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DELHI NCLT RULING
Supreme Court refuses to entertain former NCLAT member's plea to practise before tribunalThe Supreme Court has rejected a plea from a former NCLAT technical member. The plea challenged a rule preventing ex-tribunal members from ...- NCLAT says NCLT cannot directly order SFIO Probe; refers matter to CentreThe National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) could not directly order an inve...
- NCLAT sets aside NCLT insolvency order against Embassy DevelopmentsEmbassy Developments has won a significant legal battle. The National Company Law Appellate Tribunal has cancelled an earlier order that pl...
- Plea against NCLT acting president appointment infructuous, says Delhi HCThe Delhi High Court has officially dismissed a petition that was questioning the legitimacy of the acting president's role at the National...
- Insolvency law not a recovery mechanism, Supreme Court reiterates in key IBC rulingIn a landmark decision, the Supreme Court has clarified that insolvency law is not intended for the mere pursuit of debt recovery. It highl...
- Vedanta's plea indirectly challenges commercial wisdom of CoC: Adani to NCLATAdani Enterprises told NCLAT the Jaiprakash Associates resolution process followed due procedure, with evaluation metrics disclosed upfront...
- Selection process of bidder for JAL was fair, transparent & not tailor made: Lenders to NCLATLenders defended their decision to select Adani Enterprises as the successful bidder for Jaiprakash Associates, telling the NCLAT that the ...
- Vedanta was never declared highest bidder for Jaiprakash Associates: RP to NCLATJaiprakash Associates insolvency proceedings see a dispute over Vedanta's claim as highest bidder. The resolution professional told the NCL...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- Vedanta questions metrics behind Adani’s winning bid for JALVedanta Group is challenging the selection of Adani Enterprises' bid for Jaiprakash Associates Ltd. Vedanta claims its offer was significan...
- Anil Agarwal says Vedanta got written win for Jaypee Group asset bid, later reversedMining baron Anil Agarwal stated Vedanta was initially declared the highest bidder for a Jaypee Group asset. However, the decision was late...
- NCLAT adjourns hearing on Vedanta petition to Tuesday, asks to implead Adani as partyThe insolvency appellate tribunal NCLAT has ordered Vedanta Group to include Adani Group in its appeals. These appeals challenge the NCLT's...
- SC agrees to examine NCLT's power to transfer cases outside stateA bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi agreed to examine the scope of the NCLT President's power to transf...
- NCLT directs initiation of insolvency proceedings against Hero ElectricNCLT has started insolvency proceedings against Hero Electric based on a plea from Metro Tyres. Metro Tyres claims Hero Electric defaulted ...
- Government notifies rules for National Company Law TribunalThe tribunal and its appellate authority are part of the Companies Act, 2013, whose many provisions came into effect from April 1, 2014.
- MCA issues draft norms for revival of sick companiesThe ministry has sought comments on the draft rules with respect to revival and rehabilitation of sick companies related provisions under t...
- Corporate Affairs Ministry seeks views on National Companies Law Tribunal draft rulesIn a notice, the ministry said suggestions and comments "along with justification in brief" on the draft rules for NCLT can be submitted ti...
- Second set of draft norms for Companies Act, 2013 releasedOf the chapters released on Friday, one of the main features is setting up of the National Company Law Tribunal (NCLT) and Appellate Tribun...
- Company Law Board to exercise powers till government notifies NCLT provisionsCompany Law Board will continue to exercise its powers till the government notifies a date for transfer of all matters before it to the Nat...
- 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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