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NCLAT STRENGTH
This smallcap real estate stock rallied 51% in 3 days. What’s behind the surge?Embassy Developments shares surged 51% in three days after the NCLAT overturned an earlier order admitting the company into insolvency proc...- 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...
- NCLAT reverses insolvency proceedings against Vatika LtdThe National Company Law Appellate Tribunal has overturned a lower court's decision to start insolvency proceedings against real estate fir...
- Adani Power in focus as NCLAT clears Rs 4,000-crore Vidarbha Power acquisitionIn terms of valuation, the stock is currently trading at a price-to-earnings (P/E) ratio of 22.86. Its price-to-sales (P/S) ratio stands at...
- FM Nirmala Sitharaman underlines steps taken on enhancing ease of biz, raising IBC staff strengthNirmala Sitharaman informed the Parliament that the issue of NCLT and NCLAT appointments were being taken up seriously and would be done sp...
- Insolvency resolution proceedings: Missed timelines, manpower crunch pose challengesStressed asset resolutions under the Insolvency and Bankruptcy Code faced delays due to staff shortages at the National Company Law Tribuna...
- Proposal afoot to expand NCLAT strength to 20The Indian government is considering an important proposal to increase the number of members in the National Company Law Appellate Tribunal...
- Govt mulls substantially expanding NCLAT strength to speed up insolvency, M&A appealsThe government is reportedly considering a proposal to increase the number of members in the National Company Law Appellate Tribunal (NCLAT...
- ZEEL MD & CEO Punit Goenka challenges NCLT's insolvency order before NCLATZee Entertainment Enterprises Limited (ZEEL) MD & CEO Punit Goenka has moved the National Company Law Appellate Tribunal (NCLAT) seeking re...
- NCLAT sets aside liquidation of Febris Multispeciality Hospital; orders probe into RP's conductThe appellate tribunal has set aside an order passed by NCLT for liquidation of Febris Multispeciality Hospital and said, the "matter is re...
- Insolvency cases: After missed timelines in 2021, process likely to speed up with improved infrastructureIn 2022, the need of the hour is speedy disposal of cases as several important insolvency-related matters such as Jet Airways, Dewan Housin...
- NCLAT gets third Acting Chairperson in a row; No full-time head since Mar 2020This is the third time in a row that an Acting Chairperson is at the helm of the NCLAT, which is handling several crucial appeals related t...
- Setting up of NCLAT Chennai bench to help cos, litigants in southern states: SitharamanThe bench will have jurisdiction to hear appeals against orders passed by the benches of the National Company Law Tribunal (NCLT) having ju...
- Suspension of fresh IBC proceedings, pandemic woes may hit resolution pace for stressed assetsTo provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy...
- Mistry files appeal in Supreme Court; says his family deserved more relief from NCLATAccording to the petition, the Mistry camp has sought remedies for many anomalies in the NCLAT order.
- Court that put Cyrus Mistry back in Bombay House has often had its rulings changedSix of the eight big cases decided in 2019 by the NCLAT have been reversed or modified by the top court, a larger proportion than previous ...
- NCLAT restores Cyrus Mistry as chairman of Tata Group, N Chandrasekaran's appointment held illegalThe order will take effect after four weeks and Tata has the option to challenge it.
- Tata Group legal advisers baffled by order: 'NCLAT granted relief which was never sought'The order has displaced Chandrasekaran, who had been selected following procedure provided under AOA.
- Tata Sons mulls legal recourse after losing round one to MistryThe ruling threatens to create more uncertainty for the group as it has immediately restored Mistry’s directorship.
- Will take appropriate legal recourse against NCLAT order: Tata SonsTata Sons said the "order appears to even go beyond the specific reliefs sought by the appellant (Mistry)". The holding company of the Tata...
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