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 National Company Law Tribunal having jurisdiction of Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Lakshadweep and Puducherry, the notification said. "The Bench of the NCLAT at New Delhi shall be known as the Principal Bench of the NCLAT which shall continue to hear appeals other than those in the jurisdiction of Chennai Bench of the NCLAT," it said adding ”This notification shall come into force with effect from the 18th March, 2020.” The NCLAT was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal, with effect from June 1, 2016. Last week, the government appointed Justice Bansi Lal Bhat as the officiating chairperson of the National Company Law Appellate Tribunal.

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History of this topic

NCLAT Orders NCLT To Decide BCCI's Plea For Settlement And Withdrawal Of CIRP Against Byju's Within One Week
1 month, 2 weeks 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 …

NCLAT Member Recuses From Hearing Appeal By Riju Ravindran Against Inclusion Of Aditya Birla, Glas Trust In CoC As Financial Creditors Of Byju's
1 month, 2 weeks ago

NCLAT Member Recuses From Hearing Appeal By Riju Ravindran Against Inclusion Of Aditya Birla, Glas Trust In CoC As Financial Creditors Of Byju's

Live Law  

Justice Sharad Kumar Sharma, Judicial Member of of the National Company Law Appellate Tribunal Chennai bench, has recused from hearing ed-tech start-up, Byjus' founder, Riju Raveendran's appeal against the order of the National Company Law Tribunal Bengaluru, which allowed Glas Trust and Aditya Birla Finance to be included in the Committee of Creditors as Financial Creditors of Think & Learn. …

Multiple Vacancies At National Company Law Appellate Tribunal [Apply Now]
2 months, 3 weeks ago

Multiple Vacancies At National Company Law Appellate Tribunal [Apply Now]

Live Law  

National Company Law Appellate Tribunal invites application for the post of Assistant Registrar, Principal Private Secretary, and Court Officer. of Post: 01 each Essential Qualification and Experience Assistant Registrar • Officers working under Central Government or State Governments or Union Territories or Courts or Tribunals possessing degree in law from a recognised University: holding analogous post on regular basis; or …

'No Political Appointments' : Supreme Court Decries Poor Functioning Of NCLTs/NCLAT, Says Members Often Lack Domain Knowledge
4 months, 2 weeks 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 …

No political appointments in NCLT, NCLAT: SC
4 months, 2 weeks 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 …

SC reserves verdict on plea against NCLAT order stopping insolvency proceedings against Byju's
5 months, 3 weeks ago

SC reserves verdict on plea against NCLAT order stopping insolvency proceedings against Byju's

New Indian Express  

NEW DELHI: The Supreme Court on Thursday reserved its verdict on a plea of a US firm against the NCLAT order stopping insolvency proceedings against ed-tech firm Byju's. While hearing the matter on Wednesday, the top court had questioned the verdict of insolvency appellate tribunal NCLAT, setting aside the insolvency proceedings against Byju's and approving its Rs 158.9 crore dues …

Supreme Court Stays NCLAT Order Allowing BCCI-BYJU's Settlement Worth Rs 158 Crore
7 months, 1 week ago

Supreme Court Stays NCLAT Order Allowing BCCI-BYJU's Settlement Worth Rs 158 Crore

ABP News  

Supreme Court on Wednesday stayed the National Company Law Appellate Tribunal order that allowed Board of Control for Cricket in India to settle its dues with Byju on latter paying Rs 158 crore. On August 2, the NCLAT Chennai Bench allowed settlement between BCCI and Byju which involves the repayment of Rs 158 crores to the BCCI. Folllowing this order …

Supreme Court pauses appeals tribunal's order on Byju's-BCCI settlement
7 months, 1 week ago

Supreme Court pauses appeals tribunal's order on Byju's-BCCI settlement

India Today  

The Supreme Court on Wednesday put a hold on the National Company Law Appellate Tribunal's decision to approve the Rs 158.9 crore settlement between edtech giant Byju's and the Board of Control for Cricket in India. Solicitor General Tushar Mehta, representing the BCCI, expressed concerns that the stay would impact the BCCI's settlement with Byju's. Despite this, the court directed …

NCLAT tells Byju Raveendran to file details of source of funds for settling dues to BCCI
7 months, 3 weeks ago

NCLAT tells Byju Raveendran to file details of source of funds for settling dues to BCCI

