'No Political Appointments' : Supreme Court Decries Poor Functioning Of NCLTs/NCLAT, Says Members Often Lack Domain Knowledge
4 months, 1 week ago

'No Political Appointments' : Supreme Court Decries Poor Functioning Of NCLTs/NCLAT, Says Members Often Lack Domain Knowledge

Live Law  

In the judgment ordering the liquidation of Jet Airways, the Supreme Court made several critical remarks against the abysmal functioning of the National Company Law Tribunals and the National Company Law Appellate Tribunal benches.Slamming the "growing tendency" of the NCLT and NCLAT members to ignore the orders of the Supreme Court, the Court stated that only persons of impeccable. In the judgment ordering the liquidation of Jet Airways, the Supreme Court made several critical remarks against the abysmal functioning of the National Company Law Tribunals and the National Company Law Appellate Tribunal benches. Slamming the "growing tendency" of the NCLT and NCLAT members to ignore the orders of the Supreme Court, the Court stated that only persons of impeccable integrity should be appointed as the Tribunal Members. Highlighting the lack of efficiency on the part of many Tribunal members, the Court said : "The Members often lack the domain knowledge required to appreciate the nuanced complexities involved in high-stake insolvency matters in order to properly adjudicate such matters.It has been noticed that the benches of NCLT and NCLAT don't have the practice of sitting for the full working hours.

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History of this topic

Supreme Court Wonders Why NCLAT Wrote Long Order On Delay Condonation Application Despite High Pendency
2 weeks, 1 day ago

Supreme Court Wonders Why NCLAT Wrote Long Order On Delay Condonation Application Despite High Pendency

Live Law  

The Supreme Court recently expressed surprise that the National Company Law Appellate Tribunal, despite having a high pendency of cases, devoted extensive time and effort to writing a 17-page order on a delay condonation application. “We wonder why the NCLAT which has a high pendency should devote so much of time and energy in writing an order running into 17 …

NCLAT Orders NCLT To Decide BCCI's Plea For Settlement And Withdrawal Of CIRP Against Byju's Within One Week
1 month, 1 week ago

NCLAT Orders NCLT To Decide BCCI's Plea For Settlement And Withdrawal Of CIRP Against Byju's Within One Week

Live Law  

The National Company Law Appellate Tribunal, Chennai bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain have directed the National Company Law Tribunal to decide the application filed by Board of Control for Cricket in India to withdraw the corporate insolvency resolution process against Byju's within a week's time. The Tribunal disposed of Riju Raveendran's appeal challenging the reinstatement of …

No political appointments in NCLT, NCLAT: SC
4 months, 1 week ago

No political appointments in NCLT, NCLAT: SC

Hindustan Times  

The Supreme Court on Thursday emphasised that appointments to the National Company Law Tribunal and the National Company Law Appellate Tribunal must not be “political”, even as it voiced serious concerns over delays and inefficiencies affecting India’s insolvency process. In its judgment that ordered the liquidation of debt-ridden Jet Airways, the top court addressed a raft of issues regarding the …

NCLT starts insolvency proceedings against Byju's
8 months ago

NCLT starts insolvency proceedings against Byju's

The Hindu  

An Indian tribunal on July 16 started insolvency proceedings for EdTech firm Byju's after the country's cricket board complained about failure to recover $19 million in dues, dealing another blow to a company that was once India's biggest startup. Byju's has suffered numerous setbacks in the past few years, leading to a crisis of investor confidence, thousands of job cuts …

NCLAT Chennai: Grounds Not Taken On Jurisdiction Before Cannot Be Contested Afresh On Appeal When The Parties Accepted The Jurisdiction In NCLT
1 year, 4 months ago

NCLAT Chennai: Grounds Not Taken On Jurisdiction Before Cannot Be Contested Afresh On Appeal When The Parties Accepted The Jurisdiction In NCLT

