Page 17 - Nclat

Cyrus Mistry case: Tata Trusts nominees did not exceed their brief, SC told

The Tata Trusts holds 66 per cent stake in Tata Sons - the holding company of Tata Group companies - and Ratan Tata is the chairman of the Trusts

NCLAT adjourns RoC plea on Tata Sons-Cyrus Mistry case till January 3

The hearing of Registrar of Companies' plea, seeking modifications in National Company Law Appellate Tribunal's (NCLAT) judgement in which Cyrus Mistry was reinstated as the executive chairman of Tata Sons, has been adjourned till Friday. A two-member bench headed by Chairman Justice S J Mukhopadhaya asked the Ministry of Corporate Affairs to submit details of the definition of private and public companies under the rules of the Companies Act. The bench has also asked for clarification on the paid up capital requirement for the same. Meanwhile, the counsel appearing for Tata Sons informed the appellate tribunal that the company has moved the Supreme Court against its order passed on December 18. However, the petition is yet to be listed, the counsel added. In its plea, the Registrar of Companies (RoC), which functions under the Ministry of Corporate Affairs, has also sought to be impleaded as a party in the two petitions and deletion of the words "illegal" and "with the help of th

Setback for the Tatas

NCLAT judgment raises several questions

NCLAT expunges NCLT order on Mistry, terms it 'disparaging, avoidable'

The NCLT had used words in remarks which includes "heart burn", "settle their score", "prejudicial to the interest of the company", "sovereign authority", "his way is highway" etc in its order.

Cyrus Mistry unlikely to take up a board position, may appoint nominees

Mistry and his team are reviewing the legal situation

Top headlines: Big win for Cyrus Mistry, Infosys fined $800k for tax fraud

A two-member NCLAT Bench headed by chairperson Justice S J Mukhopadhaya pronounced its judgement over the petitions moved by Mistry and two investment firms challenging his removal from the group

Tatas plan to move SC vacation bench for early stay against NCLAT order

The government too is getting active on the latest development in Corporate India

Tata-Mistry saga: In a new twist, RoC seeks modification of NCLAT order

The Registrar of Companies has sought deletion of the words 'illegal' and 'with the help of the RoC' used by the NCLAT in its last week order

Tata Sons moves SC against NCLAT order reinstating Cyrus Mistry

Tata Sons, the holding company, had four weeks to file an appeal with the Supreme Court.

Majority vs minority cliffhanger

The NCLAT judgment has surely dented Mr Tata's reputation as he has been asked to 'desist' from interfering in the affairs of the group

Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy

The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means

Is IBC in ICU?

Senior judges need briefings on economy-wide consequences of their decisions

I-T dept to move SC against Reliance Jio's plan to sell stake in tower arm

Mumbai, 24 DecemberReliance Jio Infocomm's plan to reduce debt by selling stake in its telecom tower arm to Canadian investor fund Brookfield isn't free of the income tax (I-T) department hurdle. The latter plans to petition the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order of December 20 which cleared Jio's proposed demerger of tower and fibre optic network assets to two infrastructure trusts. The clearance was in spite of I-T objections. The department argued that the proposed conversion of preference shares worth Rs 65,000 crore by Jio - by cancelling and then converting these into loans -- would substantially reduce the profit of the demerged company. And, so, cause huge loss of revenue to the department. In sum, a move to avoid and evade taxes, it contended. Jio denied the charges. An e-mail sent this week by this publication to Reliance for its views on the issue did not elicit a response.In July this year, Brookfield had said it would pay Rs ..

Investors in fear as commercial disputes treated as criminal complaint: CII

Prime Minister Narendra Modi last week said the government is working to decriminalise some provisions of the Companies Act to make it easier to do business in the country

Top headlines: Jharkhand results, MCA moves NCLAT on Tata order, and more

The RoC on Monday moved the NCLAT requesting to amend its order and remove the word "illegal" with respect to the conversion of Tata Sons from a public company to private company

Corp Affairs Min moves NCLAT, seeks modification in its order on Tata Sons

Passing an order on December 18, NCLAT had directed for the reinstatement of ousted Cyrus Mistry as Chairman of Tata Sons.

Volatility could rise in Tata group firms

The NCLAT order could also create trading and investment opportunities

Equity investors shrug off NCLAT's adverse judgment in Tata-Mistry case

Most key Tata stocks have gained since Wednesday's order; weakness remains in smaller stocks

NCLT directs Jet Airways lenders to expedite decision on fresh EOIs

The RP on December 17 had told the tribunal that until now two investors have shown interest in the airline

Tata vs Mistry: What next in India's biggest corporate thriller?

If Supreme Court strikes down the NCLAT order restoring Cyrus Mistry's position, then life returns to normal at Tata Group.