The Hindu  

National Company Law Appellate Tribunal Chennai on Wednesday told Byju Raveendran to file details of the source of funds through which he is proposing to settle the dues to Board of Control for Cricket in India. Byju Raveendran, the suspended director, shareholder and promoter of the edtech company had moved an appeal against NCLAT, after the National Company Law Tribunal, …

Justice Sharad Kumar Sharma Recuses Himself From Byju Raveendran's Insolvency Appeal Due To Conflict Of Interest
7 months, 3 weeks ago

Justice Sharad Kumar Sharma Recuses Himself From Byju Raveendran's Insolvency Appeal Due To Conflict Of Interest

Live Law  

Justice Sharad Kumar Sharma, a Judicial Member of the National Company Law Appellate Tribunal Chennai, has recused himself from hearing Byju Raveendran's appeal against the insolvency proceedings initiated against Think & Learn Private Limited, which operates Byju's. The insolvency proceedings were initiated against Think & Learn Private Limited by the National Company Law Tribunal in Bengaluru. Justice Sharma stated that …

Parties Approaching Judges Becoming Regular Practice In NCLAT: Judicial Member Of Chennai Bench Recuses From Hearing Case
9 months, 1 week ago

Parties Approaching Judges Becoming Regular Practice In NCLAT: Judicial Member Of Chennai Bench Recuses From Hearing Case

Live Law  

Justice Sharad Kumar Sharma, Judicial Member of the National Company Law Tribunal at Chennai recently recused from hearing a case after the parties to the case approached him for favorable orders. Adding that it had become a regular practice in NCLAT for parties to approach the judges, Justice Sharma said that if the same happened in the High Court, he …

Monthly Digest Of IBC Cases: May 2024
9 months, 2 weeks ago

Monthly Digest Of IBC Cases: May 2024

Live Law  

SUPREME COURT Can Homebuyer's Claim For Apartment Be Rejected For Not Filing Claim During Insolvency Process Against Builder? 1398 of 2023 The National Company Law Appellate Tribunal Delhi, comprising Justice Ashok Bhushan, Mr. Barun Mitra, and Mr. Arun Baroka held that documentary evidence including postal receipt mentioning the registered address of the Corporate Debtor confirms the issuance of a Demand …

Special Bench At NCLT Kolkata From 15th to 19th April 2024
11 months, 1 week ago

Special Bench At NCLT Kolkata From 15th to 19th April 2024

Live Law  

The National Company Law Tribunal has issued a circular dated 10.04.2024, intimating the constitution of Special Bench in NCLT Kolkata for the period of 15.04.2024 to 19.04.2024, since Shri Balraj Joshi is on leave in that duration. The Special Bench shall attend to the matters listed before Shri Rohit Kapoor and Shri Balraj Joshi. The Special Bench shall comprise of: …

Consider Proposal For Installing Biometric Machine To Facilitate Access Of Lawyers To NCLT: Delhi High Court To Centre
1 year, 3 months ago

Consider Proposal For Installing Biometric Machine To Facilitate Access Of Lawyers To NCLT: Delhi High Court To Centre

Live Law  

The Delhi High Court has directed the Union Government to consider on priority basis the proposal for installation of a biometric machine to facilitate the access of lawyers to the National Company Law Tribunal premises.A division bench of Acting Chief Justice Manmohan and Justice Mini Pushkarna also directed the Land and Development Office to process the proposal within. The Delhi …

NCLAT Vacancy | MCA Invites Application For Post Of Judicial Member, Last Date To Apply Is 19th December 2023
1 year, 3 months ago

NCLAT Vacancy | MCA Invites Application For Post Of Judicial Member, Last Date To Apply Is 19th December 2023

Live Law  

The Ministry of Corporate Affairs, Government of India, has issued a circular dated 16.11.2023, inviting application for the post of Judicial Members in the National Company Law Appellate Tribunal. Qualifications for Judicial Member under Rule 3 of the Tribunal Rules, 2021 A person can be appointed as Judicial Member if he/she: is, or has been, a Judge of a High …

Monthly Digest Of IBC Cases: November 2023
1 year, 3 months ago

Monthly Digest Of IBC Cases: November 2023

Live Law  

Supreme Court IBC Resolution Plan Can't Ignore Government Dues: Supreme Court Dismisses Review Petitions Against 'Rainbow Papers' Case title: Sanjay Agarwal v. State Tax Officer Citation: 2023 LiveLaw 939 The Supreme Court has dismissed a batch of review petitions filed against a 2022 judgment which held that the definition of a secured creditor under the Insolvency and Bankruptcy Code, 2016 …

