Page 20 - Nclat

NCLAT keeps Bakshi deal with McDonald's on hold, bars him from going abroad

Two-member bench headed by Justice S J Mukhopadhaya says prima facie there is a case for deal to be stayed for now and the case to be heard on merits

IL&FS board files affidavit with NCLAT; 3 amber entities may become green

The total debt of three entities that may be reclassified as green is around Rs 5,071 crore - Rs 3,242 crore from secured lenders and Rs 1,829 crore from the unsecured ones

NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate

NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20

NCLAT rejects govt claims of $314 mn from Videocon for Ravva offshore

The ministry had on October 22 last year sent Videocon a demand notice for payment of govt's share of profit petroleum

NCLAT bars petroleum ministry from recovering Rs 2,245 crore from Videocon

Appellate tribunal upholds NCLT Mumbai order, says ministry free to approach RP with its claims

McDonald's row: NCLAT gives Bakshi last chance to settle dispute with Hudco

The appellate tribunal was hearing an intervention plea by HUDCO, claiming dues of Rs 195 crore from Bakshi

NCLAT seeks Jet lenders' response on Dutch insolvency administrator's plea

Appellate tribunal asks Jet lenders to file affidavit in a week, to next hear the case on September 4

NCLAT asks Jet lenders if they would cooperate with Dutch administrator

A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhyay asked the Committee of Creditors (CoC) of Jet Airways to file an affidavit within a week in this regard

NCLAT declines interim relief to Deloitte, BSR Associates in IL&FS case

The National Company Law Appellate Tribunal (NCLAT) on Tuesday declined to give any interim relief to auditing firms Deloitte Haskins & Sells LLP and B S R Associates LLP with regard to a ban imposed on them in the IL&FS case. The NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, a three-member bench headed by Chairperson Justice S J Mukhopadhaya said. The NCLAT, however, said that the NCLT will not pass any final order till its next hearing on September 20. Listing the matter for September 20, the NCLAT also issued a notice to the Ministry of Corporate Affairs to file its reply within two weeks. The NCLAT was hearing appeals filed by Deloitte and BSR against the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which on August 9, rejected their pleas of challenging its jurisdiction to ban them from the business for five years for their omissions and commissions in the IL&FS Group scam. The

Amtek Auto heads for liquidation; NCLAT clears the way for the process

Amtek Auto's total debt stands at Rs 12,603 crore, liquidation value of assets nearly Rs 4,120 crore

NCLAT raps MCA, IL&FS board over delay in presenting resolution plan

Appellate tribunal to next hear matter on September 5, asks MCA, IL&FS board to file progress report by September 3

Will challenge IBC amendments: Essar Steel operational creditors tell SC

Supreme Court agrees to hear operational creditors on August 19, asks them to file amended applications in a week

NCLAT quashes NCLT order directing return of land to Jaypee Infratech

Jaiprakash Associates was ordered to return 858 acres to Jaypee Infratech

SC to hear Jaypee Group's plea against NCLAT order on bidding Friday

The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of National Company Law Appellate Tribunal

NCLAT allows 90 day extension in Jaypee Infra CIRP, allows fresh bids

Appellate tribunal bars Jaypee Infra parent firm from submitting fresh bids

NCLAT agrees to hear IL&FS auditors appealing against govt charges

Interim order of NCLT staying impleadment of auditors to continue till August 19, says NCLAT.

NCLAT extends Jaypee Infra resolution period, rejects promoters' bid

It has also directed the RP and the Committee of Creditors of the company to finish the entire process of selecting new bidders

NCLAT grants 3 weeks to Dighi Port promoters to settle creditors' claims

The appellate tribunal has directed to list the matter for next hearing on August 21

NCLAT stays NCLT order approving Dhanuka Lab's resolution plan for Orchid

The CoC had selected the proposal of Dhanuka Laboratories and gone ahead with the voting even as Accord Life Spec approached the NCLT against CoC's decision

RCom default: NCLAT dismisses contempt petition against Anil Ambani

The appellate tribunal also said that it has not gone into merit and allowed the appeal to be withdrawn on May 29, 2018 after the minority shareholders and RCom reached settlement