Project fails to Take Off: ITAT(12.10.2018)
Income Tax Appellate Tribunal (ITAT ) has given major setback to Aditya Birla Power Company Limited and held that investment in the project which fail.....
Tags : ITAT, Investment, Aditya Birla Power Company Limited
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NCLAT, Delhi: Arrears of Salary Accumulated for More Than Three Years Are Not Eligible for CIRP(13.05.2022)
National Company Law Appellate Tribunal, New Delhi has ruled that arrears of salary due beyond a period of three years would be barred by limitation f.....
Tags : National Company Law Appellate Tribunal, three years, Corporate Insolvency Resolution Process, limitation
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Uttarakhand High Court Orders Ramdev Company to Share Profits with Locals(29.12.2018)
Uttarakhand High Court has directed a company run by yoga guru Ramdev to share a percentage of its profits with local farmers and communities.
Tags : Uttarakhand High Court, Ramdev Company, Share Profits with Locals
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Supreme Court Extends Free Ride On DND Expressway For Eight Weeks(23.01.2017)
Supreme Court, while extending free ride on Delhi-Noida DND flyway for another eight weeks, has given two more months time to Comptroller and Auditor .....
Tags : Supreme Court, DND Expressway, Toll, Noida Toll Bridge Company
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Central Registration Centre established under Companies Act, 2013(22.01.2016)
The Ministry of Corporate Affairs has established a Central Registration Centre to process and decide applications for reservation of names under the .....
Tags : Central registration, company, name, reservation
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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
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NCLAT: Oppression & Mismanagement Petition Cannot Be Filed Without Company Membership on Filing Date(26.12.2025)
NCLAT Chennai reaffirmed that a petition alleging oppression and mismanagement under Sections 241 and 244 of the Companies Act, 2013, is not maintaina.....
Tags : Oppression, Mismanagement, Company Membership
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NCLAT: Liquidator Must Obtain NCLT Approval Before Conducting Private Sale(10.11.2025)
National Company Law Appellate Tribunal (NCLAT) New Delhi held that a liquidator cannot conduct a private sale without NCLT approval under Regulation .....
Tags : National Company Law Appellate Tribunal , Liquidator, Private Sale
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Insurance Company to be Liable Even if Insurance Policy Not Transferred(17.09.2024)
Allahabad HC has stated that even if the insurance policy of vehicle is not transferred, the insurance company would become liable under the policy to.....
Tags : Allahabad High Court, Insurance Company, Transferee
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Notification regarding specified bank to mean a banking company which is a scheduled bank and has been appointed as an agent under Section 45 of Reserve Bank of India Act, 1934(02.09.2021)
In exercise of the powers conferred by clause (a) of Explanation to section 194P of the Income-tax Act, 1961 (43 of 1961), the Central Government here.....
Tags : Specified bank, Banking company, Notification
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Supreme Court Allows Vedanta Limited to Bid for National Aluminium Company Limited’s Alumina Tenders(15.01.2020)
Supreme Court has allowed Vedanta Limited to bid for alumina tenders by National Aluminium Company Limited (NALCO). The Court said that Vedanta Limite.....
Tags : Supreme Court, Vedanta, National Aluminium Company Limited
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NCLAT: Registration of Vehicle Does Not Qualify As Registered ‘Charge’ for Valid Claim(30.10.2020)
National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Volkswagen Finance Pvt Ltd against an order of the National Company L.....
Tags : National Company law Appellate Tribunal, Registration of Vehicle
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Delhi High Court: Allegations of Forgery Alone Do not Bar NCLT From Examining Company Records(08.12.2025)
Delhi High Court held that mere claims of fraud or forgery cannot be used to oust the NCLT’s jurisdiction, and civil courts cannot entertain parallel .....
Tags : Forgery, Company Records, Jurisdiction
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Chhattisgarh HC: Director Cannot Be Prosecuted u/s 138 of Negotiable Instruments Act(30.03.2022)
Chhattisgarh High Court has held that a director could not be charged under Section 138 of the Negotiable Instruments Act, 1881 without the company be.....
