Companies (Incorporation) Am.....Tags : Company, incorporation, reservation of name
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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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National Company Law Tribunal Clears NBCC Offer for Jaypee Infratech(04.03.2020)
National Company Law Tribunal has approved NBCC’s offer to take over Jaypee Infratech, which has to deliver apartments, plots and villas to nearly 21,.....
Tags : National Company Law Tribunal, TAkeover of Jaypee Infratech
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Cal. HC: Object of S. 60(2) IBC is to Group Together CIRP Proceedings Before Single Forum(21.12.2022)
Calcutta High Court has held that object of Section 60(2) of IBC 2016 is to group together CIRP of corporate debtor and insolvency liquidation proceed.....
Tags : Calcutta High Court, IBC, CIRP, National Company Law Tribunal
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NCLAT: Adjudicating Authority Can Invoke Inherent Powers To Replace The Liquidator(21.10.2022)
National Company Law Appellate Tribunal has held that the Adjudicating Authority can invoke its inherent powers to replace the Liquidator and to do s.....
Tags : National Company Law Appellate Tribunal, Liquidator, inherent
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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National Company Law Appellate Tribunal (NCLAT) has withdrawn the rosters issued in regard to hearing of urgent matters on 25th March, 2020 and 1st Ap.....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 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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National Company Law Tribunal, Chandigarh Approves HUL-GSK Merger(27.02.2020)
National Company Law Tribunal, Chandigarh has approved the merger of GlaxoSmithKline (GSK) Consumer with Hindustan Unilever (HUL).
Tags : National Company Law Tribunal, HUL-GSK Merger
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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: 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 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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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: 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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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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Bom. HC: Company Can’t be Compelled to Run Because of Possible Unemployment of Workers(12.01.2024)
Bombay High Court has held that if a Company approaches the Court for closure of its establishment on the ground of accumulated losses in accordance w.....
Tags : Bombay High Court, Company, Unemployment, Workers
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NCLT Orders Insolvency Proceedings Against Supertech in Rs. 432 Crore Default Case(28.03.2022)
National Company Law Tribunal (NCLT) has declared Real estate developer Supertech bankrupt by the. The Court has ordered initiation of insolvency proc.....
Tags : National Company Law Tribunal, Supertech
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NCLT Delhi Seeks Reply of Bhushan Steel's Monitoring Committee on Policy for Retirement(07.08.2020)
National Company Law Tribunal, Delhi has sought response from the Monitoring Committee of Bhushan Power & Steel Limited in relation to its retirement .....
Tags : National Company Law Tribunal, Bhushan Power & Steel Limited
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SC: ‘De Facto Control’ Test Relevant to Determine if Company is Resident in India(12.04.2023)
Supreme Court while observing that domicile or registration of company are not relevant test to determine if company is resident of India, has held th.....
Tags : Supreme Court, De Facto Control, Resident, Company
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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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Kerala HC: Directors of Company Cannot be Implicated Without Specific Averments(17.01.2022)
Kerala High Court has ruled that Directors of a company cannot be implicated without specific averments indicating their role in the offence, particul.....
Tags : Kerala High Court, Directors of Company
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NCLT, Delhi: Advanced Deposit Towards Licence Fee Considered as Operational Debt(25.01.2022)
National Company Law Tribunal, Delhi has held that advanced deposit towards license fee would be considered as an Operational Debt and issuance of not.....
Tags : National Company Law Tribunal, Advanced Deposit Towards Licence Fee
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NCLAT, Chennai: No Condonation Beyond 45 Days, IBC Overrides Limitation Act(27.01.2023)
National Company Law Appellate Tribunal, Chennai ruled that Section 238 of Insolvency & Bankruptcy Code, 2016 overrides Section 12 of the Limitation A.....
Tags : National Company Law Appellate Tribunal, condone
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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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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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SC: Insurance Company Cannot Raise Delay as Basis for Repudiation First Time Before Consumer Forum(24.12.2019)
Supreme Court has observed that an Insurance Company cannot raise delay as a ground for repudiation for the first time before Consumer Forum if it has.....