Special Bench At NCLT Principal Bench On 6th & 7th December 2023, Matters To Be Heard Through VC On 8th December 2023
1 year, 3 months ago

Special Bench At NCLT Principal Bench On 6th & 7th December 2023, Matters To Be Heard Through VC On 8th December 2023

Live Law  

The National Company Law Tribunal has issued a circular dated 04.12.2023, intimating the constitution of Special Bench in NCLT Principal Bench on 06.12.2023 and 07.12.2023, since Justice Ramalingam Sudhakar is on official tour from 05.12.2023 to 09.12.2023. Further, on 08.12.2023, the matters listed before the NCLT Principal Bench shall be heard through video conferencing mode. The Special Bench shall attend …

Weekly Digest Of IBC Cases: 30th October To 5th November 2023
1 year, 4 months ago

Weekly Digest Of IBC Cases: 30th October To 5th November 2023

Live Law  

Supreme Court IBC Resolution Plan Can't Ignore Government Dues: Supreme Court Dismisses Review Petitions Against 'Rainbow Papers' Case title: Sanjay Agarwal v. State Tax Officer Citation: 2023 LiveLaw 939 The Supreme Court has dismissed a batch of review petitions filed against a 2022 judgment which held that the definition of a secured creditor under the Insolvency and Bankruptcy Code, 2016 …

Monthly Digest Of IBC Cases: October 2023
1 year, 4 months ago

Monthly Digest Of IBC Cases: October 2023

Live Law  

Supreme Court The Supreme Court bench comprising Justices S Ravindra Bhat and Aravind Kumar, has held that homebuyers cannot be treated differently from other "financial creditors" under the Insolvency and Bankruptcy Code 2016 just because they have secured orders from the authority under the Real Estate Act 2016. 799 of 2023 The National Company Law Appellate Tribunal, Principal Bench, New …

NCLAT Chennai: Threshold To Maintain Oppression Proceedings Not Limited To Holding Of Shares Alone But Extends To Manner Of Acquiring Of Shares
1 year, 4 months ago

NCLAT Chennai: Threshold To Maintain Oppression Proceedings Not Limited To Holding Of Shares Alone But Extends To Manner Of Acquiring Of Shares

Live Law  

The National Company Law Appellate Tribunal, Chennai Bench comprising of Justice M. Venugopal and Shreesha Merla has dismissed an appeal and held that the threshold to maintain oppression proceedings is not only limited to the holding of shares alone but also extends to the manner in which the shares were acquired. Further apart from there being a threshold of shareholding …

NCLAT Chennai: Shareholders Cannot Take Decisions For The Company’s Business Or Hold Negotiations With Parties
1 year, 4 months ago

NCLAT Chennai: Shareholders Cannot Take Decisions For The Company’s Business Or Hold Negotiations With Parties

Live Law  

The National Company Law Appellate Tribunal, Chennai Bench comprising of Justice M. Venugopal and Shreesha Merla has dismissed an appeal filed by Jitendra Virmani against Mro-Tek Realty Limited. The Appellate Tribunal held that the Board of Directors has the onus to take decisions for the Company’s business or negotiations with the parties concerned and not the shareholders of the company. …

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 Chennai: FC And OC Can’t Give Additional Facts Not Provided In Application Under Sections 7, 9 Or 10 Of IBC
1 year, 5 months ago

NCLAT Chennai: FC And OC Can’t Give Additional Facts Not Provided In Application Under Sections 7, 9 Or 10 Of IBC

Live Law  

The National Company Law Appellate Tribunal, Chennai Bench comprising of Justice Rakesh Kumar Jain and Shreesha Merla, dismissed the appeal filed in State Bank of India vs. India Power Corporation Ltd. The Appellate Tribunal held that a Petitioner cannot set up a new case/additional factual altogether that has not been set up in the main application filed either u/s 7, …