Tags : Chhattisgarh High Court, Section 138 of the Negotiable Instruments Act, Company
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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
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NCLAT Stays Vedanta Group’s Winning Bid for Videocon Industries(20.07.2021)
National Company Law Appellate Tribunal (NCLAT) has stayed Vedanta Group’s winning bid for debt-laden Videocon Industries after an appeal by dissentin.....
Tags : National Company Law Appellate Tribunal, Videocon Industries
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Madras HC Orders Insurance Company to Implement Centre's Circular Regarding Women Employees’ Transfer(14.12.2015)
Madras High Court has ordered Chairman of National Insurance Company to implement circular issued by Centre directing insurance companies to post/tran.....
Tags : Madras High Court, National Insurance Company , women employees
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Form INC-1 No More Valid, MCA Advises to Use RUN / SPICe Form for Company Incorporation(31.01.2018)
Ministry of Corporate Affairs has announced that the Form INC-1 for which no incorporation forms were filed before 17th January has been expired. The .....
Tags : Company Incorporation
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Delhi HC Bars Rupa from Selling 'Coat-Pocket' Constitution Edition in EBC-Like Trade Dress(01.10.2025)
Delhi High Court, in a trademark infringement suit filed by Eastern Book Company (EBC), restrained Rupa Publications from publishing or selling its 'c.....
Tags : Rupa, Eastern Book Company, Trademark
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Karnataka HC to Hear Challenge to Promotion and Regulation of Online Gaming Act 2025(28.08.2025)
Karnataka High Court is set to hear a plea by an online gaming company challenging the Promotion and Regulation of Online Gaming Act, 2025 which seeks.....
Tags : Karnataka High Court, Online Gaming Company, Bank Services
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CCI Orders Enquiry Against A Leading Taxi Aggregator For Predatory Pricing(21.09.2015)
Competition Commission of India (CCI) has ordered an enquiry against a leading taxi aggregator company in India for alleged indulging in predatory pri.....
Tags : Competition Commission of India,taxi aggregator company
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Kerala High Court Permits Minor Girl to Accompany Her Father to Sabarimala Temple(18.08.2021)
Kerala High Court has passed an interim order permitting a 9-yr-old girl to accompany her father to the Sabarimala temple for darshan. The Court has c.....
Tags : Kerala High Court, Minor Girl to Accompany Her Father to Sabarimala Temple
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Calcutta HC: Insurance Company Must Not Withhold Claim Once Liability is Established(22.05.2025)
Calcutta High Court has observed that the claim amount must not be withheld by Insurance Company once there is establishment of liability or quantum o.....
Tags : Calcutta High Court, Insurance Company, Insurance Policy
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Hyderabad High Court Directs Auction of Agrigold Assets(28.12.2015)
Hyderabad High Court has directed to sell the assets of Agrigold company for returning the customers’ money.
Tags : Hyderabad High Court, Agrigold company
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NCLAT Upholds Insolvency Proceedings Against Housing Development & Infrastructure Ltd.(21.07.2020)
National Company Law Appellate Tribunal (NCLAT) has upheld the order against the real estate giant, Housing Development & Infrastructure Limited (HDIL.....
Tags : National Company Law Appellate Tribunal, Housing Development & Infrastructure Limited
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Companies (Incorporation) Amendment Rules, 2016(22.01.2016)
The Ministry of Corporate Affairs has notified Companies (Incorporation) Am.....Tags : Company, incorporation, reservation of name
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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
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Karnataka HC Set Aside Criminal Case against Founders of Unocoin Company(02.03.2021)
Karnataka High Court set aside the criminal case against founders namely B V Harish and Sathvik Vishwanath of Unocoin company for setting up a Bitcoin.....
Tags : Karnataka High Court, Unocoin Company
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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
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JKL HC: Can’t Attach Vicarious Liability of Officials Unless Statute Specifically Provides So(13.03.2023)
Jammu and Kashmir and Ladakh High Court has observed that when the company is an offender, it is trite position of criminal jurisprudence that no vica.....