Tags : SC, Insurance Company
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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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NCLT Allows Government to Reopen CG Power’s Accounts for 5 Fiscals(06.03.2020)
National Company Law Tribunal has allowed the corporate affairs ministry to reopen the books of CG Power for the last 5 financial years so that it cou.....
Tags : National Company Law Tribunal, CG Power
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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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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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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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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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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 Issues Notice on Plea for Restoration of Assault FIR Over Breach of Consent Terms(27.01.2022)
Bombay High Court has issued notice to actor Armaan Kohli on his ex-girlfriend's application to restore the case she filed against him in 2018 while a.....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
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NCLT, Cuttack: Related Party of Financial Creditor Not Barred U/S 29A To Submit A Resolution Plan(21.10.2022)
National Company Law Tribunal, Cuttack has observed that the Insolvency and bankruptcy Code does not bar a related party of the Financial Creditor fro.....
Tags : National Company Law Tribunal, Financial, Creditor
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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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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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ITAT, Pune: French Company Can’t be Taxed for Rendering IT Support Services to Indian Entities(03.03.2020)
Income Tax Appellate Tribunal (ITAT), Pune bench has held that the Information Technology (IT) support services rendered by a French Company to an Ind.....
Tags : Income Tax Appellate Tribunal, French Company Rendering IT Support
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NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
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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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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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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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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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SEBI cautions investors against investing in unlisted companies(16.03.2016)
The Securities and Exchange Board of India cautioned against unlisted companies luring retail investors by issuing securities without complying with c.....
Tags : Sebi, unlisted company, investment
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NCLT, Kochi: Entry in Balance Sheet Amounts to Acknowledgment of Liability(23.02.2022)
National Company Law Tribunal, Kochi has reiterated that acknowledgement of debt in the balance sheet of the Corporate Debtor comes within the meaning.....
Tags : National Company Law Tribunal, Entry in Balance Sheet
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National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2015(19.08.2015)
The Central government issued the Rules, 2015, enumerating the benefits available to the President of the National Company Law Tribunal under the Comp.....
Tags : President, company law tribunal, benefits
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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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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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ITAT, Kolkata: Swapping Company Shares Among Shareholders Does Not Attract Addition u/s 68(03.03.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has held that the provisions of Section 68 of the Income Tax Act, 1961 would not be applicable in case o.....
Tags : Income Tax Appellate Tribunal, Swapping Company Shares
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NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
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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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NCLT: Salary During Notice Period Does Not Fall Within the Definition of 'Operational Debt' Under IBC(26.05.2022)
National Company Law Tribunal, Mumbai Bench has held that salary for purported notice period amounts to specific performance of the appointment letter.....
Tags : National Company Law Tribunal, Operational Debt, Operational Creditor
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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 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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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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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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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 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.
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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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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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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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NCLT, Hyderabad Initiates Corporate Insolvency Resolution Process Against Tata Projects Ltd(06.01.2022)
National Company Law Tribunal, Hyderabad has initiated Corporate Insolvency Resolution Process against Tata Projects Limited for its failure to pay ba.....
Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, Tata Projects Ltd
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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, 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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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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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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National Company Law Tribunal Suspends Delhi Gymkhana Club's Board(15.02.2021)
National Company Law Tribunal (NCLT) has ordered the suspension of the Delhi Gymkhana Club's board. The Tribunal has also asked the Ministry of Corpor.....
Tags : National Company Law Tribunal, Delhi Gymkhana
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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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NCLAT to Google: Deposit 10% of Penalty as Interim Measure(06.01.2023)
National Company Law Appellate Tribunal (NCLAT), Principal Bench while adjudicating an appeal filed in Google LLC & Anr. v CCI, has admitted Google’s .....
Tags : National Company Law Appellate Tribunal, Google, CCI, Penalty
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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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NCLAT: Penalty Can Only be Under IBC Code and Not Companies Act Before Adjudicating Authority(22.02.2022)
National Company Appellate Law Tribunal has held that when proceedings before the Adjudicating Authority are being carried out under the Insolvency an.....