Monthly Digest Of IBC Cases: September 2023
1 year, 5 months ago

Monthly Digest Of IBC Cases: September 2023

Live Law  

Supreme Court Case Title: Eva Agro Feeds Private Limited V. Punjab National Bank & Anr., Civil Appeal No. 971, 972 & 973 of 2023 The National Company Law Appellate Tribunal, New Delhi Bench, comprising of Justice Ashok Bhushan and Shri Barun Mitra, has held that IBC provisions do not indicate that all information collected by the Resolution Professional is required …

Special Bench At NCLT New Delhi From 3rd To 13th October 2023
1 year, 5 months ago

Special Bench At NCLT New Delhi From 3rd To 13th October 2023

Live Law  

The National Company Law Tribunal has issued a circular dated 26.09.2023, intimating the constitution of Special Bench in NCLT New Delhi for the period of 03.10.2023 to 13.10.2023, since Dr. Binod Kumar Sinha is on leave in that duration. The Special Bench shall attend to the matters listed before Shri M.S.S. The Special Bench shall comprise of: NCLT New Delhi …

Special Bench At NCLT Principal Bench From 11th To 15th September 2023
1 year, 6 months ago

Special Bench At NCLT Principal Bench From 11th To 15th September 2023

Live Law  

The National Company Law Tribunal has issued a circular dated 05.09.2023, intimating the constitution of Special Bench for NCLT Principal Bench from 11.09.2023 to 15.09.2023. The Special Bench shall attend to the matters listed before Justice Ramalingam Sudhakar and Shri Avinash Kumar Srivastava. The Special Bench shall comprise of: NCLT Principal Bench Shri Ashok Kumar Bhardwaj Shri Avinash Kumar Srivastava …

Special Bench At NCLT Kolkata From 28th August To 13th September 2023
1 year, 6 months ago

Special Bench At NCLT Kolkata From 28th August To 13th September 2023

Live Law  

The National Company Law Tribunal has issued a circular dated 24.08.2023, intimating the constitution of Special Bench in NCLT Kolkata for the period of 28.08.2023 to 13.09.2023, since Shri Arvind Devanathan is on leave in that duration. The Special Bench shall attend to the matters listed before Ms. Bidisha Banerjee and Shri Arvind Devanathan. The Special Bench shall comprise of: …

NCLT Notifies Vacation Benches; Matters To Be Heard Through VC And Registry To Remain Functional
1 year, 9 months ago

NCLT Notifies Vacation Benches; Matters To Be Heard Through VC And Registry To Remain Functional

Live Law  

The National Company Law Tribunal has issued a circular dated 18.05.2023 notifying the Vacation Bench for NCLT benches having vacation in the month of June 2023. Further, only urgent matters would be heard during the vacation period, subject to the availability of the Hon’ble Member and as per the convenience of the concerned Hon’ble Member. Matters are to be heard …

Weekly Digest Of IBC Cases: 8 May To 14 May 2023
1 year, 10 months ago

Weekly Digest Of IBC Cases: 8 May To 14 May 2023

Live Law  

Supreme Court Case Title: Sanket Kumar Agarwal & Anr v APG Logistics Private Limited Citation: 2023 LiveLaw 406 The Supreme Court Bench comprising Chief Justice of India Dr. Dhananjaya Y Chandrachud and Justice J B Pardiwala, has held that for the purpose of computing limitation for filing of appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, the …

Special Bench At NCLT Kochi & Cuttack; Matters To Be Heard Through VC
2 years ago

Special Bench At NCLT Kochi & Cuttack; Matters To Be Heard Through VC

Live Law  

The National Company Law Tribunal has constituted Special Bench for NCLT Cuttack and NCLT Kochi, vide a Circular dated 01.02.2023 issued by NCLT. Therefore, a Special Bench is being constituted to take up the matters listed before Shri P. Mohan Raj and Shri Satya Ranjan Prasad. The Special Bench constituted at NCLT Cuttack and NCLT Kochi Bench shall comprise of: …

Monthly Digest Of IBC Cases: February 2023
2 years ago

Monthly Digest Of IBC Cases: February 2023

Live Law  

NCLAT Case Title: Priyal Kantilal Patel v IREP Credit Capital Pvt. The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan and Shri Barun Mitra, has stayed the NCLT order dated 22.02.2023, whereby Corporate Insolvency Resolution Process was initiated against Zee Entertainment Enterprises Ltd. Zee Entertainment Enterprises Ltd. is an Indian media conglomerate owned by Essel Group, …

