News digest: NCLT, Jet Airways, ATM shutdown, MP elections, and more

MCA likely to be given responsibility; aim is to let tribunal focus on company law, insolvency cases

NCLT’s power to approve merger deals may go

The government is considering taking away the power of the National Company Law Tribunal (NCLT) to approve or reject mergers and acquisitions (M&A) and give the responsibility to the regional directors of the Ministry of Corporate Affairs (MCA). The proposal is aimed at easing the burden on NCLT benches and ensuring that they only hear cases related to the Companies Act and the Insolvency and Bankruptcy Code. Read more here

Jet, Etihad back on deal table  

Troubled carrier Jet Airways has once again started negotiations with its joint venture partner Etihad Airways