Page 37 - Nclat

NCLAT quashes NCLT order directing return of land to Jaypee Infratech

Jaiprakash Associates was ordered to return 858 acres to Jaypee Infratech

SC to hear Jaypee Group's plea against NCLAT order on bidding Friday

The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of National Company Law Appellate Tribunal

NCLAT allows 90 day extension in Jaypee Infra CIRP, allows fresh bids

Appellate tribunal bars Jaypee Infra parent firm from submitting fresh bids

NCLAT agrees to hear IL&FS auditors appealing against govt charges

Interim order of NCLT staying impleadment of auditors to continue till August 19, says NCLAT.

NCLAT extends Jaypee Infra resolution period, rejects promoters' bid

It has also directed the RP and the Committee of Creditors of the company to finish the entire process of selecting new bidders

NCLAT grants 3 weeks to Dighi Port promoters to settle creditors' claims

The appellate tribunal has directed to list the matter for next hearing on August 21

NCLAT stays NCLT order approving Dhanuka Lab's resolution plan for Orchid

The CoC had selected the proposal of Dhanuka Laboratories and gone ahead with the voting even as Accord Life Spec approached the NCLT against CoC's decision

RCom default: NCLAT dismisses contempt petition against Anil Ambani

The appellate tribunal also said that it has not gone into merit and allowed the appeal to be withdrawn on May 29, 2018 after the minority shareholders and RCom reached settlement

Can we pass an arrest order under insolvency law, NCLAT asks Centre

Section 74(3) of the IBC stipulates that officers of those companies who knowingly and wilfuly contravene the terms of the resolution plan should be sentenced to imprisonment

A killer judgment

India must guard against perverse bankruptcy judgments, such as the one on Essar Steel

A swift response

Govt has moved fast to address IBC problems

IBC amendments may make resolution faster but raise inter-govt conflicts

Several government bodies have questioned the validity of resolution plans that reduces their claims

Lack of infra remains biggest challenge for NCLAT's Justice Mukhopadhaya

At 69, with about seven months to go before his superannuation, Justice Mukhopadhaya often rues that he is racing against time to complete as many cases as he can

If not quashed, Essar Steel ruling can unravel India's insolvency reform

The ruling can make credit costs for India Inc. surge, shares of state-run banks swoon and foreign investors flee

NCLAT seeks details of settlement with McDonald's from Vikram Bakshi

Appellate tribunal also asks Bakshi to indicate how much he can pay Hudco, which is seeking Rs 190 crore

NCLAT rejects HDFC's plea seeking insolvency against RHC Holding

The appellate tribunal said it found "no merits" in HDFC's petition and said that non-bank financial lenders come under the purview of the Reserve Bank of India

Essar Steel lenders to appeal against NCLAT order on creditors: SBI chief

SBI chairman Rajnish Kumar, whose bank has lent more than Rs 15,000 crore to Essar Steel, said the NCLAT verdict will discourage banks from taking stressed asset cases to the insolvency process

Ruchi Soya directed to study if NCLAT's Essar order can impact their case

The tribunal observed that the NCLAT order has changed the entire outcome for all stakeholders and is like a formula with clear-cut directions on the distribution of the proceeds should be carried out

NCLT Mumbai asked to pass order on Videocon Cos insolvency plea in 3 weeks

The appellate tribunal said that it appears that even on April 16, 2019, when the matter was listed, order had not been pronounced

Pepsi approaches NCLAT for release of its machinery from Oceanic Tropical

Company had supplied machine for producing juice, Mirinda cups to Oceanic Tropical, which is undergoing liquidation