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  • SC cautions NCLT & NCLAT on interference with party's contractual right to terminate contract Nov 23, 2021 10:00 PM IST

    SC cautions NCLT & NCLAT on interference with party's contractual right to terminate contract

    The apex court said even if the contractual dispute arises concerning insolvency, a party can be restrained from terminating the contract only if it is central to the success of the Corporate Insolvency Resolution Procedure (CIRP). we would like to issue a note of caution to the NCLT and NCLAT regarding interference with a party's contractual right to terminate a contract.

  • NCLAT stays Rs 200 crore penalty by CCI on Maruti Suzuki for now Nov 22, 2021 08:39 PM IST

    NCLAT stays Rs 200 crore penalty by CCI on Maruti Suzuki for now

  • NCLAT asks NCLT to provide hearing opportunity to 2 top Videocon Telecom execs whose bank accounts were frozen Oct 24, 2021 05:55 PM IST

    NCLAT asks NCLT to provide hearing opportunity to 2 top Videocon Telecom execs whose bank accounts were frozen

    Directing the Mumbai Bench of the National Company Law Tribunal (NCLT) to pass necessary fresh recent orders in a "fair, just, dispassionate manner on merits, afresh”, the appellate tribunal said "there was negation of principles of natural justice” by it.

  • Govt seeks applications for 20 judicial, technical members at NCLT, NCLAT Oct 17, 2021 07:00 PM IST

    Govt seeks applications for 20 judicial, technical members at NCLT, NCLAT

    As many as 15 posts, including that of 9 judicial members and 6 technical members, are to be filled up at the NCLT. Besides, applications have been invited for 3 positions of judicial members and 2 of technical members at the National Company Law Appellate Tribunal (NCLAT).

  • Zee approaches NCLAT to challenge NCLT order in Invesco case Oct 06, 2021 02:43 PM IST

    Zee approaches NCLAT to challenge NCLT order in Invesco case

    The NCLT had directed Zee to file a reply by October 7 on Invesco's plea seeking a legal order for an extraordinary general meeting.

  • Centre concedes in SC, permits prematurely retired acting NCLAT chairperson to continue till September 20 Sep 16, 2021 12:51 PM IST

    Centre concedes in SC, permits prematurely retired acting NCLAT chairperson to continue till September 20

    Justice Cheema, the former Chairperson of National Company Law Appellate Tribunal (NCLAT), was to superannuate on September 20, but Justice M Venugopal was appointed as the acting head of the tribunal with effect from September 11, creating a peculiar situation where the former approached the top court.

  • SC unhappy over "hurried" appointment of acting NCLAT Chairperson Sep 15, 2021 04:22 PM IST

    SC unhappy over "hurried" appointment of acting NCLAT Chairperson

    A bench headed by Chief Justice N V Ramana said it would take up the matter on Thursday and asked Attorney General K K Venugopal to take instructions on the issue.

  • NCLAT gets third Acting Chairperson in a row; No full-time head since March 2020 Sep 13, 2021 08:08 PM IST

    NCLAT gets third Acting Chairperson in a row; No full-time head since March 2020

    This is the third time in a row that an Acting Chairperson is at the helm of the NCLAT, which is handling several crucial appeals related to matters under the insolvency and competition laws, after the retirement of Chairperson Justice S J Mukhopadhaya on March 14, 2020.

  • Exclusive: Siliguri-based hotelier challenges NCLAT order, appeals in SC against Oyo Sep 12, 2021 12:58 PM IST

    Exclusive: Siliguri-based hotelier challenges NCLAT order, appeals in SC against Oyo

    In an interaction with Moneycontrol, Mona Agarwalla, director of Siliguri's Central Courtyard Resort, said she was in touch with Oyo. However, so far no settlement had been made. She has claimed a settlement of Rs 37 lakh.

  • NCLAT admits Venugopal Dhoot petition against Anil Agarwal's Twin Star takeover bid Sep 11, 2021 04:25 PM IST

    NCLAT admits Venugopal Dhoot petition against Anil Agarwal's Twin Star takeover bid

    The appellate tribunal has issued notices to the resolution professional, lenders and Twin Star Technologies directing them to file a reply by September 17.

  • A new credit culture can transform lending, improve NPA recovery rates Sep 09, 2021 01:45 PM IST

    A new credit culture can transform lending, improve NPA recovery rates

    Empowering public sector banks to play an active role in the management of distressed assets could go a long way in reducing the queue of assets headed to insolvency

  • NCLAT dismisses Devas Multimedia's plea against its winding up Sep 08, 2021 11:36 PM IST

    NCLAT dismisses Devas Multimedia's plea against its winding up

    The order of winding up of Devas Multimedia is "undoubtedly, cemented on, just, fair, reasonable and equitable ground to relieve an 'abuse' and the same is free from any legal flaws," it added.