Tags : Jammu and Kashmir and Ladakh High Court, Vicarious Liability, Company
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NCLAT: Article 1 of Limitation Act,1963 not Apply to Proceedings Under IB Code, 2016(26.05.2022)
National Company Law Appellate Tribunal (NCLAT) Principal Bench has held that the Article 1 of Limitation Act, 1963 is not applicable to the Petition .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, Limitation
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NCLAT Sets Aside NCLT Order to Add MCA as Party in All IBC Cases and Company Petitions(26.05.2020)
National Company Law Appellate Tribunal (NCLAT) has set aside an order of National Company Law Tribunal (NCLT) which mandated the impleadment of the U.....
Tags : National Company Law Appellate Tribunal, Ministry of Corporate Affairs, Party to IBC Matters
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NHRC Issues Notice to Centre Over Anti-Labour Practices at a Warehouse of a Multi-National Company(20.06.2024)
National Human Rights Commission (NHRC) has issued a notice to Centre over anti-labour practices at one of the ware-houses of a multi-national company.....
Tags : NHRC, Anti-Labour Practices, Multi-National Company
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Supreme Court Upholds AP High Court Judgment Annulling 'Hereditary Job' Scheme in SCCL(20.04.2017)
Supreme Court has upheld Andhra Pradesh High Court judgment which had quashed ‘hereditary jobs’ scheme for Singareni Collieries Company Limited (SCCL).....
Tags : Supreme Court, Singareni Collieries Company Limited, hereditary jobs
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Gujarat HC Issues Notice to GIFT City(17.02.2016)
Gujarat HC has issued a notice to Gujarat Internat-ional Finance Tec-City Company (GIFT City) after hearing a public interest litigation (PIL) that a.....
Tags : Gujarat HC , Gujarat Internat-ional Finance Tec-City Company
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Delhi HC Delineates Circumstances to Invoke Group of Companies Doctrine(11.10.2022)
Delhi High Court has held each Company is a separate legal entity, hence, an agreement entered into by one of the Companies in a group, cannot be bind.....
Tags : Delhi High Court, Group of Company, Arbitration Agreement
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NCLAT: 'Success Fees' is of Contingent and Speculative Nature; Not a Part of IBC(23.09.2021)
National Company Appellate Law Tribunal has held that 'success fees' which is more in the nature of contingency and speculative, is not a part of the .....
Tags : National Company Appellate Law Tribunal, Success Fees
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NCLAT Grants Shareholding Waiver to Mistry(22.09.2017)
National Company Law Appellate Tribunal (NCLAT) has waived the minimum shareholding rule for Ousted Tata Sons chairman Cyrus Mistry to file a case of .....
Tags : National Company Law Appellate Tribunal
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NCLAT Turns Down Reference Seeking Re-Consideration of Decision in V. Padamakumar Case(23.12.2020)
National Company Law Appellate Tribunal has turned down a reference made by a three-member Bench, seeking re-consideration of the decision in V. Padam.....
Tags : National Company Law Appellate Tribunal, V. Padamakumar v. Stressed Assets Stabilization Fund (SASF) & Anr.
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SC: Mere Delay in Intimating Insurance Company of Occurrence of Theft Not Grounds to Deny Claim(20.09.2021)
Supreme Court has observed that mere delay in intimating the insurance company about the occurrence of the theft cannot be a ground to deny the insura.....
Tags : Supreme Court, Delay in Intimating Insurance Company
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National Company Law Tribunal effective 1 June 2016(01.06.2016)
The Central Government constituted the National Company Law Tribunal and Appellate Tribunal for hearing matters arising under the Companies Act and th.....
Tags : companies act, bankruptcy code, company law tribunal
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NCLAT Upholds Imposition of Rs. 1337.76 Crores Penalty on Google by CCI(30.03.2023)
National Company Law Appellate Tribunal has dismissed Google’s appeal against CCI order (MANU/CO/0089/2022) which imposed a penalty of Rs. 1337.76 Cro.....
Tags : National Company Law Appellate Tribunal, Google, CCI, Dominant Position, Abuse
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Staff Entitled to Know About Financial Status of Company: CIC(26.04.2019)
Central Information Commission has held that an employee is entitled to know under Right to Information Act, 2005 about the financial status of the em.....
Tags : Central Information Commission, Staff Entitled to Know About Financial Status of Company
read»
Hindustan Motors continues to roll on its last cylinder(28.09.2015)
Hindustan Motors was granted reprieve against an order of the Board for Industrial and Financial Reconstruction restraining it from disposing of its a.....
