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