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Articles for Nclat Order

Section 19(2) Application Can Be Preferred For Effective Conduct Of CIRP Despite Challenge To Admission Of CIRP: NCLAT
1 month, 1 week ago

Section 19(2) Application Can Be Preferred For Effective Conduct Of CIRP Despite Challenge To Admission Of CIRP: NCLAT

Live Law  

The NCLAT, Chennai bench comprising Justice Sharad Kumar Sharma and Jatindranath Swain has held that an application under section 19 of the Insolvency & Bankruptcy Code is maintainable when the Corporate Insolvency Resolution Process is admitted. The Tribunal observed that section 60 will not have a superseding effect to the provisions contained under section 19 read with section 14 for …

Corporate Debtor Application Order Tribunal Nclat Effect Cirp
Supreme Court Orders Liquidation Of Jet Airways On Failure Of Resolution Plan
1 month, 2 weeks ago

Supreme Court Orders Liquidation Of Jet Airways On Failure Of Resolution Plan

Live Law  

The Supreme Court invoked its extraordinary powers under Article 142 of the Constitution to order the liquidation of Jet Airways in view of the "peculiar and alarming" circumstance that the resolution plan has not been implemented for five years.The Court set aside the NCLAT Order which allowed the cash-strapped Jet Airways' ownership transfer to the Successful Resolution Applicant. The Court …

Court Resolution Resolution Plan Plan Crores Supreme Airways
SC reserves verdict on plea against NCLAT order stopping insolvency proceedings against Byju's
2 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 …

Insolvency Insolvency Proceedings Byju Nclat Order
Android mobile ecosystem case: Supreme Court to hear pleas of Google, CCI in September
5 months ago

Android mobile ecosystem case: Supreme Court to hear pleas of Google, CCI in September

The Hindu  

The Supreme Court Thursday said it will hear in the second week of September the cross-pleas of Google and the Competition Commission of India challenging a verdict of an appellate tribunal in a case related to the tech giant's alleged anti-competitive practices in the Android mobile device matter. On March 29 last year, the National Company Law Appellate Tribunal had …

Supreme Court Google Nclat Cci
NCLAT Delhi: Adjudicating Authority Can Extend Payment Timelines Under Resolution Plan Without Express Concurrence Of CoC
7 months, 1 week ago

NCLAT Delhi: Adjudicating Authority Can Extend Payment Timelines Under Resolution Plan Without Express Concurrence Of CoC

Live Law  

The National Company Law Appellate Tribunal Delhi, comprising Justice Ashok Bhushan and Mr. Arun Baroka held that the Adjudicating Authority can extend payment timelines under the Resolution Plan without the express concurrence of the Committee of Creditors. NCLAT Verdict: The NCLAT New Delhi allowed the appeal and held that the Adjudicating Authority can extend payment timelines under the Resolution Plan …

Delhi Resolution Order Resolution Plan Plan Ors Sbi
NCLAT Delhi: Decisions To Liquidate Corporate Debtor By CoC U/S 33(2) Of IBC Must Be With Reasons And Cannot Be Done Arbitrarily
11 months, 3 weeks ago

NCLAT Delhi: Decisions To Liquidate Corporate Debtor By CoC U/S 33(2) Of IBC Must Be With Reasons And Cannot Be Done Arbitrarily

Live Law  

The National Company Law Appellate Tribunal, New Delhi Bench comprising of Justice Ashok Bhushan and Mr. Barun Mitra held that decisions of the Committee of Creditors to liquidate under Section 33 of Insolvency and Bankruptcy Code, 2016 have to be with reasons and the liquidation cannot be decided arbitrarily. Background Facts: On 10.08.2023, the Adjudicating Authority admitted the application of …

Corporate Corporate Debtor Nclat Irp Coc Ibc Liquidation
Zee appeals NCLT’s Sony merger ruling
1 year, 7 months ago