Live Law  

The National Company Law Appellate Tribunal, Chennai Bench comprising of Justice M. Venugopal and Shreesha Merla dismissed the appeal filed by Jitendra Virmani against the National Company Law Tribunal Bangalore order dated 27.11.2019. The Appellate Tribunal held that the grounds not taken on jurisdiction before the NCLT, cannot be contested afresh on appeal as the parties have exercised acquiescence and …

'Got down to a rot': Supreme Court issues contempt notices to NCLAT members
1 year, 5 months ago

'Got down to a rot': Supreme Court issues contempt notices to NCLAT members

Hindustan Times  

New Delhi: The National Company Law Appellate Tribunal has got down to a rot, Chief Justice of India DY Chandrachud observed on Wednesday, issuing contempt notices to judicial member Rakesh Kumar and technical member Alok Shrivastava in connection with the Finolex Cables case. The court also set aside the NCLAT bench's October 13 judgment ordering the company to release the …

NCLAT New Delhi: Resolution Plan Cannot Go Back And Forth Making CIRP An Endless Process, Even If NCLT Has Not Approved The Plan
1 year, 5 months ago

NCLAT New Delhi: Resolution Plan Cannot Go Back And Forth Making CIRP An Endless Process, Even If NCLT Has Not Approved The Plan

Live Law  

The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Rakesh Kumar Jain and Arun Baroka, dismissed an appeal filed in IDBI Bank Ltd. vs. Jalesh Kumar Grover RP of GPI Textiles Ltd. by IDBI Bank Ltd. against Jalesh Kumar Grover, Resolution Professional for GPI Textiles Ltd. challenging the NCLT Chandigarh’s order dated 27.04.2023 dismissing the Appellant’s …

NCLAT upholds NCLT order allowing Go First's voluntary insolvency proceedings
1 year, 9 months ago

NCLAT upholds NCLT order allowing Go First's voluntary insolvency proceedings

Firstpost  

The National Company Law Appellate Tribunal on Monday upheld an NCLT order allowing crisis-hit Go First’s voluntary insolvency resolution proceedings. A two-member NCLAT bench asked several aircraft lessors of Go First opposing insolvency,to approach National Company Law Tribunal for any remedy. The lessors had opposed the decision of Delhi-based principal bench of NCLT, which had earlier this month allowed a …

NCLAT Stays Insolvency Proceedings Against Zee; Final Hearing On March 29
2 years ago

NCLAT Stays Insolvency Proceedings Against Zee; Final Hearing On March 29

News 18  

The National Company Law Appellate Tribunal on Friday stayed the insolvency proceedings against media major Zee Entertainment Enterprises Ltd. Admitting a plea by ZEEL Managing Director and chief executive Punit Goenka, a two-member NCLAT bench stayed the order passed by the Mumbai bench of the National Company Law Tribunal. On Wednesday, NCLT admitted a insolvency plea against ZEEL by private …

Government says 25 judicial, technical member positions vacant at NCLT
2 years, 3 months ago

Government says 25 judicial, technical member positions vacant at NCLT

The Hindu  

As many as 25 posts of judicial and technical members are lying vacant at the National Company Law Tribunal and the process has been initiated to fill the vacancies, the government said on Monday. The average time taken for resolution of these cases was 473 days, the Minister said. As per the data, it took an average of 560 days …

Gujarat High Court Refuses Former NCLT Member's Plea For Re-Appointment
2 years, 3 months ago

Gujarat High Court Refuses Former NCLT Member's Plea For Re-Appointment

Live Law  

The Gujarat High Court Bench comprising of Justice N.V. Anjaria and Justice Sandeep N. Bhatt, while adjudicating a petition filed in Manorama Kumari v Union of India, has rejected the plea of a former NCLT Member for re-appointment as a Judicial Member of NCLT, after having served a term of 5 years and being retired. The Petitioner held office for …

Laying the ground to delegitimise the Supreme Court
2 years, 3 months ago

Laying the ground to delegitimise the Supreme Court

The Hindu  

A change of guard at the office of the Chief Justice of India on November 9 seems to have triggered a reorientation of the Union government’s strategy towards the Supreme Court. However, the Union government, through the Attorney General Mukul Rohatgi, took the position before the Bench that the right and power to frame the MoP was squarely in its …

