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  • NCLAT dismisses plea to initiate insolvency proceedings against Tata Chemicals Aug 12, 2020 05:41 PM IST

    NCLAT dismisses plea to initiate insolvency proceedings against Tata Chemicals

    A three-member NCLAT bench upheld the order of the Mumbai bench of the National Company Law Tribunal (NCLT) that dismissed the plea of Allied Silica to initiate insolvency proceeding against the Tata group firm.

  • NCLAT upholds Adani group firm's takeover of Dighi Port Jul 27, 2020 01:25 PM IST

    NCLAT upholds Adani group firm's takeover of Dighi Port

    A three-member NCLAT bench dismissed the plea filed by promoter Vishal Vijay Kalantri challenging the order passed by the Mumbai bench of National Company Law Tribunal (NCLT), which had approved the Rs 650-crore resolution plan by Adani Ports & Special Economic Zone (APSEZ) on March 5.

  • NCLAT directs Bharti Airtel, Bharti Hexacom to pay Rs 112 crore to Aircel Jul 14, 2020 07:30 PM IST

    NCLAT directs Bharti Airtel, Bharti Hexacom to pay Rs 112 crore to Aircel

    Bharti Airtel and Bharti Hexacom had paid Rs 341 crore to Aircel and Dishnet Wireless but had retained Rs 112 crore to set off the dues owed by Aircel entities to Airtel entities.

  • NCLAT upholds NCLT order to initiate insolvency against HDIL, rejects Rakesh Wadhwan's plea Jul 14, 2020 06:30 PM IST

    NCLAT upholds NCLT order to initiate insolvency against HDIL, rejects Rakesh Wadhwan's plea

    Earlier on August 20, 2019, the Mumbai bench of National Company Law Tribunal (NCLT) had directed to initiate insolvency proceedings against HDIL, after allowing the insolvency plea filed by Bank of India, claiming default of a loan of Rs 522 crore by the realty firm.

  • Around 500 homes in Jaypee projects likely to be handed over within 3 months Jun 09, 2020 07:15 PM IST

    Around 500 homes in Jaypee projects likely to be handed over within 3 months

    Construction work is currently being overseen by the interim monitoring committee

  • NCLAT dismisses plea seeking probe against Ola and Uber on price fixing Jun 03, 2020 03:15 PM IST

    NCLAT dismisses plea seeking probe against Ola and Uber on price fixing

    A three-member NCLAT bench upheld the order passed by fair trader regulator CCI, which had earlier rejected a plea seeking probe against Ola and Uber alleging unfair price fixation mechanism and abuse of dominant position by them.

  • SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order May 29, 2020 07:00 PM IST

    SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

    The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.

  • NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters May 25, 2020 03:50 PM IST

    NCLAT sets asides NCLT order to make MCA party in all insolvency, company matters

    Allowing the plea filed by the Ministry of Corporate Affairs (MCA), a two-member bench of the appellate tribunal said the NCLT's direction was "beyond the power" and amounted to "imposition of a new rule in a compelling fashion".

  • Jaypee Infratech case: NCLAT gives conditional go-ahead to NBCC to implement resolution plan Apr 22, 2020 07:56 PM IST

    Jaypee Infratech case: NCLAT gives conditional go-ahead to NBCC to implement resolution plan

    Sources said that while no construction can begin immediately due to the COVID-19 situation, there will now at least be an interim arrangement in place to start the ball rolling.

  • Lockdown period to be excluded from insolvency process timeline: NCLAT Mar 31, 2020 08:35 AM IST

    Lockdown period to be excluded from insolvency process timeline: NCLAT

    Passing a suo motu order, a three-member NCLAT bench headed by Acting Chairperson Justice B L Bhat said that it would applicable in all the corporate insolvency resolution process, which has been initiated or pending, or pending in Appel before the benches of NCLTs or before the appellate tribunal.

  • Govt proposes decriminalising offences, direct overseas listing in Companies Law Mar 17, 2020 05:45 PM IST

    Govt proposes decriminalising offences, direct overseas listing in Companies Law

    Companies that have CSR obligations up to Rs 50 lakh would not be required to set up a committee in this regard.

  • NCLAT to have a bench at Chennai, Govt issues notification Mar 15, 2020 02:33 PM IST

    NCLAT to have a bench at Chennai, Govt issues notification

    The Chennai-based bench would hear the appeals against the orders of the benches of the National Company Law Tribunal (NCLT) having jurisdiction of Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Lakshadweep and Puducherry, the notification said.