NCLT Ahmedabad Bench Re-Constituted W.E.F 15th FEBRUry 2023
2 years, 1 month ago

NCLT Ahmedabad Bench Re-Constituted W.E.F 15th FEBRUry 2023

Live Law  

The National Company Law Tribunal, Ahmedabad Bench, has been re-constituted vide a Circular dated 09.02.2023 issued by NCLT. Dr. Deepti Mukesh of NCLT Ahmedabad Bench is demitting office on 14.02.2023 on completion of her tenure. Therefore, the Bench is being re-constituted to take up the matters listed before Dr. Deepti Mukesh and Shri Ajai Das Mehrotra. The re-constituted NCLT Ahmedabad …

NCLAT Rejects Reliance Capital’s Creditor Plea To Vacate Status Quo Order
2 years, 1 month ago

NCLAT Rejects Reliance Capital’s Creditor Plea To Vacate Status Quo Order

Live Law  

National Company Law Appellate Tribunal bench comprising of Justice Ashok Bhushan and Mr. Barun Mitra disposed off the appeal filed by the Reliance Capital Creditor namely Vistra ITCL against the NCLT Mumbai order dated 23.01.2023. Senior Advocate Darius Khambata along with Senior Advocate Ramji Srinivasan & Arun Kathpalia appeared for Torrent Investment and apposed the plea of Vistara ITCL on …

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 …

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 …

NCLAT Delhi Allows Appeal Re-Filed After 197 Days Of Delay, Subject To Cost Of Rs.10,000 Payable To Respondent
2 years, 6 months ago

NCLAT Delhi Allows Appeal Re-Filed After 197 Days Of Delay, Subject To Cost Of Rs.10,000 Payable To Respondent

Live Law  

The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan, Justice M. Satyanarayana Murthy and Mr. Barun Mitra, while adjudicating an appeal filed in Dinesh Mehta v Amit Kumar Mehta & Anr., has allowed an appeal which was re-filed after 197 days of delay by the Appellant, subject to payment of cost of Rs. Background Facts Mr. …

IBC Cases Monthly Round Up: August 2022
2 years, 6 months ago

IBC Cases Monthly Round Up: August 2022

Live Law  

Supreme Court Entries In Book Of Accounts/Balance Sheet Of Corporate Debtor Can Be Treated As Acknowledgment Of Liability Of Debt Payable To Financial Creditor: SupremeCourt Case Title: Asset Reconstruction Company Limited v Tulip Star Hotels Limited Case No. 425 of 2022 The National Company Law Appellate Tribunal bench comprising of Justice Ashok Bhushan, Justice N Satyanarayana Murthy and Mr. Barun …

Justice Sunil Thomas Appointed As Judicial Member In CAT Ernakulam Bench
2 years, 7 months ago

Justice Sunil Thomas Appointed As Judicial Member In CAT Ernakulam Bench

Live Law  

Central Administrative Tribunal on Wednesday appointed Justice Sunil Thomas, former judge of the Kerala High Court, as the Judicial Member in its Ernakulam bench. The office order issued by the Joint Registrar reads as follows: "In pursuance of Government of India, M/o Personnel, Public Grievances and Pensions, Department of Personnel. The office order issued by the Joint Registrar reads as …

IBC Cases Weekly Round Up : 1 August To 7August, 2022
2 years, 7 months ago

IBC Cases Weekly Round Up : 1 August To 7August, 2022

Live Law  

Supreme Court Case Title: Asset Reconstruction Company Limited v Tulip Star Hotels Limited Case No. 968 of 2020 The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Anant Bijay Singh and Ms. Shreesha Merla, has upheld the dismissal of a Section 9 petition on the grounds of the Corporate Debtor being a solvent company, operating as a 'going …

IBC Cases Weekly Round-Up: 27 June To 3 July 2022
2 years, 8 months ago

IBC Cases Weekly Round-Up: 27 June To 3 July 2022

Live Law  

NCLT NCLT Kolkata Initiates Insolvency Process Against The Personal Guarantor Of Gontermann-Pipers Ltd. Case Title: UCO Bank v Vinod Kumar Mittal Case No. : C.P./242021 The National Company Law Tribunal, Kolkata Bench, comprising of Shri Rohit Kapoor and Shri Harish Chander Suri, has initiated Insolvency Resolution Process against Mr. Vinod Kumar Mittal, who is the Personal Guarantor to the loan …