Former Judicial Member Of NCLT Has No Vested Right To Reappointment: Gujarat High Court
2 years, 3 months ago

Former Judicial Member Of NCLT Has No Vested Right To Reappointment: Gujarat High Court

Live Law  

The Gujarat High Court on Tuesday observed that a former Judicial member of the National Company Law Tribunal has no vested right to reappointment. The bench of Justice N. V. Anjaria and Justice Sandeep N. Bhatt observed thus while dealing with a writ petition filed by a former Judicial Member NCLT, Ahmedabad seeking re-appointment to the post.Kumari was appointed. The …

NCLT Principal Bench To Hear Matters Through Video Conferencing From 8th To 18th August 2022
2 years, 7 months ago

NCLT Principal Bench To Hear Matters Through Video Conferencing From 8th To 18th August 2022

Live Law  

The National Company Law Tribunal has issued a Circular dated 05.08.2022, intimating that the matters before the Principal Bench of the NCLT, New Delhi, would be heard through video conferencing from 08.08.2022 to 18.08.2022. The Ministry of Corporate Affairs vide a notification dated 20.09.2019 had appointed 23 NCLT Members for a term of 3 years or till the age of …

Supreme Court To Examine NCLT Bar Association's Locus To Challenge 3-Year Term For Members
2 years, 9 months ago

Supreme Court To Examine NCLT Bar Association's Locus To Challenge 3-Year Term For Members

Live Law  

The Supreme Court on Monday said that it will examine the locus standi of the National Company Law Tribunal Bar Association in challenging the Centre's notification fixing the term of 23 NCLT members appointed in 2019 as 3 years instead of 5 years.A vacation bench comprising Justices CT Ravikumar and Sudhanshu Dhulia adjourned the writ petition filed by the NCLT …

National Company Law Tribunals; Reeling Under Poor Infrastructure
2 years, 11 months ago

National Company Law Tribunals; Reeling Under Poor Infrastructure

Live Law  

The National Company Law Tribunals were constituted in 2016 for adjudication of matters arising out of the Companies Act, 2013, and exclusive jurisdiction under the Companies Act was vested with the NCLTs. · Similarly, there is no judicial member in NCLT Bench V, New Delhi, and the Judicial Member, Mr. ARK Sinha is holding Bench II NCLT, Delhi in the …

SC on tribunal appointments
3 years, 1 month ago

SC on tribunal appointments

The Hindu  

The Supreme Court on Wednesday said its judicial intervention saw the government make abrupt efforts to fill up vacancies in tribunals some time back and nothing after that. In September last, a Special Bench led by the CJI accused the Centre of “cherry-picking” names for appointments to tribunals groaning under backlog and left almost defunct by long-pending vacancies. Chandrachud and …

Centre Concedes in SC, Permits Prematurely Retired Acting NCLAT Chairperson to Continue Till Sep 20
3 years, 6 months ago

Centre Concedes in SC, Permits Prematurely Retired Acting NCLAT Chairperson to Continue Till Sep 20

News 18  

New Delhi: The row over premature retirement of former NCLAT Chairperson Justice Ashok Iqbal Singh Cheema ended in the Supreme Court on Thursday after the Centre conceded, permitting him to continue in office till September 20 to pronounce verdicts. Justice Cheema, the former Chairperson of National Company Law Appellate Tribunal, was to superannuate on September 20, but Justice M Venugopal …

Centre Clears Appointments To National Company Law Tribunal (NCLT) & Income Tax Appellate Tribunal (ITAT)
3 years, 6 months ago

Centre Clears Appointments To National Company Law Tribunal (NCLT) & Income Tax Appellate Tribunal (ITAT)

Live Law  

Days after the Supreme Court pulled up the Central Government over posts lying vacant in the tribunals, the Central government today cleared the appointment of judicial and technical members to the National Company Law Tribunal and the Income Tax Appellate Tribunal Issuing a notification, the Centre has approved the proposal for the appointment of a total of 18 members to …

