NCLAT to have a Chennai bench
As per the Centre's notification on Friday, the NCLAT, Chennai will hear appeals from the National Company Law Tribunals (NCLTs) having jurisdiction over Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Lakshadweep and Puducherry.
Corona scare: NCLAT to hear only "urgent matters"
Announcing the precautionary measures, NCLAT said: "Premises of this Appellate Tribunal sha...
NCLAT to hear only IBC appeals from Tuesday
The National Company Law Appellate Tribunal (NCLAT) will hear only appeals under the Insolvency a...
NCLAT dismisses Flipkart insolvency proceedings
A three-member bench of the NCLAT has directed the interim resolution professional (IRP) appointed by the Bengaluru bench of the National Company Law Tribunal (NCLT) to hand over the records as well as the assets of the company back to its promoter immediately.
NCLAT locks down its premises from March 21 to April 1
Urgent matters will be heard only on two days during this period, March 25 and April 1, by specially constituted benches.
Jaypee Infratech acquisition: NBCC moves NCLAT seeking relief on certain conditions
ources said NBCC has made an appeal for modifying certain conditions mentioned in the NCLT order related to farmers' compensation for land acquisition in Noida and Greater Noida in Uttar Pradesh. It has also sought relief on payments to be made to some dissenting financial creditors like ICICI Bank.
NCLAT dismisses Gayatri Devi's grandchildren claim on Jai Mahal Hotel
A two-member NCLAT bench observed that Rajkumar Dev Raj and Rajkumari Lalitya "can not claim title on the basis of succession certificate dated February 19, 2009". Earlier on August 1, 2018 NCLT had restored the ownership of Jai Mahal hotel in favour of grandchildren of late Maharani Gayatri Devi.
NCLAT sets asides insolvency proceedings against Flipkart
A three-member bench of the NCLAT released Flipkart from the corporate insolvency resolution process and directed the IRP appointed by NCLT to handover the records and assets of the company back to its promoter immediately. Earlier, on October 24, 2019, the Bengaluru Bench of NCLT had admitted the insolvency plea filed by Cloudwalker Streaming Technologies.
NCLAT to have a bench at Chennai, Govt issues notification
Chennai-based bench would hear the appeals against the orders of the benches of the National Company Law Tribunal (NCLT) having jurisdiction of Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Lakshadweep and Puducherry, the notification said.
Government appoints Justice B L Bhat as officiating chairman of NCLAT
"Consequent on the completion of the term of Office of Justice (Retd.) Shri S.J. Mukhopadhaya, as Chairperson NCLAT on March 14, 2020, Central Government hereby appoints, Justice (Retd.) Shri Bansi Lal Bhat, Member (Judicial), NCLAT, as officiating Chairperson," an official notification said.
NCLAT clears insolvency resolution framework for IL&FS proposed by govt
In its final judgement on the insolvency proceedings against Infrastructure Leasing & Financial Services (ILFS), the National Company Law Appellate Tribunal (NCLAT) approved the resolution framework proposed by the government.
NCLAT sets aside Ferro Alloys promoters plea against NCLT approval
Earlier, the Committee of Creditor (CoC) had approved Sterlite Power Transmission Ltd's (SPTL) bid by 95.15 per cent of voting share, which was subsequently also passed by the NCLT on January 30, 2020.
NCLAT sets asides govt plea to supersede 63 Moons Technologies board
An NCLAT bench headed by Chairperson Justice S J Mukhopadhaya, however, upheld the directions of the Chennai bench of the National Company Law Tribunal (NCLT) to appoint three government nominees on the board of 63 Moons. "The directors (including govt nominees) would remain on the board," the NCLAT said.
NCLAT upholds CCI order on Adani Gas for abuse of dominant position
Competition Commission of India (CCI) had on July 3, 2014 imposed a penalty of Rs 25.67 crore on AGL after finding its Gas Supply Agreement (GSA) imposing unfair conditions upon the complaints of Faridabad Industries Association. CCI had also directed AGL to cease and desist from indulging in conduct found to be in contravention of the provisions of the Competition Act.
NCLAT refers GE-Triveni dispute to NCLT bench
The National Company Law Appellate Tribunal has referred the ongoing dispute between General Electric and Triveni Turbines over their joint venture back to the Bengaluru bench of the National Company Law Tribunal (NCLT).
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