Tags : Hindustan motors, sick, company, formal order
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Del. HC: Whether an Entity is a Permanent Establishment of Foreign Company is a Fact Specific Issue(20.01.2025)
Delhi High Court has held that the position of a Permanent Establishment of Foreign Company being a facts-specific issue is liable to be examined agai.....
Tags : Delhi High Court, Permanent Establishment, Foreign Company
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Insurance Company can't Unilaterally Delete Policy Terms to Reduce Coverage: SC(01.02.2019)
Supreme Court has quashed the action of New India Assurance Company Ltd. in unilaterally deleting policy terms to reduce coverage and also held that a.....
Tags : Supreme Court, Insurance Company
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Delhi HC: Disclosure of Company Disputes to Concerned Party Doesn’t Amount to Defamation(09.10.2025)
Delhi High Court observed that communications made in the context of ongoing legal disputes, aimed at protecting a company’s financial interests, are .....
Tags : Company, Disputes, Defamation
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SC: Generating Company & Distribution Licensee Can’t by Private Agreement, Execute PPA on their Own(01.09.2025)
SC has stated that a generating company and a distribution licensee cannot, by private agreement, execute a PPA on their own or stipulate tariff there.....
Tags : Supreme Court, Generating Company, Distribution Licensee
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LCIA Rules Against Djibouti’s Port Company in Dispute with DP World(13.07.2021)
London Court of International Arbitration (LCIA) has ruled against Djibouti’s port company, Port de Djibouti S.A. (PDSA), in its dispute with DP World.....
Tags : London Court of International Arbitration, Djibouti’s Port Company
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J&K: Insurance Company Bound to Pay the Claim Against the Sum Insured(18.10.2024)
J&K High Court has observed that the Insurance Company is bound to pay the claim against the sum insured. It is not the business of the Insurance Comp.....
Tags : J&K High Court, Insurance Company, Sum Insured
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AP High Court Vacates Stay on Genco’s Pre-closure Order(01.11.2019)
Andhra Pradesh High Court has vacated the stay imposed by it on the order given by APGenco for termination of the Polavaram hydel power plant contract.....
Tags : Andhra Pradesh High Court, APGenco, Navayuga Engineering Company Limited
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HP HC: Insurance Company Not Liable to Provide Compe. for Injuries Sustained by Gratuitous Passenger(05.05.2025)
HP HC while holding that an insurance company is not liable to provide compensation for injuries sustained by a gratuitous passenger has held that the.....
Tags : HP High Court, Insurance Company, Gratuitous Passenger
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NCLT Mumbai: Oppression Claims Against Majority Shareholders Do not Justify Winding up a Company(16.12.2025)
NCLT Mumbai dismissed a winding-up plea against Nissan Motor India's former partner Hover Automotive India, ruling that allegations of oppression by m.....
Tags : Shareholders, Company, Claims
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#Insolvency Code: NCLAT Sets Aside Inox Wind’s Insolvency Proceedings(31.07.2017)
National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Inox Wind Ltd, on grounds that “principles of natural jus.....
Tags : National Company Law Appellate Tribunal, Inox
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Companies (Share Capital and Debentures) Third Amendment Rules, 2016(19.07.2016)
The government introduced the Companies (Share Capital and Debentures) Third Amendment Rules 2016, amending the extant 2014 rules.
Among th.....
Tags : company, share capital, rules, amendment, 2016
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NCLAT: Single WhatsApp Message Sent Long Ago Can't Become Foundation to Reject Petition U/S 9 of IBC(07.07.2025)
National Company Law Appellate Tribunal has held that a single WhatsApp message sent long ago, without any reference to any specific invoice or the am.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
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Draft to determine company’s ‘Place of Effective Management’(23.12.2015)
The Ministry of Finance has released draft guidelines proposing principles to determine the ‘place of effective management’ of a company, for the purp.....
Tags : Income tax, company, effect management, draft, principles
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Delhi HC Restrains UK-based Portal From Copying Contents of OLX(27.12.2016)
Delhi High Court has permanently restrained a UK-based online classifieds company and its website from copying material and contents of OLX, an Indian.....
Tags : Delhi HC, OLX, classifieds company
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