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NCLAT sends Aakash's AoA amendment case back to NCLT

NCLAT sends Aakash's AoA amendment case back to NCLT

Sat, Dec 07, 2024

Moreover, the status quo would continue as directed by the Supreme Court in this matter, a 14-page-long NCLAT order said.

NCLAT approves Rs 158 crore settlement between BCCI & Byju's

NCLAT approves Rs 158 crore settlement between BCCI & Byju's

Fri, Aug 02, 2024

NCLAT approves Rs 158 crore settlement between BCCI and Byju's; sets aside insolvency proceedings. (This article will soon be updated)

NCLAT defers hearing on Google's Play Store billing policy to July 5

NCLAT defers hearing on Google's Play Store billing policy to July 5

Fri, May 24, 2024

A two-member National Company Law Appellate Tribunal (NCLAT) bench, after a brief hearing over the petitions, directed listing the matter after summer vacations on July 5.

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Coronavirus scare: NCLAT adjourns all hearings in March as precautionary steps

Coronavirus scare: NCLAT adjourns all hearings in March as precautionary steps

Mon, Mar 16, 2020

Taking precautionary measures amid coronavirus outbreak, the National Company Law Appellate Tribunal (NCLAT) has adjourned all its scheduled hearings in March

McDonald's selects Sanjeev Agrawal as new partner for north, east India markets

McDonald's selects Sanjeev Agrawal as new partner for north, east India markets

Mon, Feb 03, 2020

"Agrawal has a strong understanding and passion for the McDonald's brand, insights into the local market, and a proven track record of driving quality and innovation in the food and beverage and hospitality industries," said McDonald's Asia Director Corporate Relations Barry Sum.

NCLAT to clarify Tata-Mistry order had no aspersions on RoC

NCLAT to clarify Tata-Mistry order had no aspersions on RoC

Fri, Jan 03, 2020

On Thursday, The NCLAT had asked the Registrar of Companies (RoC) to explain the rationale behind allowing Tata Sons to convert into a private company and also sought details of the process for the permission.

Tata Sons moves SC against NCLAT order to re-appoint Cyrus Mistry as Chairman

Tata Sons moves SC against NCLAT order to re-appoint Cyrus Mistry as Chairman

Thu, Jan 02, 2020

Tata Sons on January 2 moved the Supreme Court of India against the National Company Law Appellate Tribunal (NCLAT) order that directs reinstatement of Cyrus Mistry as Executive Chairman. #ZeeBusiness #Tata #TataSons #NCLAT #CyrusMistry

Ministry of Corporate Affairs may challenge part of NCLAT decision in Tata-Cyrus Mistry Case: Sources

Ministry of Corporate Affairs may challenge part of NCLAT decision in Tata-Cyrus Mistry Case: Sources

Thu, Dec 19, 2019

NCLAT in its order had noted that "The conversion of the company from 'Public Company' to 'Private Company' as by the RoC is against the provisions of Section 14 of the Companies Act, 2013 and 'prejudicial’ and ‘oppressive’ to the minority members and depositors etc. and declared conversion of the ‘Tata Sons Limited’ from ‘Public Company’ to 'Private Company’ by Registrar of Companies, as illegal.'

Cyrus Mistry family allowed to sell Tata Sons stake as per choice by NCLAT

Cyrus Mistry family allowed to sell Tata Sons stake as per choice by NCLAT

Thu, Dec 19, 2019

The company had in 2017 decided to convert into a private company whereby the shareholders would not be able to trade their shares, which was vehemently opposed by Cyrus Mistry and his family who have over 18 per cent stake in Tata Sons.

Cyrus Mistry: Stand vindicated, want robust governance framework

Cyrus Mistry: Stand vindicated, want robust governance framework

Wed, Dec 18, 2019

"The outcome of the appeal is a vindication of my stand taken when the then Board of Tata Sons, without warning or reason removed me, first as the Executive Chairman, and subsequently as a Director of Tata Sons."

ArcelorMittal-Essar Steel: Why SC NCLAT ruling is a major success of insolvency mechanism in India - Explained

ArcelorMittal-Essar Steel: Why SC NCLAT ruling is a major success of insolvency mechanism in India - Explained

Fri, Nov 15, 2019

As the Supreme Court on Friday set aside the NCLAT ruling on Essar Steel that provided for equal distribution of proceeds between financial and operational creditors, decks have been cleared for ArcelorMittal's acquisition of the bankrupt steel company.

