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NCLT VERDICT
Byju's Aakash endgame; Startup deal street wakes upHappy Monday! Byju's US lenders and Manipal are close to sealing a settlement over Aakash. This and more in today’s ETtech Morning Dispatch.- Bhushan Power ex-promoter moves NCLT to give effect to SC liquidation orderSanjay Singal, former promoter of Bhushan Power and Steel, has appealed to the NCLT Delhi to enforce the Supreme Court's decision overturni...
- Dadheech Infra case: NCLAT upholds insolvency proceedings; flags delay by NCLT in pronouncing verdictSubsequent to the execution of the second PoA, the NCLT on April 4, 2022, had directed SREI Equipment Finance to obtain proper instructions...
- Oyo asks tourism ministry to cancel membership of FHRAI’s executive committeeIt urged the tourism ministry to take necessary action against FHRAI's "illegally run" executive committee and its members alleging that th...
- Income Tax authorities challenge some recast deals before NCLTExperts said the tax authorities' opposition to some of the corporate restructuring deals stems from concerns that some deals may be struct...
- NCLT cannot exercise power to initiate insolvency proceedings arbitrarily: Supreme CourtThe top court said if a corporate debtor opposes the initiation of insolvency proceedings on the ground that it has a money award in its fa...
- Company law tribunal can't compel parties to settle dispute in insolvency proceedings under IBC, says SCA bench comprising Justices D Y Chandrachud and A S Bopanna set aside the verdicts of NCLT and NCLAT which had asked the company to try to ...
- SC cautions NCLT & NCLAT on interference with party's contractual right to terminate contract"We would like to issue a note of caution to the NCLT and NCLAT regarding interference with a party's contractual right to terminate a cont...
- Chronology of events in Tata-Mistry caseFollowing is the chronology of developments in the Tata-Mistry case in which the Supreme Court on Friday set aside the NCLAT order restorin...
- NCLT has jurisdiction to adjudicate disputes solely relating to insolvency of corporate debtor: Supreme CourtA bench of Justices DY Chandrachud and M R Shah said, "Therefore, considering the text of Section 60(5)(c) (of IBC) and the interpretation ...
- Any creditor of firm in liquidation can seek transfer of winding up plea from HC to NCLT: SCA bench headed by Chief Justice S A Bobde and justices A S Bopanna and V Ramasubramanian was faced with two legal questions as to what are ...
- NCLT directs DoT not to suspend Aircel’s spectrum licenseThe battle between Aircel , which keeled under a debt of Rs 26,000 crore, and Department of Telecommunications (DoT) started when the latte...
- Sebi moves SC over jurisdiction issues with NCLTSecurities lawyers said there are merits to Sebi’s argument.
- Ratan Tata welcomes NCLT verdictThe Mistry family owns over 18.34 per cent in Tata Sons, since the past six decades or so, making them the largest non-promoter shareholder...
- NCLT verdict is a great relief but this is not end of the story: VR Mehta, Tata Trust“The allegation that Mr Tata interfering in affairs of the Tata Sons is totally unfounded.”
- NCLT order on Tata-Mistry case to be pronounced on July 9The two-member NCLT bench comprising BSV Prakash Kumar and V. Nallasenapathy said they had to make some corrections and pronounce the verdi...
- NCLT verdict on Tata-Mistry feud on July 4The over 18 per cent stake makes the Mistry group as the single largest shareholder in countrys largest corporate entity, though.
- NCLT rejects Exim Bank’s claim of Rs 625 crore on JEKPLThe bank had invoked its claim on March 30, almost two weeks after corporate insolvency resolution process (CIRP) was initiated against the...
- Supreme Court reserves verdict on constitutional validity of company TribunalDattar submitted that the Act is such that all civil servants would be eligible to be in the Tribunal and the judiciary will be taken out w...
- SC paves way for setting up NCLT to deal with company mattersUpholding the validity of amendments made to the Companies Act in 2002, the SC today paved the way for the establishment of the NCLT to dea...
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