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NCLT VERDICT QUASHED
'Methyl Isocyanate of law': SC slams AI 'hallucinations', quashes NCLT verdictThe Supreme Court has declared zero tolerance for AI-generated fake or hallucinated judgments used as legal precedents. Setting aside an NC...- NCLT adjourns hearing on Bhushan Power & Steel's promoter plea for a monthThe National Company Law Tribunal has postponed the hearing on Bhushan Power & Steel's case. Sanjay Singhal, the former promoter, filed a p...
- 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...
- IL&FS money laundering case: ED summons Maharashtra NCP president Jayant PatilThe 61-year-old MLA from Islampur seat of Maharashtra has been asked to depose before the federal agency on Friday, they said. Patil, a for...
- ED raids premises of two former IL&FS auditors in money-laundering caseED conducted raids at the premises of BSR and Associates and Deloitte Haskins and Sells in connection with a money-laundering probe into th...
- Amazon-Future case; SC to pronounce verdict on pleas of Future group firmsThe bench, on January 11, had reserved the judgement and had said that it wanted to send the case back to the Delhi High Court to render a ...
- SC ruling in favour of Amazon against Future puts one of India's biggest retail deals in limboAfter months of hearing the apex court finally ruled in favour of Amazon that in April had moved the Supreme Court challenging a March orde...
- ET Explains: How Essar Steel verdict changes the rules of the game for future bankruptcy casesIt was one of India's original Dirty Dozen referred by the RBI to NCLT for resolution under IBC.
- Reliance Communications heads to bankruptcy courtNCLT will now hear the insolvency case on May 7 and appoint an IRP to manage the company – under a debt of some Rs 46,000 crore.
- Stressed power cos can explore resolution directly with lendersPower companies had challenged the RBI circular.
- Legal fraternity divided over apex court order on NPA circularA detailed verdict is awaited as to what would be status of the resolution of those companies already arrived at under the circular.
- Anil Ambani will go to jail unless Reliance Communications pays up: Supreme CourtFailure to clear Ericsson dues within four weeks will result in 3-month jail for telco's chairman.
- Gujarat HC turns down Essar Steel's bad loan plea in big win for banksThe court had earlier stayed the insolvency proceedings against Essar Steel before the National Company Law Tribunal (NCLT) as an interim m...
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