Essar Steel Insolvency: SC quashes NCLAT ruling, clears ArcelorMittal takeover bid; SBI to PNB, bank stocks skyrocket

Essar Steel Insolvency: SC quashes NCLAT ruling, clears ArcelorMittal takeover bid; SBI to PNB, bank stocks skyrocket

Fri, Nov 15, 2019

Essar Steel Insolvency: The Supreme Court has set aside the National Company Law Appellate Tribunal (NCLAT) judgement on Essar Steel case on November 15th.

NCLAT allows promoters to regain control of firms at liquidation stage

NCLAT allows promoters to regain control of firms at liquidation stage

Wed, Sep 04, 2019

In the liquidation case pertaining to Sterling Biotech, the NCLAT has set aside a bankruptcy court order to liquidate a debt-ridden company while allowing its promoters to take back control of the firm after making full payment to the lenders.

Ray of hope for home buyers in Jaypee case; NCLAT to hear all parties on NBCC bid on July 17

Ray of hope for home buyers in Jaypee case; NCLAT to hear all parties on NBCC bid on July 17

Tue, Jul 02, 2019

NBCC`s bid to acquire the company was rejected by the lenders, led by IDBI Bank, in the latest round of voting, even though the home buyers were in its favour.

Jaypee Infratech insolvency: NCLAT says banks can vote against NBCC proposal

Jaypee Infratech insolvency: NCLAT says banks can vote against NBCC proposal

Mon, Jun 10, 2019

"As the voting is going on, we are not inclined to pass any orders. We make it clear that if any financial creditor remains absent from voting, their voting percentage would not be counted," the Appellate Tribunal said.

Mission Samadhan has played an important role in reducing net NPA burden: Deenbandhu Mohapatra, Bank of India

Mission Samadhan has played an important role in reducing net NPA burden: Deenbandhu Mohapatra, Bank of India

Fri, May 17, 2019

Dinabandhu Mohapatra, MD & CEO Of Bank of India, speaks about quarter results and reasons for betterment, provisioning coverage ratio and slippages, NCLT accounts and 'Mission Samadhan' among others during a conversation with Anurag Shah, Zee Business. Excerpts:

Rs 2,500 crore in ArcelorMittal bid for Essar Steel is for working capital: CoC to NCLAT

Rs 2,500 crore in ArcelorMittal bid for Essar Steel is for working capital: CoC to NCLAT

Thu, May 16, 2019

Lenders of Essar Steel informed NCLAT that out of Rs 42,000-cr coming from the resolution plan of ArcelorMittal, Rs 2,500 crore has been marked as the working capital.

NCLAT allows banks to declare defaulting ILFS accounts as non-performing assets

NCLAT allows banks to declare defaulting ILFS accounts as non-performing assets

Thu, May 02, 2019

Presently, Infrastructure Leasing & Financial Services (IL&FS) Group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process.

NCLAT allows insolvency proceedings against Reliance Communication

NCLAT allows insolvency proceedings against Reliance Communication

Tue, Apr 30, 2019

RCom had moved the application to withdraw its challenge to the insolvency order after its board felt insolvency was the best course after failed attempts to revive the firm.

Essar Steel posts EBITDA of Rs 2K cr, may 'utilise funds' towards financial creditors' claims

Essar Steel posts EBITDA of Rs 2K cr, may 'utilise funds' towards financial creditors' claims

Mon, Apr 29, 2019

Essar Steel, which is undergoing debt resolution process, has posted EBITDA of around Rs 2,000 crore during the insolvency period and the amount could be utilised by financial creditors against their outstanding dues, one of the operational creditors has claimed.

IL&FS should pay 80% dues of small creditors: NCLAT

IL&FS should pay 80% dues of small creditors: NCLAT

Wed, Apr 17, 2019

Emphasising on the repayment of dues to small creditors including provident and pension funds, the National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that IL&FS should distribute funds to small creditors.

NCLAT adjourns IL&FS case hearing to April 29

NCLAT adjourns IL&FS case hearing to April 29

Tue, Apr 16, 2019

The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned to April 29 the hearing on the matter of the debt-ridden Infrastructure Leasing and Financial Services (IL&FS).

NCLAT may ask ArcelorMittal to pay Rs 42k cr in separate account

NCLAT may ask ArcelorMittal to pay Rs 42k cr in separate account

Tue, Apr 09, 2019

The National Company Law Appellate Tribunal (NCLAT) on Tuesday said it may direct ArcelorMittal, in the next hearing on April 23, to deposit Rs 42,000 crore for acquisition of the insolvent Essar Steel in a separate account.

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