NCLT Kochi Bench Re-Constituted, Matters To Be Heard Through Video Conferencing
2 years, 8 months ago

NCLT Kochi Bench Re-Constituted, Matters To Be Heard Through Video Conferencing

Live Law  

The National Company Law Tribunal, Kochi Bench, has been re-constituted vide a Circular dated 01.07.2022, issued by NCLT as per Section 419 of the Companies Act, 2013. The new Kochi Bench shall comprise of: Dr. Deepti Mukesh Shri Ajai Das Mehrotra The reconstituted Bench shall first take up matters of the NCLT Ahmedabad and then attend the matters of NCLT …

Monthly Digest Of IBC Cases: June 2022
2 years, 8 months ago

Monthly Digest Of IBC Cases: June 2022

Live Law  

NCLAT Case Title: Puneet Kaur v K V Developers Private Limited Case No. 645 of 2022 The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan and Mr. Naresh Salecha, has stayed the Corporate Insolvency Resolution Process of RHC Holdings Pvt Ltd. initiated by NCLT New Delhi on 13.05.2022. The National Company Law Appellate Tribunal, Principal Bench, …

Proceedings Against Personal Guarantor Of Corporate Debtor Can Be Continued Independently - Supreme Court Lifts The Stay
2 years, 10 months ago

Proceedings Against Personal Guarantor Of Corporate Debtor Can Be Continued Independently - Supreme Court Lifts The Stay

Live Law  

Supreme Court bench comprising of Justice S Abdul Nazeer and Justice Vikram Nath vide its order dated 06.05.2021 in the case of Mahendra Kumar Jajodia versus State Bank of India, Civil Appeal No. NCLAT held that even in the absence of any pending Corporate Insolvency Resolution Process or Liquidation proceedings, the application under Section 95 of the Insolvency Bankruptcy Code, …

NCLAT Stays The Constitution Of Committee Of Creditors Of Supertech Limited
2 years, 11 months ago

NCLAT Stays The Constitution Of Committee Of Creditors Of Supertech Limited

Live Law  

The National Company Law Appellate Tribunal Principal Bench comprising of Justice Ashok Bhushan, Dr. Alok Srivastava and Ms.Shreesha Meerla stays the constitution of committee of creditors and adjourned the appeal preferred by suspended director of Supertech Limited against the order dated 25.03.2022 of NCLT New Delhi which initiated the CIRP against Supertech Limited to 19.04.2022. Senior Advocate Arun Kathpalia appeared …

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 …

Gujarat High Court Issues Notice To Centre On PIL Seeking Establishment Of NCLAT Bench At Ahmedabad
3 years, 2 months ago

Gujarat High Court Issues Notice To Centre On PIL Seeking Establishment Of NCLAT Bench At Ahmedabad

Live Law  

The Gujarat High Court on Wednesday issued a notice to the Central Government on a Public Interest Litigation plea filed seeking the establishment of a circuit/regional bench National Company Law Appellate Tribunal at Ahmedabad as per the Supreme Court's order.The Bench of Chief Justice Aravind Kumar and Justice Ashutosh J. Shastri was hearing the plea filed by the. The Gujarat …

NCLAT Chennai Stays Corporate Insolvency Resolution Process Initiated Against Tata Projects Ltd
3 years, 2 months ago

NCLAT Chennai Stays Corporate Insolvency Resolution Process Initiated Against Tata Projects Ltd

Live Law  

The Chennai Bench of the National Company Law Appellate Tribunal has stayed the order initiating Corporate Insolvency Resolution Process against Tata Projects Limited upon being informed that the parties have entered into a settlement agreement. The NCLAT comprising Justice M. Venugopal and Kanthi Narahari also directed the IRP to file an application for withdrawal of the. The NCLAT comprising Justice …

Delhi High Court Upholds Appointment Of Shreesha Merla As Technical Member Of NCLAT
3 years, 4 months ago

Delhi High Court Upholds Appointment Of Shreesha Merla As Technical Member Of NCLAT

Live Law  

The Delhi High Court today upheld the appointment of Shreesha Merla as a Member of the National Company Law Appellate Tribunal.The Division Bench of Chief Justice DN Patel and Justice Jyoti Singh observed,"Looking to the qualification of Respondent no. The Delhi High Court today upheld the appointment of Shreesha Merla as a Member of the National Company Law Appellate Tribunal. …

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