Tags : National Company Appellate Law Tribunal, Proceedings Before Adjudicating Authority
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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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Job Experience as Assistant Company Secretary can't be Treated as That of Company Secretary: SC(07.02.2019)
Supreme Court has observed that Job Experience as Assistant Company Secretary or a Management Trainee cannot be treated 'as' that of a Company Secreta.....
Tags : Supreme Court, Company Secretary'
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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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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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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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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: 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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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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NCLT, Mumbai Orders to Restore E-way Bill Facility for Taxpayers Undergoing Insolvency Proceedings(26.02.2020)
National Company Law Tribunal (NCLT), Mumbai has ordered to restore the e-way bill facility for taxpayers undergoing insolvency proceedings.
Tags : National Company Law Tribunal, E-way Bill Facility for Taxpayers Undergoing Insolvency Proceedings
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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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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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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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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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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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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: 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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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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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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NCLT, Chennai Approves Cochin Shipyard's Resolution Plan to Acquire TSL(11.03.2020)
National Company Law Tribunal, Chennai has accepted the resolution plan filed by public sector company, Cochin Shipyard Limited to acquire Chennai-bas.....
Tags : National Company Law Tribunal, TSL Takeover
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NCLT Directs Indiabulls Real Estate to Discuss Embassy Merger with Shareholders(27.12.2021)
National Company Law Tribunal (NCLT) has directed realty developer Indiabulls Real Estate to convene a meeting of its shareholders to discuss and seek.....
Tags : National Company Law Tribunal, Merger of Indiabulls with Embassy Group
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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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Bombay HC Sets Aside Show Cause Notice Against Bombay Dyeing Company(21.02.2022)
Bombay High Court has set aside a show-cause notice issued 15 years back against Bombay Dyeing and Manufacturing Company Limited, observing that a par.....
Tags : Bombay High Court, Bombay Dyeing Company
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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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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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NCLT Kochi Allows Initiation of Insolvency Resolution Process Against Personal Guarantor(27.01.2022)
National Company Law Tribunal, Kochi has allowed initiation of Insolvency Resolution Process (IRP) against the Personal Guarantor, Mr. Shahdulla M.I. .....
Tags : National Company Law Tribunal, Insolvency Resolution Process Against Personal Guarantor
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NCLAT: COC's Decision For Liquidation Is Open To Judicial Review By NCLT And NCLAT(19.10.2022)
National Company Law Appellate Tribunal, Delhi has ruled that when the Committee of Creditors (CoC) decides to liquidate the Corporate Debtor, the dec.....
Tags : National Company Law Appellate Tribunal, Committee of Creditors, Corporate Debtor, liquidation
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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: 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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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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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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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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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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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: 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: 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: 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 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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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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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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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, 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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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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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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NCLT Rebukes SBI for "Lackadaisical Approach"(29.06.2018)
National Company Law Tribunal’s Mumbai chapter has rebuked State Bank of India for its “lackadaisical approach” in sanctioning a Rs 334 crore loan to .....
Tags : National Company Law Tribunal, SBI
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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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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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NCLT, Bengaluru Orders Forcible Liquidation and Winding Up of Devas Multimedia(27.05.2021)
National Company Law Tribunal, Bengaluru has ordered the forcible liquidation and winding up of Devas Multimedia by allowing a petition filed Indian S.....
Tags : National Company Law Tribunal, Winding Up of Devas Multimedia
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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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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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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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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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Delhi HC Dismisses Tax Appeals Against Moser Baer in View of Liquidation Proceedings(12.04.2022)
Delhi High Court has dismissed the appeals against Moser Baer, filed by the income tax department in the light of the liquidation proceedings pending .....
