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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.
Cabinet okays creation of additional posts in NCLAT
Wed, Mar 27, 2019
The posts will be created in Level 17 (Rs 2,25,000 fixed per month) plus allowances as admissible.
NCLAT refuses stay on NCLT nod to ArcelorMittal's takeover bid for Essar Steel
Fri, Mar 15, 2019
NCLAT also asked State Bank of India-led CoC to bring a fresh distribution plan at the next date of hearing, saying "there cannot be any discrimination... All are equal".
IL&FS accounts not to be declared NPAs, rules NCLAT
Mon, Feb 25, 2019
The order comes after the NCLAT on February 11 said that subsidiaries of IL&FS would be divided into three categories -- Green (companies that can meet all debt obligations), Amber (firms that can meet some debt obligations) and Red (companies that can't meet any debt obligations).
Crisis hit IL&FS debt at Rs 91,000 crore; Now, relief granted to company
Tue, Oct 16, 2018
The NCLAT order came in response Ministry of Corporate Affairs (MCA) petition after the NCLT refused to give a moratorium last week. The moratorium comes into effect immediately, and the next hearing of the case before the NCLAT is on November 13.
NCLAT declines stay on Tata Sons' conversion to pvt co; says Mistry can't be forced to sell stake
Fri, Aug 24, 2018
While declining to pass any order on the conversion of Tata Sons into a private company from a public limited firm, NCLAT today asked Tata Sons not to force Cyrus Mistry to sell his shares in the company till his appeal is pending.
NCLAT dismisses cement manufacturers' plea against Rs 6,300 cr CCI penalty for cartelisation
Thu, Jul 26, 2018
In August 2016, CCI had slapped approximately Rs 6,700 crore penalty on 11 cement firms including UltraTech, ACC, Ambuja, Ramco and JK Cement as well as the industry body Cement Manufacturers' Association (CMA) for indulging in cartelisation.
Crackdown in offing against Directors of Nirav Modi companies
Fri, Jul 13, 2018
Independent directors are rarely held liable in cases of corporate frauds. In one such case, the National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed an appeal by the former independent directors on the board of companies of billionaire jewellery designer Nirav Modi against freezing of assets by the government.
Reliance Communications insolvency proceedings: RCom plea in NCLAT today plea
Tue, May 29, 2018
The National Company Law Appellate Tribunal (NCLAT) will today hear the plea of Reliance Communications (RCom) challenging National Company Law Tribunal’s (NCLT) decision to start insolvency proceedings against it on a petition filed by Swedish telecom equipment major Ericsson.
IRP nod must for recovering money from defaulter's bank account
Sun, Nov 19, 2017
The NCLAT has said financial creditors cannot recover any amount from a defaulter's bank account without the nod of the Interim Resolution Professional (IRP) during the corporate insolvency resolution process.
Mistry firms seek to amend plea in Mumbai NCLT against Tatas
Fri, Nov 03, 2017
Cyrus Investments and Sterling Investments filed the amendment pleas, after the National Company Law Appellate Tribunal (NCLAT) on September 21 asked it to approach the Mumbai NCLT.
Tata battle: NCLAT grants shareholding waiver to Mistry
Thu, Sep 21, 2017
Mistry has been locked in a legal battle with the Tatas since his unceremonious exit as chairman of Tata Sons -- the promoter company of the USD 105-billion car-to-software Tata group in October last year.
McDonald's row: NCLAT refuses to pass interim order
Thu, Sep 07, 2017
This means the fate of 169 McDonald's stores in north and east India hangs by a thread as CPRL's licence to operate the outlets lapsed on September 5.
Tribunal asks McDonald's, Vikram Bakshi to wait for NCLAT verdict on franchise agreement
Wed, Sep 06, 2017
The NCLT told McDonald's and Vikram Bakshi to wait for the verdict from NCLAT as it is pending with the tribunal.
NCLAT intervenes in McDonald's, Vikram Bakshi dispute; asks both to wait till August 30
Fri, Aug 25, 2017
The NCLAT has directed both McDonald's and Vikram Bakshi to not take any action against each other till August 30.
NCLAT dismisses Cyrus Mistry's petition against Tata Sons EGM on February 6
Fri, Feb 03, 2017
National Company Law Appellate Tribunal has rejected former chairman Cyrus Mistry's plea against Tata Sons on holding the Extraordinary General Meeting (EGM) on February 6 seeking his removal from the company's board.