27 June 2022


Search Results for Tag : National Company Law Appellate Tribunal

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SC Stays NCLAT Order Allowing Reliance Communication to Sell Tower Assets(16.04.2018)

Supreme Court has stayed National Company Law Appellate Tribunal’s (NCLAT) order that allowed selling of towers and fibre assets by Reliance Communica.....

Tags : Supreme Court, National Company Law Appellate Tribunal, Reliance Communications

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National Company Law Appellate Tribunal Orders Reverse Real Estate Insolvency Process(12.02.2020)

National Company Law Appellate Tribunal has passed an order for a reverse insolvency process, which could set a template for stressed real estate proj.....

Tags : National Company Law Appellate Tribunal, Reverse Real Estate Insolvency Process

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National Company Law Tribunal Orders Videocon Foreign Arms to be Included in Insolvency Process(13.02.2020)

National Company Law Tribunal has ordered the inclusion of Videocon’s oil businesses in Brazil and Indonesia as part of insolvency proceedings being c.....

Tags : National Company Law Appellate Tribunal, Videocon

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NCLAT: CIRP Against Real Estate Company to Affect the Only Project Concerned(13.02.2020)

National Company Law Appellate Tribunal has held that an insolvency process against a real estate company will impact only the project concerned and n.....

Tags : National Company Law Appellate Tribunal, Appointment of Ex- Bankers

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NCLAT, New Delhi: Interest Alone Cannot Be Construed as Operational Debt(13.02.2020)

National Company Law Appellate Tribunal (NCLAT), New Delhi has held that claim amount towards Interest on loan alone, cannot be termed as an ‘Operatio.....

Tags : National Company Law Appellate Tribunal, Operational Debt

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National Company Law Appellate Tribunal Gives JSW Steel Immunity from All Criminal Probes(18.02.2020)

National Company Law Appellate Tribunal has given JSW Steel immunity from all criminal investigations after it takes over Bhushan Power & Steel, whose.....

Tags : National Company Law Appellate Tribunal, JSW Steel Ltd., Immunity

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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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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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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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NCLAT Directs Competition Commission of India to Probe into Flipkart(05.03.2020)

National Company Law Appellate Tribunal has directed the Competition Commission of India to start probing Flipkart for alleged misuse of dominant posi.....

Tags : National Company Law Appellate Tribunal, Flipkart

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National Company Law Appellate Tribunal Dismisses Pleas of Deloitte, BSR(05.03.2020)

National Company Law Appellate Tribunal has dismissed the pleas of auditors of debt-rid Buyback Tax Caseden Infrastructure Leasing & Financial Service.....

Tags : National Company Law Appellate Tribunal, Deloitte, BSR

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NCLAT Upholds CCI Order on Adani Gas for Abuse of Dominant Position(11.03.2020)

National Company Law Appellate Tribunal has upheld the Competition Commission of India’s order holding Adani Gas Ltd. guilty of abuse of dominant posi.....

Tags : National Company Law Appellate Tribunal, Competition Commission of India, Adani Gas

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NCLAT Seeks Resolution of IL&FS Cases in 90 Days(13.03.2020)

National Company Law Appellate Tribunal has approved the resolution framework for Infrastructure Leasing & Financial Services Limited (IL&FS) Group an.....

Tags : National Company Law Appellate Tribunal, IL&FS Cases

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National Company Law Appellate Tribunal Rejects Insolvency Plea Against Sintex Infra(24.02.2020)

National Company Law Appellate Tribunal has dismissed the Lloyd Insulations India Ltd’s plea to initiate proceedings against Sintex Prefab and Infra L.....

Tags : National Company Law Appellate Tribunal, Sintex Infra

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NCLAT: Auditor Cannot be Debarred for 5 Years in Absence of Evidence(26.02.2020)

National Company Law Appellate Tribunal has set aside an order passed by National Company Law Tribunal in a matter relating to debarring of an auditor.....

Tags : National Company Law Appellate Tribunal, Debarring of Auditor

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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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NCLAT Hauls Unitech Ltd for Defaulting Payment to Deposit Holders(28.02.2020)

National Company Law Appellate Tribunal has directed Unitech Limited to repay the amount(s) to its deposit holder’s penedente lite along with future i.....

Tags : National Company Law Appellate Tribunal, Unitech Ltd

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NCLAT: Superseded Director Not Entitled to Notice of CoC Meeting(31.01.2022)

National Company Law Appellate Tribunal has held that there exists a difference between supersession of Directors under the Reserve Bank of India Act,.....

Tags : National Company Law Appellate Tribunal, Superseded Director

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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 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: Limitation Period Applicable to Application Filed by Financial Creditor(16.03.2020)

National Company Law Appellate Tribunal has reversed the order of the National Company Law Tribunal, Ahemdabad holding that the order of admission of .....

Tags : National Company Law Appellate Tribunal, Limitation on Application by Financial Creditor

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NCLAT: Ola Has Not Abused Its Dominant Position, Not Used Predatory Pricing(18.01.2022)

National Company Law Appellate Tribunal has refused to set aside the order passed by the Competition Commission of India in 2017 and held that Ola has.....

