Supreme Court Rejects BCCI And BYJU'S Promoters' Appeals Against NCLAT Order On Insolvency Withdrawal
A bench comprising Justices JB Pardiwala and R Mahadevan refused to interfere with the NCLAT's April 17 order.
Jul 21, 2025, 21:26 PM IST
NCLAT Dismisses Byju’s RP Plea Over Status Quo On Aakash Shareholding
On March 27, the NCLT had directed all parties to maintain the status quo regarding Aakash’s shareholding until the next hearing.
Jun 08, 2025, 18:19 PM IST
NCLAT Dismisses Byju's Settlement Plea, Upholds Insolvency
They had challenged the order passed by the Bengaluru bench of the National Company Law Tribunal (NCLT), which had on February 10, 2025 directed to place their settlement offer before the new Committee of Creditors (CoC), in which US-based Glas Trust, the trustee for lenders to which Byju's owes $1.2 billion, is a member.
Apr 18, 2025, 16:19 PM IST
IDBI Bank's Insolvency Appeal Against ZEEL Dismissed By NCLAT; Know Why
IDBI vs ZEEL Case: In May 2023, the Mumbai arm of the bankruptcy court dismissed IDBI Bank's petition against ZEEL, ruling that the alleged default fell within the protected period under Section 10A IBC.
Apr 07, 2025, 18:16 PM IST
NCLAT Stays CCI Ban On WhatsApp, Asks Meta To Pay Half The Rs 213 Crore Fine
The NCLAT bench, led by Justice Ashok Bhushan, said such a ban could disrupt WhatsApp's business model in the country. WhatsApp has more than 500 million monthly active users in India.
Jan 23, 2025, 12:35 PM IST
Meta Goes To NCLAT Against CCI's Rs 213 Crore Penalty On WhatsApp
Meta has now informed the NCLAT that the CCI order has wide ramifications for the industry as a whole and therefore, an urgent hearing in the matter will be required.
Jan 06, 2025, 17:20 PM IST
SC Sets Aside NCLAT Order Halting Insolvency Proceedings Against Ed-Tech Firm Byju's
A bench of Chief Justice D Y Chandrachud, and Justices J B Pardiwala and Manoj Misra also reversed the order of the NCLAT approving Byju's Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) and directed the cricket board to deposit the settlement amount of Rs 158.9 crore with a committee of creditors.
Oct 23, 2024, 14:47 PM IST
Byju’s Insolvency Case: Supreme Court Sets Aside NCLAT Nod To Edtech Firm's Settlement With BCCI
Byju’s Insolvency Case: The NCLAT order came with a rider that in case of failure of timely payment of the dues on the specific dates submitted in the undertaking, the insolvency proceedings would be revived automatically.
Oct 23, 2024, 13:56 PM IST
Byju’s Employees Haven’t Received July Salaries Yet, CEO Explains Why
In an email to employees, Byju Raveendran expressed that each legal hurdle has prolonged the company’s journey toward recovery.
Aug 21, 2024, 14:48 PM IST
NCLAT Gives Nod To Byju's Settlement With BCCI, Sets Aside Insolvency Plea
The appellate court maintained that the lenders failed to provide any evidence to substantiate their claims.
Aug 02, 2024, 20:22 PM IST
Go First Lessor Receives NCLAT Permission To Inspect Leased Aircraft
Disagreeing with a portion of the NCLT's ruling that restricted the lessor from inspecting the engines, the NCLAT had issued its own directive to schedule an inspection within 10 days.
Sep 01, 2023, 08:46 AM IST
Jet Airways Insolvency: Jalan Kalrock Consortium Seek Time To Pay Rs 350 Crore To Lenders
During the proceedings, the Committee of Creditors (CoC) asked the Jalan-Kalrock consortium to pay Rs 350 crore by August 31, as per the schedule. However, the consortium sought an extension in the schedule.
Aug 19, 2023, 08:54 AM IST
Go First Insolvency: Lessors Cannot Take Possession of Aircraft, NCLAT Upholds NCLT's Orders
NCLAT directed aircraft lessors to approach NCLT for any remedy in the Go First insolvency proceedings matters.
May 22, 2023, 14:49 PM IST
Setback For Google: NCLAT Upholds Rs 1,337.76 Cr Fine On Tech Giant By CCI For Anti-Competitive Practice In India
Challenging the CCI order, Google said the findings are "patently erroneous and ignore" the reality of competition in India, Google's pro-competitive business model, and the benefits created for all stakeholders.
Mar 29, 2023, 17:23 PM IST
Google Plans Approaching Supreme Court After NCLAT Refuses To Stay CCI's Rs 1,338-Cr Penalty Order
On October 20 last year, CCI slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. In the October ruling, CCI had also ordered the internet major to cease and desist from various unfair business practices.
Mar 05, 2023, 07:19 AM IST
NCLAT directs Google to pay 10% of Rs 1,337.76 cr penalty; admits appeal for hearing
A two-member bench, however, declined to grant any immediate stay the operations of Competition Commission of India (CCI) penalty and said it would pass any order after hearing out other parties.
Jan 04, 2023, 12:29 PM IST
Yes Bank faces BIG action over unfair loan transactions - NCLAT sets aside insolvency proceedings against Mack Star
The NCLAT found that more than 99 percent of the sanctioned amount – Rs 147.6 crore by Yes Bank in Mack Star's name – was returned to the bank on the same day or within a short period of time.
Sep 09, 2022, 10:44 AM IST
NCLAT rejects Amazon's plea to stay CCI order suspending Future Coupons deal approval
NCLAT bench in its judgement today upheld the CCI's order of suspension of Amazon Future Coupons deal agreeing with CCI's order that Amazon had not made full disclosures of the information to the Commission.
Jun 13, 2022, 11:16 AM IST
Noida-based builder Supertech faces second major setback in the last one year; details here
Apart from this, Supertech is also barred from transferring, encumbering, alienating, or disposing of any assets.
Mar 26, 2022, 14:44 PM IST
CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT in Future case
Senior counsel Gopal Subramaniam, representing Amazon, submitted before the appellate tribunal that the jurisdiction and statutory authority of CCI are in question in the appeal filed by the company.
Feb 25, 2022, 20:19 PM IST