Tags : Delhi High Court, Moser Baer, Liquidation Proceedings, income tax department, National Company Law Tribunal
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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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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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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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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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National Company Law Tribunal Orders Two Nicco Parks & Resorts Directors to Quit(07.01.2020)
National Company Law Tribunal has passed an order asking the two directors of Nicco Parks & Resorts, Rajive Kaul and daughter Pallavi Priyadarshini, t.....
Tags : National Company Law Tribunal, Nicco Parks
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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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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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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: 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 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 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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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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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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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, 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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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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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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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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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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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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NCLT Dismisses Mistry's Plea Alleging Mismanagement, Minority Oppression at Tata Sons(24.04.2017)
National Company Law Tribunal, while dismissing Cyrus Mistry petition that alleged mismanagement and minority shareholder oppression at Tata Sons, has.....
Tags : National Company Law Tribunal, Mismanagement, Minority Oppression, TATA
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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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Delhi HC Pulls Up Ebay against Violation of Its Order(20.06.2016)
Delhi HC has pulled up e-commerce company, ebay, that violation of its order stopping the site from selling products under any name deceptively simila.....
Tags : Delhi HC , e-commerce company, ebay
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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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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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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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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 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 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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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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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 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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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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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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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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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 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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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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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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#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 (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: 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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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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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
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President Gives Nod for Ordinance to Amend Companies Act(03.11.2018)
President Ramnath Kovind has given his assent to an ordinance promulgated by government in Companies Act that seeks to promote 'Ease of Doing Business.....
Tags : Company Law Ordinance
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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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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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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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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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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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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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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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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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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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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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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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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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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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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, 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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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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NCLT Clears IL&FS Education Arm Sale to JV Partner(03.09.2020)
National Company Law Tribunal has approved the sale of Schoolnet India, a subsidiary of IL&FS, to an arm of Lexington Equity Holdings (LEHL).
Tags : National Company law Tribunal, Schoolnet India
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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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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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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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SC: Valid Reasons for Not Accepting Surveyor’s Report Must be Given by Insurance Company(19.05.2023)
Supreme Court while observing that Surveyor’s Report in a claim for insurance is not final one however satisfactory reasons are given by insurer, has .....
Tags : Supreme Court, Contingent Reasons, Surveyor’s Report, Insurance Company
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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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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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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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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
read»
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
read»
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
read»
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
read»
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
read»
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 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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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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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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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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NCLAT Declines to Stay ElectroSteel Steels' Delisting(29.06.2018)
National Company Law Appellate Tribunal (NCLAT) has refused to stay the delisting process of debt-ridden firm ElectroSteel Steel under the resolution .....
Tags : National Company Law Tribunal, ElectroSteel
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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
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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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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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NCLT Dismisses Cyrus Mistry’s Plea to Transfer Case Against Tata Sons(09.10.2017)
National Company Law Tribunal (NCLT) has dismissed a petition moved by Cyrus Mistry’s firms seeking transfer of their company petition against Tata So.....
Tags : National Company Law Tribunal, Tata Sons
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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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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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NCLT Kochi Allows Promoter of Corporate Debtor MSME to File Resolution Plan in Individual Capacity(07.05.2021)
National Company Law Tribunal, Kochi has held that the promoter of an MSME can submit a Resolution Plan Application in his individual capacity, and th.....
Tags : National Company Law Tribunal, Filing of Resolution Plan
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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: 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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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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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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NCLT Sets 90-day Deadline for Jet Airways Bankruptcy Resolution(21.06.2019)
National Company Law Tribunal (NCLT) while admitting insolvency petition moved by State Bank of India against Jet Airways has instructed that the reso.....
Tags : National Company Law Tribunal, NCLT, Jet Airways
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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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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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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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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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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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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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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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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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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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Report on measures for improved monitoring of CSR released(19.10.2015)
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, 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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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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SC: Appeal to NCLAT Shall Be Filed Within Period of 30 Days(13.05.2022)
Supreme Court has reiterated that an appeal against the order of National Company Law Tribunal (NCLT) shall be filed before the NCLAT within a period.....
Tags : Supreme Court, National Company Law Tribunal , thirty days, fifteen days
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