Page 12 - Nclat

NCLAT orders stay on CoC formation in proceedings against subsidiary: Oyo

OYO said the NCLAT has ordered a stay on the formation of committee of creditors in proceedings under the Insolvency and Bankruptcy Code against its subsidiary Oyo Hotels and Homes Pvt Ltd

A comprehensive win for the Tatas

They stand vindicated in the Mistry saga, but what is legally sound may not conform to the best standards of governance

NCLAT removes stay on Reserve Bank of India action against Srei group

NCLT had passed an order preventing regulatory authorities from taking any coercive steps against the company

NCLAT closes insolvency proceedings against Jyoti Ltd after settlement

NCLAT has shut the insolvency proceedings initiated against motor and generator manufacturing company Jyoti Ltd

Need legal provisions to have superintendence, control over NCLT: NCLAT

According to RP, a resolution plan is pending approval before the Delhi bench of NCLT since 2019 and the matter has been adjourned as many as 18 times.

Bhushan Power lenders accept JSW Steel plan, look to close deal by March 31

25 financial creditors would be realising 41% from the Rs 19,350 cr deal on claims of Rs 47,158 cr

NCLAT orders suspension of Delhi Gymkhana Club's general committee

The National Company Law Appellate Tribunal (NCLAT) on Monday ordered suspension of the Delhi Gymkhana Club's general committee, directed the government to appoint an administrator

NCLAT officiating Chairperson Justice B L Bhat gets another extension

The government has again extended the tenure of Justice B L Bhat as the officiating Chairperson of the National Company Law Appellate Tribunal (NCLAT). According to a notification issued by the Ministry of Corporate Affairs, Justice Bhat's tenure has been extended further till his attaining the age of 67 years or till further orders, whichever is earlier. As per the information available on NCLAT website, Justice Bhat's date of birth is April 19, 1954, which means his tenure could be for over three months. Bhat's tenure as officiating Chairperson of NCLAT was scheduled to end on December 31, 2020. This is the fourth extension for Justice Bhat since he was appointed as the officiating Chairperson of the NCLAT on March 15, 2020 for three months. Later, he was given a three-month extension from June 15, 2020 and the tenure was again extended for one month till October 16, 2020. In October, the government had extended his tenure along with judicial member Justice A I S Cheema till ..

Nithia Capital, CarVal Investors complete purchase of two Uttam Group firms

Total consideration Rs 2,000 cr; companies were on RBI's second list of NPAs mandated for resolution under IBC

Can NCLAT reinstate Cyrus Mistry as chairman of Tata Sons? Asks CJI

The NCLAT perhaps wanted Mistry to continue as chairman of Tata Sons, the CJI remarked

Ratan Tata, not professional board, was running Tata Group: Mistry to SC

Mistry counsel Sundaram claims Ratan Tata was able to achieve this through the Tata Trusts-nominated directors on Tata Sons board

NCLAT stays order on ArcelorMittal to pay for using slurry pipeline

As per earlier NCLT Ahmedabad Bench order, ArcelorMittal had to pay Rs 1,300 cr for using pipeline to run Essar Steel by Dec 15

Supreme Court adjourns hearing in Tata Sons-Mistry case to December 8

The Tata group has appealed against a National Company Law Appellate Tribunal (NCLAT) order

Flipkart India revenue grew 12% to Rs 34,610 cr in FY20; losses dropped 18%

The company's total expenses for the year were reported at Rs 37,760 crore. During FY20, the company allotted total equity shares worth Rs 4,455 crore to Flipkart Private Limited Singapore

Explained: How Uttam Galva Steels lost its sheen amid mounting debts

The promoter group's deal-making capabilities have come back to haunt it

Deccan Value Investors want 'win-win' solution for Amtek: Hedge fund's exec

Lenders must fulfill conditions that they signed with the auto parts maker, says Vinit Bodas.

NCLAT suspends court works after some staff members test Covid-19 positive

NCLAT has suspended all its court works, including virtual hearing and filing, after some of its staff tested Covid-19 positive

Successful resolution applicants cannot be allowed to withdraw offer: NCLAT

A three-member NCLAT bench said the sanctity of resolution process has to be maintained and such withdrawal by a successful bidder "frustrate" the entire exercise of CIRP

NCLAT sets aside NCLT order rejecting insolvency plea against Coastal Oil

The NCLAT''s direction came over a petition filed by Bank of India and Central Bank of India, challenging the NCLT order

NCLT to send Samay Electronics case to 3rd member after split verdict

The two-member Ahmedabad bench of the National Company Law Tribunal (NCLT) had delivered the split verdict on February 26, 2020