  • No bids, Videocon’s energy business extends deadline: Report Sep 06, 2021 09:37 AM IST

    No bids, Videocon’s energy business extends deadline: Report

    Videocon Oil Ventures Ltd (VOVL) earlier received expressions of interest from four companies including Vedanta and a Brazilian company Petrobras for its overseas assets, the report added.

  • MCA to apply to NCLT to attach assets of Videocon Industries to maximise recovery Aug 30, 2021 12:40 PM IST

    MCA to apply to NCLT to attach assets of Videocon Industries to maximise recovery

    Ministry of Corporate Affairs identifies assets worth Rs 5,000 crore. However, banks are getting only 4.15 percent of their total outstanding. Ministry is in the process of identifying more assets, say sources.

  • NCLAT ruling on spectrum could make resolution tough if Vodafone Idea files for bankruptcy Aug 10, 2021 04:54 PM IST

    NCLAT ruling on spectrum could make resolution tough if Vodafone Idea files for bankruptcy

    NCLAT is of the view that any transfer of the licence that may happen if the corporate debtor is acquired by a third party as part of an insolvency proceeding will only be permitted if the dues for such licence are cleared. Vodafone Idea owes the government Rs 96,270 crore in spectrum payment dues 

  • NCLAT stays Anil Agarwal-led Twin Star's takeover bid for Videocon Industries Jul 19, 2021 08:37 PM IST

    NCLAT stays Anil Agarwal-led Twin Star's takeover bid for Videocon Industries

    The appellate tribunal has issued notices to the Committee of Creditors, the Resolution Professional of Videocon and the successful resolution applicant Twin Star. It has asked them to file the reply within two weeks and directed to list the matter on September 7 for the next hearing.

  • NCLAT stays liquidation of Three C Homes; asks NCLT to consider other options Jul 13, 2021 08:18 PM IST

    NCLAT stays liquidation of Three C Homes; asks NCLT to consider other options

    NCLAT said though a resolution plan will generally provide a higher value than liquidation value, in case of real estate projects it may not be always feasible.

  • Just In: NCLAT allows withdrawal of OYO's insolvency proceedings Jul 07, 2021 11:08 AM IST

    Just In: NCLAT allows withdrawal of OYO's insolvency proceedings

    OYO has also made an out of the court settlement with the original party, Rakesh Yadav.

  • DHFL shares may get delisted post acquisition by Piramal Jun 07, 2021 06:22 PM IST

    DHFL shares may get delisted post acquisition by Piramal

    As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm.

  • DHFL case continues to throw up unpleasant, and unnecessary, surprises May 27, 2021 11:18 AM IST

    DHFL case continues to throw up unpleasant, and unnecessary, surprises

    In the entire DHFL saga, the biggest loser is the retail investor in its equity and debt instruments

  • DHFL Case: Appellate Tribunal stays NCLT order directing lenders to consider Kapil Wadhawan's proposal May 25, 2021 11:50 AM IST

    DHFL Case: Appellate Tribunal stays NCLT order directing lenders to consider Kapil Wadhawan's proposal

    DHFL's former promoter Kapil Wadhawan had submitted a proposal seeking to repay Rs 91,158 crore over a period of seven years. But, the bankers have refused to accept this proposal so far

  • NCLAT hears Oyo subsidiary's case on May 4 -- Here's all you need to know about the issue so far May 04, 2021 11:47 AM IST

    NCLAT hears Oyo subsidiary's case on May 4 -- Here's all you need to know about the issue so far

    The admission of a corporate insolvency case can have serious consequences for the company, impacting its goodwill, reputation, daily operations, and management. It also open the doors for various creditors to file claims against the firm

  • NCLAT stays corporate insolvency proceedings against Oyo subsidiary Apr 08, 2021 03:02 PM IST

    NCLAT stays corporate insolvency proceedings against Oyo subsidiary

    The NCLT plea had been filed by a Gurgaon hotelier, who had accused the company of defaulting on payments and violating an agreement. The NCLAT ruling has now halted a ruling by the Ahmedabad bench of the NCLT initiating corporate insolvency proceedings against the subsidiary, OHHPL.

  • NCLT admits corporate insolvency proceeding against Oyo subsidiary Apr 07, 2021 01:13 PM IST

    NCLT admits corporate insolvency proceeding against Oyo subsidiary

    Oyo has challenged the NCLT order in the National Company Law Appellate Tribunal.

  • Foreign lenders demand personal guarantees from Shapoorji Pallonji after SC order: Report Mar 31, 2021 09:41 AM IST

    Foreign lenders demand personal guarantees from Shapoorji Pallonji after SC order: Report

    Reportedly, the demand for guarantees was made after the Supreme Court order set aside the December 17, 2019, NCLAT order.

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