You are testing our patience: SC raps Centre over delay in Tribunal appointments
3 years, 6 months ago

You are testing our patience: SC raps Centre over delay in Tribunal appointments

India Today  

The Supreme Court rapped the central government on Monday over the delay in appointments to the Tribunals and the recently passed Tribunals Reforms Act, saying it was identical to the provisions struck down by it previously. A special bench headed by Chief Justice of India NV Ramana and comprising Justices DY Chandrachud and L Nageswara Rao directed the government to …

Insolvency code has strayed from intent: Parliament panel
3 years, 7 months ago

Insolvency code has strayed from intent: Parliament panel

The Hindu  

The Parliament’s Standing Committee on Finance has sought a review of the design and implementation of the Insolvency and Bankruptcy Code as it has deviated from the original intent and questioned the low recovery rates, long delays in the resolution process and the high number of vacancies in the National Company Law Tribunals. The panel, chaired by MP Jayant Sinha, …

Fill Up Vacancies In Tribunals Without Delay: Supreme Court Directs Centre
3 years, 8 months ago

Fill Up Vacancies In Tribunals Without Delay: Supreme Court Directs Centre

Live Law  

In its judgment setting aside the provisions in the Tribunals Reforms Ordinance 2021 which fixed the term of members of various tribunals as four years, the Supreme Court called upon the Centre to ensure that all the vacancies in the tribunals are filled up without delay.Existence of large number of vacancies of Members and Chairpersons and the inordinate delay caused …

NCLT/NCLAT Can't Interfere With Commercial Wisdom Of CoC Except Within Limited Scope Under Sections 30 & 31 IBC : Supreme Court
4 years ago

NCLT/NCLAT Can't Interfere With Commercial Wisdom Of CoC Except Within Limited Scope Under Sections 30 & 31 IBC : Supreme Court

Live Law  

The Supreme Court has reiterated that the National Company Law Tribunal or the National Company Law Appellate Tribunal cannot interfere with the 'commercial wisdom' of the Committee of Creditors, except within the limited scope under Sections 30 and 31 of the Insolvency and Bankruptcy Code.Based on this well settled principle, a 3-judge bench comprising Justices. The commercial wisdom of CoC …

Three Sitting Members Of NCLAT Move Supreme Court Challenging Disparaging Remarks Made Against Them By Five-Judge Bench
4 years, 1 month ago

Three Sitting Members Of NCLAT Move Supreme Court Challenging Disparaging Remarks Made Against Them By Five-Judge Bench

Live Law  

A plea has been filed before the Supreme Court by three sitting members of National Company Law Appellate Tribunal challenging the derogatory remarks made against them by a 5- member Bench of the NCLAT in an order. The impugned statements in the order of the five-judge Bench which have been challenged before the Apex Court state that it was a …

NCLAT Sets Aside NCLT Order Dismissing Initiation Of CIRP Against Mittal Corp
4 years, 6 months ago

NCLAT Sets Aside NCLT Order Dismissing Initiation Of CIRP Against Mittal Corp

Live Law  

The National Company Law Appellate Tribunal has set aside an order passed by the National Company Law Tribunal, Mumbai bench which had dismissed an application for the initiation of corporate insolvency resolution process against Mittal Corp Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. Member, Ms. Shreesha Merla Member directed the NCLT to reconsider the application and …

NCLAT Asks NCLT To Constitute A Two Member Bench To Dispose Matter In Conformity With SC Directions [Read Order]
4 years, 6 months ago

NCLAT Asks NCLT To Constitute A Two Member Bench To Dispose Matter In Conformity With SC Directions [Read Order]

Live Law  

The National Company Law Appellate Tribunal has ordered the National Company Law Tribunal to constitute a bench comprising of a Judicial Member and a Technical Member for disposal of a matter. The bench comprising of Justice Bansi Lal Bhatt, Justice Jarat Kumar Jain and Justice Ashok Kumar Mishra noted that the matter was identical to the case of SonuCargo Movers …

