NCLAT stays insolvency proceedings against HCL Tech
A two-member NCLAT bench, while admitting the petition filed by HCL Tech MD and CEO C Vijayakumar stayed the National Company Law Tribunal (NCLT) order of January 17, 2022, to initiate insolvency against the IT major.
Jan 21, 2022, 08:35 AM IST
Relief for beer makers as NCLAT stays CCI order imposing Rs 873 crore penalty
NCLAT has imposed a stay on the orders passed by the fair trade regulator CCI slapping penalties on several beer makers.
Dec 25, 2021, 15:54 PM IST
NCLAT rejects Kotak Bank's plea to set aside insolvency proceedings against MSEL
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by Kotak Mahindra Bank along with a director of debt-ridden McNally Sayaji Engineering Ltd (MSEL) to set aside insolvency proceedings against the manufacturer of mineral processing equipment.
Dec 01, 2021, 19:04 PM IST
ZEEL gets time till October 22 to respond to Invesco’s plea
The National Company Law Tribunal (NCLT) has asked ZEEL to respond to Invesco's plea by October 22.
Oct 08, 2021, 16:08 PM IST
Big jolt to Invesco! NCLAT directs NCLT to give reasonable time to ZEEL to respond
A ZEEL spokesperson said that the company continues to have full faith in the Indian judicial system and will take all the necessary steps that are in the best interests of all its shareholders.
Oct 07, 2021, 21:32 PM IST
PNB urges NCLAT to quash Jet Airways rescue plan, here’s why
The PNB’s request could delay the return of Jet Airways which was grounded two years ago.
Sep 03, 2021, 10:59 AM IST
Supreme Court sets aside NCLAT order reinstating Cyrus Mistry as Tata Sons chairman
In a major development, the Supreme Court on Friday (March 26, 2021) set aside the December 2019 ruling of the National Company Law Appellate Tribunal (NCLAT) that had directed the reinstatement of Cyrus Mistry as Tata Sons chairperson.
Mar 26, 2021, 12:11 PM IST
NCLAT dismisses DoT's plea in Aircel licence moratorium matter citing delay in appeal
The National Company Law Appellate Tribunal (NCLAT) has dismissed the telecom department's plea citing delay in appeal against the NCLT order which held that the spectrum and licence of debt-ridden Aircel cannot be taken away during the insolvency resolution period.
Mar 08, 2020, 16:56 PM IST
Supreme Court stays NCLAT order restoring Cyrus Mistry as Executive Chairman of Tata Sons
The Supreme Court on Friday (January 10) stayed the National Company Law Appellate Tribunal (NCLAT) order that restored Cyrus Mistry as executive Chairman of Tata group. The apex court also issued a notice to Mistry and summoned him to answer questions raised by Tata's lawyer in a plea filed against the NCLAT order.
Jan 10, 2020, 12:34 PM IST
Cyrus Mistry says will not take up chairmanship of Tata Sons
He said that his decision has been made in the interests of the Tata Group, "whose interests are far more important then the interests of any individual".
Jan 05, 2020, 18:51 PM IST
Tata Sons moves SC challenging NCLAT order reinstating Cyrus Mistry as company’s executive chairman
Setting aside a lower court order, the NCLAT also quashed the conversion of Tata Sons into a private company from a public firm.
Jan 02, 2020, 11:45 AM IST
NCLAT reinstates Cyrus Mistry as executive chairman of Tata Sons
NCLAT bench headed by chairperson Justice SJ Mukhopadhaya also held the appointment of Natarajan Chandrasekaran as illegal.
Dec 18, 2019, 16:03 PM IST
NCLAT allows promoters to regain control of firms at liquidation stage
In the liquidation case pertaining to Sterling Biotech, the NCLAT has set aside a bankruptcy court order to liquidate a debt-ridden company while allowing its promoters to take back control of the firm after making full payment to the lenders.
Sep 04, 2019, 15:26 PM IST
SC extends status quo on Jaypee insolvency resolution
On August 2, the Supreme Court ordered status quo for two weeks on Jaypee Group's plea against NCLAT's order after it was informed that Parliament had passed the proposed amendments in the Insolvency and Bankruptcy Code.
Aug 23, 2019, 09:54 AM IST
NCLAT asks Jet CoC if it will work with Dutch administrator
The debt-riddent Jet Airways is facing insolvency proceedings in The Netherlands too. It was declared bankrupt there after it had failed to pay two European creditors. The Dutch court subsequently appointed a bankruptcy administrator.
Aug 22, 2019, 11:07 AM IST
Jaypee homebuyers still hoping for dream houses
The National Company Law Appellate Tribunal (NCLAT) on Tuesday extended the resolution period of debt-ridden Jaypee Infratech for another 90 days.
Aug 01, 2019, 12:17 PM IST
ICICI seeks direction on NCLT Allahabad for early hearing on insolvency plea against JAL
In September 2018, ICICI Bank had filed a petition before the Allahabad bench of National Company Law Tribunal (NCLT) seeking to start insolvency proceedings of JAL, which is into infrastructure and real estate.
Jun 17, 2019, 13:22 PM IST
NCLAT annuls creditors' voting on NBCC's bid for Jaypee Infratech
Hearing a plea by IDBI Bank, seeking a stay or annulment of the voting process, a three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also allowed nine homebuyers' associations representing around 5,000 buyers to file intervention application.
May 18, 2019, 17:47 PM IST
NCLAT dismisses insolvency plea against SpiceJet
The appellate tribunal said there was nothing on record to suggest that the demand notice relating to invoices issued by Ramco System was forwarded or received by Spicejet.
May 13, 2019, 11:25 AM IST
NCLAT allows banks to declare defaulting ILFS accounts as NPAs
A bench headed by Chairman Justice S J Mukhopadhaya lifted the embargo on the banks to declare the accounts of the debt-ridden IL&FS and its 300 group entities, which are unable to pay their debt.
May 03, 2019, 09:52 AM IST