nclat
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.
More >
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
More >
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.'
More >
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.
More >
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."
More >
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.
More >
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.
More >
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.
More >
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:
More >
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.
More >