NCLAT closed till July 10 after staff member tests Covid-19 positive
4 years, 8 months ago

NCLAT closed till July 10 after staff member tests Covid-19 positive

Live Mint  

The National Company Law Appellate Tribunal has suspended work till July 10 due to sealing of its premises after finding one of its staff COVID-19 positive. "A staff member was reported to have tested positive for COVID-19 on June 26, 2020, which mandated further sanitisation and sealing of the premises of this Appellate Tribunal and suspension of work till July …

NCLAT Sets aside NCLT Order To Add MCA As Party In All IBC Cases And Company Petitions [Read Order]
4 years, 9 months ago

NCLAT Sets aside NCLT Order To Add MCA As Party In All IBC Cases And Company Petitions [Read Order]

Live Law  

The National Company Law Appellate Tribunal set aside an order of National Company Law Tribunal which mandated the impleadment of the Union Ministry of Corporate Affairs as a party in all Insolvency and Bankruptcy Code matters and Company petitions. In short, the impugned order making it applicable throughout the country to all the Benches of the National Company Law Tribunal …

'You Keep Creating Forums, Then You Do Not Man Them': SC Extends Tenure Of NCDRC Member Justice VK Jain's By Three Months
4 years, 10 months ago

'You Keep Creating Forums, Then You Do Not Man Them': SC Extends Tenure Of NCDRC Member Justice VK Jain's By Three Months

Live Law  

The Supreme Court on Tuesday extended National Consumer Dispute Redressal Commission member, Justice VK Jain's tenure by another 3 months in wake of vacancies not being filled by the Government. The NCDRC had filed an application seeking appointments to be made and expressing inability to function optimally due to vacancies in judicial and non-judicial posts. Granting time to the Solicitor, …

NCLAT to have a bench at Chennai, notification issued
5 years ago

NCLAT to have a bench at Chennai, notification issued

Live Mint  

A bench of the National Company Law Appellate Tribunal is being constituted in Chennai to handle matters arising from Southern states. The government has notified the constitution of the National Company Law Appellate Tribunal, Chennai Bench, which will come into effect from March 18, 2020. The Chennai-based bench would hear the appeals against the orders of the benches of the …

Centre Constitutes NCLAT Bench At Chennai [Read Notification]
5 years ago

Centre Constitutes NCLAT Bench At Chennai [Read Notification]

Live Law  

The Central government has constituted another Bench of the National Company Law Appellate Tribunal at Chennai, to hear appeals against the orders of the Benches of the National Company Law Tribunal having jurisdiction of Karnataka, TN, Kerala, AP, Telangana, Lakshadweep and Puducherry. A notification issued in that behalf by the Ministry of Corporate Affairs on Friday clarifies that the bench …

NCLAT dismisses DoT’s plea in Aircel licence moratorium matter citing delay in appeal
5 years ago

NCLAT dismisses DoT’s plea in Aircel licence moratorium matter citing delay in appeal

Live Mint  

The National Company Law Appellate Tribunal has dismissed the telecom department's plea citing delay in appeal against the NCLT order which held that the spectrum and licence of debt-ridden Aircel cannot be taken away during the insolvency resolution period. Under the IBC, any appeal against order passed by the NCLT could be filed before the appellate tribunal within 30 days …

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks
5 years ago

NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS matter; allows operation of 29 July interim order for two weeks

Firstpost  

On 29 July, the NCLAT stayed the order of the Mumbai bench of the NCLT to implead the auditors and the independent directors of IL&FS. New Delhi: The National Company Law Appellate Tribunal on Wednesday dismissed the pleas of debt-ridden IL&FS auditors — Deloitte Haskins & Sells and KPMG arm BSR & Associates — challenging their impleadment in the case …

Govt. moves NCLAT against NCLT directive to make MCA party in all insolvency cases
5 years, 3 months ago

Govt. moves NCLAT against NCLT directive to make MCA party in all insolvency cases

