Page 20 - Nclat

'Will practice same regime as in Europe?', SC on Google plea on CCI penalty

The Chief Justice added, "Please reflect on this and come back"

Supreme Court to hear plea of Google against NCLAT order on January 18

The Supreme Court said it will hear on January 18 a plea of US tech giant Google against an order of the NCLAT refusing an interim stay on the competition regulator imposing a Rs 1,337 crore penalty

New player will always need more dealers: JSW Paints CEO Sundaresan A S

The company also intends to add one more manufacturing in the next three years with an investment of Rs 750-1,000 crore, Sundaresan A S, CEO at JSW Paints told Business Standard

NCLAT refuses to stay CCI's order of Rs 936 crore penalty on Google

The Appellate Tribunal will hear the matter on April 17

NCLAT declines stay on CCI's Rs 936 cr Google penalty, asks firm to pay 10%

The NCLAT, on January 4, had refused an interim stay on an order of the competition regulator imposing a Rs 1,337 crore penalty on Google

Big Tech's new reality in India: Stricter regulation, face-off with telcos

All of a sudden, global tech giants are grappling with the prospect of more stringent regulation and domestic telco's demands for a level playing field

CCI order puts Android users' privacy at risk: Google to Supreme Court

The tech giant -- in its 739-page appeal challenging the National Company Law Appellate Tribunal's (NCLAT's) refusal to grant an interim stay

NCLAT upholds removal of resolution professional of Shree Ram Urban Infra

The National Company Law Appellate Tribunal (NCLAT) on Tuesday upheld the order of NCLT, directing removal of the resolution professional (RP)of Shree Ram Urban Infrastructure Ltd. The appellate tribunal also directed the Insolvency and Bankruptcy Board of India to conduct an enquiry against the RP and take appropriate steps in accordance with the law. A two-member NCLAT bench comprising Justices Rakesh Kumar and Shreesha Merla said the NCLT was "well within its jurisdiction" to pass an order for the removal of the RP, particularly in a situation where he had not taken any steps to convene a meeting of the Committee of Creditors (CoC). The NCLAT observed that the Corporate Insolvency Resolution Process (CIRP) was initiated against Shree Ram Urban Infrastructure Ltd (SRUIL) on November 06, 2019, and the first CoC meeting was conducted after more than one-and-a-half years on April 19, 2021. NCLT "has categorically observed that the RP has 'miserably failed to adhere to the timelines

Explained: Google-CCI saga and Competition Commission's shortcomings

With Google alleging that CCI copy-pasted an order passed by European Union's General Court, gaps in manpower and capacity at CCI have surfaced

NCLAT dismisses Wave Group's appeal for insolvency proceedings

The NCLAT upheld the old order, along with the fine of Rs 1 crore

Major setback for Google as NCLAT refuses interim stay on CCI order

Tribunal asks Google to deposit 10% of Rs 1,330 cr penalty levied by CCI; next hearing on April 3

NCLAT directs Google to pay 10% of Rs 1,337 crore penalty imposed by CCI

CCI penalised Google in October over alleged violations in the Android mobile ecosystem

Google-CCI tussle: Industry divided even before the hearing starts

Handset manufacturing firm Micromax and Jaina Private Limited are learnt to have filed an appeal in NCLAT against the same CCI order, in support of Google

Supertech offered 9,705 flats without occupancy certificates: NCLAT told

Debt-laden Supertech offered 9,705 flats across 18 residential projects to their owners without obtaining occupancy certificates from the respective development authorities, according to a report prepared by the realty firm's interim resolution professional. The Interim Resolution Professional (IRP) Hitesh Goel has submitted the status report about the company to the National Company Law Appellate Tribunal (NCLAT). Supertech has filed an appeal before the appellate tribunal challenging the National Company Law Tribunal's (NCLT) ruling on March 25 this year, wherein it initiated insolvency proceedings against the company. The matter is pending before NCLAT. The status report, pertaining to 18 residential projects spread across Uttar Pradesh, Haryana and Uttarakhand, was submitted to NCLAT on May 31. "As per the information received from the management, there are 148 towers/plots/Villas and approximately 10,000 houses where the possession has been offered but OC has not yet received,

Competition Commission starts recovery proceedings against Google: Report

CCI had imposed a penalty of Rs 1,336.7 crore on Google on October 20 for indulging in anti-competitive conduct

Govt invites applications for judicial, technical positions at NCLAT

The government has sought applications for a total of three positions of judicial and technical members at the National Company Law Appellate Tribunal (NCLAT). The applications have been invited for the position of one judicial member and two technical members at the NCLAT. The last date for submission of the applications online is January 23, 2023, according to a public notice issued by the corporate affairs ministry on Friday. As per the requirements for the positions at NCLAT, the applicants should be at least 50 years old. He/she should have been a judge of a high court or a judicial member of the National Company Law Tribunal (NCLT) for five years or has been an advocate with 10 years of experience in litigation in matters relating to company affairs before NCLT, NCLAT, High Court or Supreme Court to be considered for the post of judicial member at the NCLAT. For the position of a technical member, NCLAT called for persons with "proven ability, integrity and standing having .

NCLAT sets aside CCI order on DLF, remanded back directing to examine

The NCLAT has set aside an order passed by fair trade regulator Competition Commission of India (CCI) with respect to DLF and directed it to examine the matter. The case pertains to CCI rejecting a complaint against DLF and its subsidiary for alleged abuse of the dominant position on the basis of a second/supplementary report from DG. The appellate tribunal said CCI was "not authorised to pass an order for further investigation" if once its probe unit - the DG (Director General) has already "noticed the violation" in its first report and "the same cannot be justified". Based on the second/supplementary DG report, CCI passed the order concluding that the contravention of the provisions" of the Competition Act was not established against DLF and its wholly-owned subsidiary DLF Home Developers. A two-member NCLAT bench said it was "of the opinion that without going into further detail or delving into the merit of the case the order impugned is liable to be set aside since the order

Google dials NCLAT against CCI's Android order, Rs 1,337-crore fine

Says CCI order presents a major setback for its Indian users and businesses who trust Android's security features

NCLAT sets aside pleas against CCI's Rs 873-cr penalty on UBL, beer makers

The National Company Law Appellate Tribunal (NCLAT) on Friday upheld the Rs 873-crore penalty imposed by fair trade regulator CCI on UBL and other beer makers. A two-member bench said after examining the materials and considering the arguments, it was of opinion that the "appellants had already admitted in the leniency application regarding their involvement in the cartelisation". Referring to the batch of petitions moved by the beer makers before the CCI seeking reduction in penalty, the NCLAT said: "Lesser penalty application is like an admission of guilt in a cartel." "Once they have admitted their involvement in an application filed under Section 46 read with Regulation 5, they were only entitled to question the imposition of penalty," said the two-member bench comprising Justices Rakesh Kumar and Ashok Kumar Mishra. The Competition Commission of India (CCI) on September 24, 2021, imposed penalties totalling over Rs 873 crore on UBL, Carlsberg India, All India Brewers' Associat

CCI likely to appeal against NCLAT order in DLF matter: Sources

The Commission in 2018 had found DLF in contravention of the Competition Act for abusing its dominant position and discriminatory practices