Tags : National Company Law Appellate Tribunal, Ola, Predatory Pricing

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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: Approval of Committee of Creditors Not Mandatory When Seeking Exclusion of Time(24.01.2022)

National Company Law Appellate Tribunal has held that the approval of the Committee of Creditors is not mandatory when seeking exclusion of time in vi.....

Tags : National Company Law Appellate Tribunal, Exclusion of Time

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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.....

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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 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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NCLAT: Stage for Considering Default in Order at Time When Matter Taken Up u/s 100 IBC(07.01.2022)

National Company Law Appellate Tribunal has held that when an application is filed under Section 95 of the Insolvency and Bankruptcy Code, 2016, the A.....

Tags : National Company Law Appellate Tribunal, Stage for Considering Default in Order

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NCLAT Refuses to Grant Interim Relief to Amazon Against CCI Order Suspending Deal(14.01.2022)

National Company Law Appellate Tribunal has refused to grant interim relief to Amazon against its plea challenging the order of the Competition Commis.....

Tags : National Company Law Appellate Tribunal, Amazon

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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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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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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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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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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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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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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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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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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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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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INSOLVENCY - NCLAT Sets Aside Jyoti Structures Liquidation(25.03.2019)

National Company Law Appellate Tribunal (NCLAT) has set aside the order to liquidate Jyoti Structure and asked the Mumbai bench of NCLT to consider th.....

Tags : National Company Law Appellate Tribunal, Jyoti Structure, Sharad Sanghi, NCLT

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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: 14 Days Timeline to Admit or Reject Case Under IBC a 'Mere Directive'(22.05.2017)

National Company Law Appellate Tribunal (NCLAT) has said that 14-day timeline for rejecting or admitting a case under Insolvency and Bankruptcy Code (.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code

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NCLAT Prepones Summer Vacation from April 26 to May 20(20.04.2021)

National Company Law Appellate Tribunal has modified its calendar for summer vacation of this year in light of the recent surge in Covid-19 cases thro.....

Tags : National Company Law Appellate Tribunal, Preponing of Summer Vacation

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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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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 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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#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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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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NCLAT: Pendency of Appeal Under Arbitration Act Does Not Bar Insolvency Process Under IBC(01.09.2017)

National Company Law Appellate Tribunal has observed that pendency of S.37 appeal under Arbitration Act cannot be treated as an ‘existence of dispute’.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code

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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 .....

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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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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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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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National Company Law Appellate Tribunal Rejects Registrar of Company’s Plea in Tata- Mistry Case(07.01.2020)

National Company Law Appellate Tribunal has dismissed the petition filed by the Registrar of Companies and refused to modify its judgement passed in t.....

Tags : National Company Law Appellate Tribunal, Tata

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NCLAT: Goods Lying in Customs Bonded Warehouses Can’t be Assets of Corporate Debtor(06.12.2021)

National Company Law Appellate Tribunal (NCLAT), New Delhi has held that goods lying in the Customs bonded warehouses cannot be considered assets of t.....

Tags : National Company Law Appellate Tribunal, Goods Lying in Customs Bonded Warehouses

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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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National Company Law Appellate Tribunal Asks DLF to Register Transfer of Shares to Legal Heirs(20.01.2020)

National Company Law Appellate Tribunal has directed DLF Ltd. to register the transfer of 60,000 shares to the legal heirs of one of its deceased shar.....

Tags : National Company Law Appellate Tribunal, DLF Ltd.

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NCLAT Stays NCLT’s Order Prohibiting Appointment of Ex- Bankers as Resolution Professional(21.01.2020)

National Company Law Appellate Tribunal has stayed National Company Law Tribunal’s Order which prohibited appointing a former bank official as indepen.....

Tags : National Company Law Appellate Tribunal, Appointment of Ex- Bankers

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National Company Law Appellate Tribunal Reverses Tribunal Order Against Raheja Developers(24.01.2020)

National Company Law Appellate Tribunal has set aside a Tribunal Order to appoint an interim resolution professional for Raheja Developers and has all.....

Tags : National Company Law Appellate Tribunal, Raheja Developers

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National Company Law Tribunal Allows Videocon to Extend the Insolvency Process(29.01.2020)

National Company Law Tribunal has allowed Videocon to extend the corporate insolvency resolution process for 90 days.

Tags : National Company Law Appellate Tribunal, Videocon

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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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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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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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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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NCLAT: Failure to Reply to Demand Notice Does Not Preclude Corporate Debtor from Raising Dispute(15.03.2022)

National Company Law Appellate Tribunal has held that the mere fact that the corporate debtor did not reply to the demand notice by the Operational Cr.....

Tags : National Company Law Appellate Tribunal, Failure to Reply to Demand Notice

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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, Chennai: Suspended Board of Directors Do Not Have Powers to Appoint Resolution Professional(02.03.2022)

National Company Law Appellate Tribunal, Chennai has held that the suspended Board of Directors has no power under the Insolvency and Bankruptcy Code,.....

Tags : National Company Law Appellate Tribunal, Powers to Appoint Resolution Professional

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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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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 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: 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: 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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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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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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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: 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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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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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 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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NCLAT Upholds Dismissal of Petition Filed During Prohibited Period(24.05.2022)

National Company Law Appellate Tribunal while adjudicating an appeal has upheld that Corporate Insolvency Resolution Process cannot be initiated over .....

Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy

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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, 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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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: 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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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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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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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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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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