The Hindu  

The government moved the National Company Law Appellate Tribunal against an order passed by National Company Law Tribunal to make the Ministry of Corporate Affairs a party in all applications filed under the Insolvency and Bankruptcy Code as well as the Companies Act. Passing an order on November 22 in the Oriental Bank of Commerce versus Sikka Papers case, the …

Delhi HC Issues Notice On A PIL Challenging The Notification Requiring 25 Years Of Experience In Law For Technical Members Of NCLAT
5 years, 3 months ago

Delhi HC Issues Notice On A PIL Challenging The Notification Requiring 25 Years Of Experience In Law For Technical Members Of NCLAT

Live Law  

Delhi High Court has issued notice to the Central Government in a PIL challenging the validity of the notification requiring 25 years of experience in law for a person to be considered for a post of Technical Member of National Company Law Appellate Tribunal. Moreover, as per the decision of the Supreme Court in Madras Bar Association v. Union of …

SC Directs Centre To Set Up Circuit Benches Of NCLAT Within 6 Months
6 years, 1 month ago

SC Directs Centre To Set Up Circuit Benches Of NCLAT Within 6 Months

Live Law  

In the judgment upholding the validity of Insolvency and Bankruptcy Code delivered today, the Supreme Court directed the Central Government to set up circuit benches of National Company Law Appellate Tribunal within 6 months from today.The bench of Justices R F Nariman and Navin Sinha issued the direction on the basis of undertaking made by Attorney General K K Venugopal …

NCLAT asks NCLT Ahmedabad to take decision on Essar Steel's insolvency case by January 31
6 years, 1 month ago

NCLAT asks NCLT Ahmedabad to take decision on Essar Steel's insolvency case by January 31

India TV News  

The National Company Law Appellate Tribunal Wednesday directed the Ahmedabad bench of NCLT to pass an order on the insolvency resolution plan submitted by Essar Steel's RP, in which ArcelorMittal emerged as the highest bidder. A two-member bench of NCLAT, headed by Justice S J Mukhopadhaya, said that if the Ahmedabad bench of National Company Law Tribunal does not pass …

Insolvency row: Supreme Court stays NCLT order on government takeover of Unitech
7 years, 3 months ago

Insolvency row: Supreme Court stays NCLT order on government takeover of Unitech

India TV News  

The Supreme Court on Wednesday ordered a stay on a National Company Law Tribunal order on Friday suspending all the eight directors of embattled realty firm Unitech Ltd over allegations of mismanagement and siphoning of funds, while authorising the government to appoint its 10 nominees on the board. Attorney general KK Venugopal told the Supreme Court that that the government …

SC Takes Note Of “Depleting Strength” Of CAT, NCDRC; AG Asked To Take Instructions On Filling Up Vacancies
7 years, 3 months ago

SC Takes Note Of “Depleting Strength” Of CAT, NCDRC; AG Asked To Take Instructions On Filling Up Vacancies

Live Law  

The Supreme Court today directed Attorney General K K Venugopal to take instruction from the Centre by Monday as to what it planned to do regarding filling of vacancies in Central Administrative Tribunal and National Consumer Disputes Redressal Commission.The bench was told by senior advocates including P S Patwalia and Aryama Sundaram representing bar associations of various tribunals that. The …

Is The Purpose Of NCLTs Being Defeated?
7 years, 5 months ago

Is The Purpose Of NCLTs Being Defeated?

Live Law  

The NCLT was constituted on June 1, 2016, with 10 benches and one principal bench. It consolidates the corporate jurisdiction of the Company Law Board, Board for Industrial and Financial Reconstruction, Appellate Authority for Industrial and Financial Reconstruction and powers related to the winding up or restructuring of a company and other provisions, earlier vested in. It consolidates the corporate …

Breaking; National Company Law Appellate Tribunal (NCLAT) Constituted;Justice S.J. Mukhopadhaya is the Chairman
8 years, 9 months ago

Breaking; National Company Law Appellate Tribunal (NCLAT) Constituted;Justice S.J. Mukhopadhaya is the Chairman

