Page 32 - Nclat

Insolvency limited to concerned realty project, won't impact others: NCLAT

The appellate tribunal has also suggested that there should also be a reverse corporate insolvency process in such cases

I-T dept reverses stance on NCLAT's proposed demerger order of Reliance Jio

Seeks law min opinion on course of action

Dalmia Cement to move NCLAT against NCLT over subsidiary insolvency case

The cement company is guided by RBI norms and directions, and there stands a strong legal ground for quashing of the NCLT order

In a breather to Raheja Developers, NCLAT sets aside insolvency proceedings

The NCLAT also questioned the role of its flat buyers and observed that they moved the NCLT to initiate insolvency proceedings against the company "fraudulently with malicious intents".

Market Wrap, Jan 24: Sensex up 227 pts, BSE mid-cap index hits 52-wk high

Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow

ED opposes dropping ongoing investigation against Bhushan Power and Steel

This is because the immunity provided by the new provision in the insolvency law is not applicable to the new promoter (JSW Steel)

NCLAT stays NCLT ban on ex-bankers' appointment as resolution professionals

The NCLT order had cast doubt on debt resolutions of several companies including Videocon Industries and Essar Projects, where former bank officials are working as IRPs

NCLAT asks DLF to transfer 60,000 shares to deceased investor's legal heirs

Proof of depositing the same will be submitted to the Registrar of NCLAT within a week thereafter, the order passed on January 13 said.

Don't see impact on TCS from NCLAT's ruling on Chandrasekaran: Gopinathan

The Supreme Court has given a 'blanket stay' on the NCLAT order, the company's Chief Executive and Managing Director Rajesh Gopinathan said

IL&FS: NCLAT to provide formula for proceeds' distribution among creditors

Companies under the green category will be those that continue to meet their payment obligations

NCLAT asks ED, CBI and SFIO to clarify JSW Steel's immunity in BPSL matter

The appellate tribunal had directed to list the petition on January 23, for next hearing.

IL&FS wants NCLAT direction on removal of PFC as one of its top 5 creditors

IL&FS will seek directions from the NCLAT for removal of Power Finance Corporation (PFC) as one of the top five creditors, due to the transfer of wind power assets.

IL&FS case: NCLAT reserves order over NCLT jurisdiction to implead auditors

Hearing a plea by Deloitte Haskins and Sells and KPMG arm BSR & Associates, the NCLAT on Friday reserved its order on the NCLT's jurisdiction over impleadment of auditors in the case involving alleged fraud in IFIN, a subsidiary of IL&FS. The two-member bench led by Chairman Justice S J Mukhopadhaya also sought a written submission from the Ministry of Corporate Affairs by Tuesday, to determine whether the NCLT has jurisdiction to initiate civil proceedings against any party. The Ministry of Corporate Affairs (MCA) had asked the National Company Law Tribunal (NCLT) to freeze the assets of the former auditors in the case involving alleged fraud in IFIN, a subsidiary of Infrastructure Leasing & Financial Services (IL&FS). Arguing for the government, a counsel said that impleadment is being sought to explain the conduct by auditors. He said all those persons who have been impleaded are directly attached with the affairs or the management of affairs of the company and ...

SC stays NCLAT order restoring Cyrus Mistry as Tata Sons' chairman

A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant agreed to hear Tata Sons' plea challenging the National Company Law Appellate Tribunal (NCLAT) decision

MCA vs NCLAT: Truce or war?

The National Company Law Appellate Tribunal's latest judgment on the RoC application in the Tata-Mistry case has made the fight interesting on many counts

Tata vs Mistry case: Firm petitions against order on 'winding up'

According to a copy of the draft appeal submitted by the holding company in the apex court, there are "no cogent reasons" assigned for the conclusions arrived at in the "Impugned Judgment."

Now, TCS moves SC against NCLAT order reinstating Mistry as director

In a major development, the NCLAT had restored Mistry as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as the head was illega

Disqualified parties barred from liquidation process, says IBBI

Such persons will also not be eligible to enter into any settlement or arrangement with the creditors of the insolvent company under Section 230 of the Companies Act, the IBBI has clarified

SC to hear Tata Sons' plea challenging NCLAT decision on Mistry on Friday

The apex court website on Tuesday showed the plea to be listed before a three-judge bench comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant

TCS board won't meet on January 9; Q3 results likely after SC hearing

SC will hear the petition filed by Tata Sons on January 10