  • Reporter's Take | NBCC mulls moving NCLAT,  Jaypee homebuyers stare at a delay Mar 12, 2020 05:38 PM IST

    Reporter's Take | NBCC mulls moving NCLAT, Jaypee homebuyers stare at a delay

    Moneycontrol's Sakshi Batra talks to Vandana Ramnani to understand the reason for the delay and future of the project in this Moneycontrol exclusive.

  • NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart Mar 12, 2020 01:15 PM IST

    NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart

    A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal.

  • NCLAT dismisses govt plea to supersede 63 moons technologies board Mar 12, 2020 12:43 PM IST

    NCLAT dismisses govt plea to supersede 63 moons technologies board

    The Appellate court upheld the NCLT Chennai order refusing to fully change the boards’ composition and said the Centre can nominate three directors to the board of 63 Moons

  • E-commerce | CCI probe on Flipkart and the case for tapering discounts Mar 11, 2020 09:14 AM IST

    E-commerce | CCI probe on Flipkart and the case for tapering discounts

    Guilty or not, e-commerce firms should put a stop to burning investors’ money for deep discounts

  • NCLAT dismisses Deloitte, KPMG and auditors pleas against impleadment in IL&FS matter Mar 04, 2020 07:40 PM IST

    NCLAT dismisses Deloitte, KPMG and auditors pleas against impleadment in IL&FS matter

    A two-member bench of the NCLAT upheld the directions of the Mumbai bench of the National Company Law Tribunal, saying it can not be termed as "illegal".

  • NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter Mar 04, 2020 12:15 PM IST

    NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter

    The National Company Law Appellate Tribunal (NCLAT) dismissed the pleas of debt-ridden IL&FS auditors - Deloitte and KPMG arm BSR & Associates - challenging their impleadment in the case involving alleged fraud in IFIN, a subsidiary of IL&FS.

  • NCLAT asks CCI to probe Flipkart over allegations of unfair trade practices Mar 04, 2020 11:35 AM IST

    NCLAT asks CCI to probe Flipkart over allegations of unfair trade practices

    CCI director general will probe the charges, a three-member bench of the NCLAT has said.

  • NCLAT sets asides insolvency proceedings against Flipkart Feb 27, 2020 01:05 PM IST

    NCLAT sets asides insolvency proceedings against Flipkart

    A three-member bench of the NCLAT released Flipkart from the corporate insolvency resolution process and directed the Interim Resolution Professional (IRP) appointed by NCLT to handover the records and assets of the company back to its promoter immediately.

  • JSW Steel’s Bhushan Power buy coincides with tough steel market conditions Feb 19, 2020 11:05 AM IST

    JSW Steel’s Bhushan Power buy coincides with tough steel market conditions

    The NCLAT verdict clears the path for JSW Steel to acquire Bhushan Power & Steel, giving it a large steel plant in Odisha

  • NCLAT permits GE stake sale in Baker Hughes, refers GE Triveni JV dispute to NCLT: Report Feb 19, 2020 10:17 AM IST

    NCLAT permits GE stake sale in Baker Hughes, refers GE Triveni JV dispute to NCLT: Report

    The National Company Law Appellate Tribunal has referred the ongoing dispute between General Electric and Triveni Turbines over their joint venture back to the Bengaluru bench of the NCLT.

  • Cyrus Mistry files appeal in SC; says his family deserved more relief from NCLAT Feb 17, 2020 05:35 PM IST

    Cyrus Mistry files appeal in SC; says his family deserved more relief from NCLAT

    Mistry, whose family owns 18.37 per cent stake in Tata Sons, has filed a cross-appeal in the court.

  • NCLAT gives approval to JSW Steel to acquire Bhushan Power Feb 17, 2020 11:29 AM IST

    NCLAT gives approval to JSW Steel to acquire Bhushan Power

    A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Stwel will be immuned from the acts done by the former promoters of the Bhushan Power & Steel Ltd.

  • Insolvency of real estate firms to be limited to project, not across group: NCLAT Feb 11, 2020 03:45 PM IST

    Insolvency of real estate firms to be limited to project, not across group: NCLAT

    While some legal experts are of the view that this would ensure completion of projects, others caution that the order is contrary to the fundamental tenets of insolvency and may lead to chaos

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