Page 9 - Nclat

Twin Star Technologies moves SC against NCLAT stay in Videocon case

The petitioners have pointed to the fact that the NCLAT order is contrary to previous Supreme Court judgments

SC junks Devas Multimedia's appeal against NCLAT order to wind up company

The Supreme Court junked an appeal filed by Devas Multimedia challenging an order to wind up the company

Supreme Court upholds NCLAT order on winding up of Devas Multimedia

The Supreme Court on Monday upheld NCLAT, which in September last year dismissed a petition filed by Devas Multimedia against the order of the NCLT to wind up the company.

Future-RIL deal: NCLAT agrees to hear Amazon's appeal against CCI

But the appellate tribunal has refused Amazon interim relief in plea against CCI order on Future deal.

NCLAT to hear Amazon plea challenging CCI order in Future deal on Feb 2

The appellate tribunal has directed the Competition Commission of India and FCPL to file their reply in next 10 days and Amazon to file a rejoinder over it.

NCLAT disposes of DoT petition against Videocon resolution plan

A two-member bench observed that the appellate tribunal earlier this month had already set aside the June 8 order passed by the Mumbai bench of the National Company Law Tribunal (NCLT)

NCLAT rejects petitions against Ola in alleged predatory pricing matter

NCLAT has rejected petitions filed by ride sharing players Meru and Fast Track Call Cab against Ola alleging predatory pricing ways and anti-competitive practices in Bengaluru market

Amazon pulls CCI to NCLAT challenging suspension of 2019 Future deal

The US e-commerce giant's legal team is expected to make the argument that there was no misrepresentation of facts and all the information had been clearly mentioned.

NCLAT sets aside NCLT approval of Twin Star's resolution plan for Videocon

Remits matter back to Videocon's CoC for fresh bids; resolution plan approved was for only 4.15% of total outstanding claim amount and total hair cut to all creditors was 95.85%

NCLAT sets aside NCLT order approving Twin Star's bid for Videocon Group

NCLAT allows appeal by Bank of Maharashtra, IFCI, which had contested Twin Star's resolution plan

NCLAT stays CCI order imposing Rs 873 cr penalty on UBL, other beer makers

Passing an interim order, a two-member NCLAT bench has directed parties, including United Breweries Ltd, to deposit 10 per cent of the penalty amount by way of Fixed Deposit Receipt' within three week

Listing fee dues cannot be recovered under operational debt: NCLAT

Dues on the listing fees against a company are 'regulatory dues' in nature and cannot be recovered under 'operational debt' through insolvency proceedings, said National Company Law Appellate Tribunal

NCLT, NCLAT can encourage, not direct settlements under IBC: SC

The bench said that settlements have to be encouraged because the ultimate purpose of the IBC is to facilitate the continuance and rehabilitation of a corporate debtor

DoT moves NCLAT against resolution of Videocon; claims Rs 882-cr dues

The Department of Telecommunication (DoT) has moved the insolvency appellate tribunal NCLAT against the NCLT order approving the consolidated resolution plan for 13 companies of Videocon Group, including Videocon Telecommunications. The DoT, in its petition, has requested the appellate tribunal to set aside the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) on June 8, 2021 allowing the Rs 2,962-crore takeover bid by Anil Agarwal's Twin Star Technologies. DoT has submitted before NCLAT that defaulting telecom companies cannot be permitted to wriggle out of their liability by the triggering of the Corporate Insolvency Resolution Process. A three-member bench of NCLAT said the appellate tribunal has already stayed the NCLT order on July 19, 2021 by granting a "status quo ante" to be maintained and Resolution Professional will continue to manage the affairs of Videocon Industries as per provisions of the Insolvency & Bankruptcy Code. "In view of the ...

United Breweries challenges Rs 752 crore CCI penalty before NCLAT

Beer maker United Breweries Ltd (UBL) has approached the appellate tribunal NCLAT against Rs 751.8 crore penalty imposed on the company by the fair trade regulator CCI.

NCLAT stays Competition Commission's Rs 200 cr penalty on Maruti Suzuki

The amount has to be deposited with the Registrar of the National Company Law Appellate Tribunal (NCLAT)

Former SC judge Justice Ashok Bhushan takes charge as NCLAT Chairperson

Former Supreme Court judge Justice Ashok Bhushan on Monday took over as the chairperson of the National Company Law Appellate Tribunal

NCLAT asks NCLT to give hearing opportunity to two Videocon execs

NCLAT has directed NCLT to go for "fresh determination" and pass a new order after providing opportunity of hearing to two employees of Videocon, whose assets and bank accounts were frozen.

Govt seeks applications for 20 judicial, technical members at NCLT, NCLAT

The last date for submitting applications for the 20 positions at the National Company Law Tribunal as well as the NCLAT is November 12

NCLAT gives more time to Zee to file reply to Invesco's plea for EGM

NCLAT directs NCLT to allow Zee a reasonable and sufficient opportunity to file reply