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National Company Law Appellate Tribunal

NCLAT set aside penalty on lenders for delay in Mudra Denim insolvency process

NCLAT set aside penalty on lenders for delay in Mudra Denim insol...

Sun, Jan 26, 2025

The National Company Law Appellate Tribunal (NCLAT) has set aside the penalty imposed against lenders of debt-ridden Mudra Denim, saying there was no laxity on their part for delay in insolvency process.

NCLAT stays ban on WhatsApp sharing data with parent Meta

NCLAT stays ban on WhatsApp sharing data with parent Meta

Thu, Jan 23, 2025

The National Company Law Appellate Tribunal (NCLAT) on Thursday stayed a five-year data-sharing ban imposed by competition watchdog CCI on data-sharing practices between WhatsApp and its parent Meta for advertising purposes, offering a breather to the tech giant.

Meta goes to NCLAT against CCI's Rs 213 crore penalty on WhatsApp

Meta goes to NCLAT against CCI's Rs 213 crore penalty on Wha...

Mon, Jan 06, 2025

In November last year, the competition watchdog directed WhatsApp to not share user data collected on its platform with other Meta products or companies for advertising purposes for a period of five years, along with imposing a penalty of Rs 213.14 crore on Meta for allegedly abusing its dominant position.

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Jet Airways Insolvency: JKC withdraws plea to put Rs 200 crore in escrow after NCLAT refuses relief

Jet Airways Insolvency: JKC withdraws plea to put Rs 200 crore in...

Tue, May 28, 2024

The withdrawal comes after the National Company Law Appellate Tribunal (NCLAT) refused to give any relief to JKC. An NCLAT bench headed by Chairman Justice Ashok Bhushan said the matter is already before the Supreme Court.

NCLAT Upholds Go First's Insolvency Order, Lessors Asked To Move To NCLT

NCLAT Upholds Go First's Insolvency Order, Lessors Asked To...

Mon, May 22, 2023

In what came as a relief for Go First, the National Company Law Appellate Tribunal (NCLAT), on May 22, upheld the NCLT order on the airline's insolvency. The lessors have been asked to move an appropriate application at the National Company Law Tribunal (NCLT).

NCLAT Directs Google To Comply With CCI Order, Deposit Rs 1,337-Cr Fine In 30 Days

NCLAT Directs Google To Comply With CCI Order, Deposit Rs 1,337-C...

Wed, Mar 29, 2023

The NCLAT on Wednesday upheld the order of CCI imposing a penalty of Rs 1,337.76 crore on Google in a case related to abuse of its dominant position in Android. The tech giant has been given 30 days by National Company Law Appellate Tribunal to pay the fine and implement the order.

NCLAT refuses interim relief to Google on Rs 936 crore penalty imposed by CCI

NCLAT refuses interim relief to Google on Rs 936 crore penalty im...

Wed, Jan 11, 2023

Google was fined over Rs 2,200 crore in two CCI rulings less than a week apart in October, marking a setback for the tech titan in one of the most promising digital markets globally.

Google gets demand notices from competition commission for non-payment of penalties

Google gets demand notices from competition commission for non-pa...

Wed, Dec 28, 2022

Google has filed appeals before the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) two orders in October. The appeals are yet to be heard by the tribunal.

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

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

Mon, Dec 26, 2022

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.

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

NCLAT sets aside pleas against CCI's Rs 873-crore penalty on...

Sat, Dec 24, 2022

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".

NCLAT sets aside liquidation of Febris Multispeciality Hospital; orders probe into RP's conduct

NCLAT sets aside liquidation of Febris Multispeciality Hospital;...

Mon, Dec 12, 2022

The appellate tribunal has set aside an order passed by NCLT for liquidation of Febris Multispeciality Hospital and said, the "matter is remitted back to NCLT to reexamine the issue and consider to change the RP (resolution professional)".

NCLAT stays insolvency proceedings against BPTP as realty firm settles dispute with operational creditor

NCLAT stays insolvency proceedings against BPTP as realty firm se...

Sun, Nov 20, 2022

The NCLT order had come over a petition filed by RBCL Projects, an MSME involved in infrastructure activities such as completion or finishing of a building under construction.

NCLAT rejects petitions against Ola in alleged predatory pricing matter

NCLAT rejects petitions against Ola in alleged predatory pricing...

Mon, Jan 10, 2022

The National Company Law Appellate Tribunal (NCLAT) has rejected petitions filed by ride sharing players Meru and Fast Track Call Cab against Ola alleging predatory pricing ways and anti-competitive practices in Bengaluru market.

Jaypee insolvency case: Creditors' panel approves Suraksha group's offer; rejects NBCC bid

Jaypee insolvency case: Creditors' panel approves Suraksha g...

Fri, Aug 20, 2021

Construction firm NBCC and Suraksha group submitted their final resolution plans on Wednesday to acquire Jaypee Infratech Ltd (JIL) in the fourth round of corporate insolvency resolution process.

NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea

NCLAT says any further action on Piramal's DHFL Resolution P...

Fri, Jul 23, 2021

The Mumbai-based fintech company said the NCLAT has set September 15 for final hearing on the matter.

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

Coronavirus scare: NCLAT adjourns all hearings in March as precau...

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

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

Jaypee Infratech insolvency: NCLAT says banks can vote against NB...

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.

NCLAT sets aside Jyoti Structures liquidation, asks NCLT to consider Rs 4K-cr plan by Sanghi, others

NCLAT sets aside Jyoti Structures liquidation, asks NCLT to consi...

Sun, Mar 24, 2019

The National Company Law Appellate Tribunal (NCLAT) has set aside the order to liquidate Jyoti Structure and asked the Mumbai bench of NCLT to consider the Rs 4,000-crore resolution plan submitted

Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting companies: NCLAT

Lenders can move insolvency plea against guarantor without initia...

Sun, Jan 20, 2019

"We hold that it is not necessary to initiate Corporate Insolvency Resolution Process against the principal borrower before initiating 'Corporate Insolvency Resolution Process' against the corporate guarantors.

NCLAT stays corporate insolvency proceeding against ECL

NCLAT stays corporate insolvency proceeding against ECL

Sun, Dec 23, 2018

"The application filed by the operational creditor... is hereby admitted for initiating the Corporate Insolvency Resolution Process in respect of Eastern Coalfields...," Justice Madan B Gosavi had said in his December 19 order.

Aditya Birla group firm UltraTech Cement bid cleared, set to bag Binani Cement, Dalmia Bharat gets snubbed

Aditya Birla group firm UltraTech Cement bid cleared, set to bag...

Thu, Nov 15, 2018

UltraTech is set to bag Binani Cement, with the National Company Law Appellate Tribunal (NCLAT) on Wednesday approving the revised bid of Aditya Birla group firm UltraTech Cement while rejecting the earlier preferred offer of Dalmia Bharat group as discriminatory.

Gujarat NRE Coke promoter hopes favourable NCLAT outcome

Gujarat NRE Coke promoter hopes favourable NCLAT outcome

Sun, Oct 07, 2018

The Jindal Steel & Power Ltd, an unsecured creditor with only 0.5 per cent of the total debts of Gujarat NRE Coke, has obtained an ex-parte order of NCLAT on July 12 to stay the meeting scheduled on July 16.

ArcelorMittal revises bid for Essar Steel to Rs 42,000 cr

ArcelorMittal revises bid for Essar Steel to Rs 42,000 cr

Tue, Sep 11, 2018

The NCLAT had allowed the Committee of Essar Steel Creditors, who are auctioning the company to recover their Rs 49,000 crore unpaid loans, to negotiate the best price from eligible bidders.

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