Live Law  

The Ministry of Corporate Affairs has issued notification for constitution of the National Company Law Tribunal and National Company Law Appellate Tribunal with effect from today i.e. Mukhopadhaya, Judge, Supreme Court of India has joined as the Chairperson of the NCLAT and Hon'ble Justice M.M.Kumar, Judge has joined as. Mukhopadhaya, Judge, Supreme Court of India has joined as the Chairperson …

Process for Constitution of National Company Law Tribunal (NCLT) has been initiated; Arun Jaitley
9 years, 3 months ago

Process for Constitution of National Company Law Tribunal (NCLT) has been initiated; Arun Jaitley

Live Law  

The Companies Law Committee was constituted in fulfillment of an assurance made by the Corporate Affairs Minister during discussion on Companies Bill, 2014 in the Rajya Sabha in response to the concerns raised by Members in Rajya Sabha as well as for addressing issues raised by various stakeholders regarding the Companies Act, 2013.The CLC invited suggestions from. The Companies Law …

Process for Constitution of National Company Law Tribunal (NCLT) has been initiated; Arun Jaitley
9 years, 3 months ago

Process for Constitution of National Company Law Tribunal (NCLT) has been initiated; Arun Jaitley

Live Law  

The Companies Law Committee was constituted in fulfillment of an assurance made by the Corporate Affairs Minister during discussion on Companies Bill, 2014 in the Rajya Sabha in response to the concerns raised by Members in Rajya Sabha as well as for addressing issues raised by various stakeholders regarding the Companies Act, 2013.The CLC invited suggestions from. The Companies Law …

Supreme Court upholds constitutionality of the National Company Law Tribunal and the National Company Law Appellate Tribunal [Read the Judgment]
9 years, 10 months ago

Supreme Court upholds constitutionality of the National Company Law Tribunal and the National Company Law Appellate Tribunal [Read the Judgment]

Live Law  

Partly allowing a writ petition filed by the Madras Bar Association challenging various provisions of Chapter XXVII of the Indian Companies Act, 2013, more particularly Sections 408, 409, 411, 412, 413, 425, 431 and 434 – which broadly deal with the constitution of the National Company Law Tribunal and the Appellate tribunal, their powers to punish for contempt,. Partly allowing …

Supreme Court upholds constitutionality of the National Company Law Tribunal and the National Company Law Appellate Tribunal [Read the Judgment]
9 years, 10 months ago

Supreme Court upholds constitutionality of the National Company Law Tribunal and the National Company Law Appellate Tribunal [Read the Judgment]

Live Law  

Partly allowing a writ petition filed by the Madras Bar Association challenging various provisions of Chapter XXVII of the Indian Companies Act, 2013, more particularly Sections 408, 409, 411, 412, 413, 425, 431 and 434 – which broadly deal with the constitution of the National Company Law Tribunal and the Appellate tribunal, their powers to punish for contempt,. Partly allowing …

SC refers constitutional validity of National Company Law Tribunal (NCLT) to a 5 judge bench
10 years, 1 month ago

SC refers constitutional validity of National Company Law Tribunal (NCLT) to a 5 judge bench

Live Law  

Questioning the provisions in Companies Act, 2013 relating to setting up of National Company Law Tribunal, a 3 judge bench of the Supreme Court referred a batch of petitions challenging its constitutional validity to a larger bench.The bench headed by Justice T S Thakur questioned provisions of the newly-promulgated Act which give power to the Centre to suspend and sack …

SC refers constitutional validity of National Company Law Tribunal (NCLT) to a 5 judge bench
10 years, 1 month ago

SC refers constitutional validity of National Company Law Tribunal (NCLT) to a 5 judge bench

Live Law  

Questioning the provisions in Companies Act, 2013 relating to setting up of National Company Law Tribunal, a 3 judge bench of the Supreme Court referred a batch of petitions challenging its constitutional validity to a larger bench.The bench headed by Justice T S Thakur questioned provisions of the newly-promulgated Act which give power to the Centre to suspend and sack …

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