Zee appeals NCLT’s Sony merger ruling

Live Mint  

Zee Entertainment Enterprises Ltd has moved the National Company Law Appellate Tribunal to contest an interim ruling by the National Company Law Tribunal ’s Mumbai bench related to its proposed merger with Sony Pictures Networks India Pvt. In its petition before NCLAT, Zee said the 11 May order of the tribual didn’t follow the principles of natural justice and due …

Order Nclt Nclat Zee Shirpur Sony Merger 11 May
SC to hear Google's plea against CCI order on 19 January
1 year, 11 months ago

SC to hear Google's plea against CCI order on 19 January

Firstpost  

New Delhi: The Supreme Court on Wednesday posted for hearing on January 19 an appeal of Google India against a ruling of the National Company Law Appellate Tribunal, which refused to stay a Rs 1,337.76 crore penalty imposed on the technology giant by the Competition Commission of India for alleged anti-competitive practices. The inquiry of the apex court had come …

India Europe Google Order Nclat Cci Cci Order
Google approaches NCLAT to challenge CCI's order on Android: All you need to know
2 years ago

Google approaches NCLAT to challenge CCI's order on Android: All you need to know

India TV News  

Google has approached the appellate tribunal NCLAT, challenging the CCI- Competition Commission of India’s order on unfair business practices in the Android ecosystem, as per the company’s spokesperson. Earlier, the CCI slapped a penalty of Rs 1,337.76 crore in October 2022, on Google, as the tech giant was abusing its dominant position in multiple markets because of the Android mobile …

India Indian Google Android Nclat Cci Indian Users
WhatsApp has not abused dominant position in India, rules NCLAT
2 years, 4 months ago

WhatsApp has not abused dominant position in India, rules NCLAT

The Hindu  

The NCLAT has set aside a petition and upheld a 2017 CCI order that dismissed a complaint of predatory pricing against instant messaging platform WhatsApp. The National Company Law Appellate Tribunal said no doubt WhatsApp has a 'dominant position' but it has not 'abused its dominant position' based on inputs provided by the appellant, an NGO Fight for Transparency Society. …

India Whatsapp Ngo Nclat Order Cci Dominant Position
Resolution Professional Is Only Authorized To Operate Accounts Of Corporate Debtor : NCLAT Chennai
2 years, 5 months ago

Resolution Professional Is Only Authorized To Operate Accounts Of Corporate Debtor : NCLAT Chennai

Live Law  

The National Company Law Appellate Tribunal, Chennai Bench, comprising of Justice M. Venugopal and Mr. Kanthi Narahari, while adjudicating an appeal filed in Beauty Etiole Pvt. Ltd. v C. Sanjeevi & Ors, has held that the Resolution Professional is only authorized in law to exercise control over Bank Accounts operated by the Corporate Debtor and not otherwise. On 16.06.2021, the …

Corporate Corporate Debtor Bank Resolution Professional Bank Accounts Nclat Accounts
Limitation Period For Appeal Under Section 61 IBC Starts Running From Date Of Pronouncement; Delay In Uploading Won't Exclude Limitation : Supreme Court
3 years, 2 months ago

Limitation Period For Appeal Under Section 61 IBC Starts Running From Date Of Pronouncement; Delay In Uploading Won't Exclude Limitation : Supreme Court

Live Law  

The Supreme Court has held that the period of limitation for filing of appeal against an order as per Section 61 of the Insolvency and Bankruptcy Code will start running as soon as the same is pronounced, and that it is not dependent on the date when the order is uploaded.So, a party who failed to file an application for …

Supreme Court Appeal Court Application Limitation Tribunal Period
Supreme Court upholds Tata Sons' appeal in Mistry case, sets aside NCLAT order
3 years, 8 months ago

Supreme Court upholds Tata Sons' appeal in Mistry case, sets aside NCLAT order

Hindustan Times  

In a major victory for the Tata Group, the Supreme Court on Friday set aside the National Company Law Appellate Tribunal order restoring Cyrus Mistry as the executive chairman of Tata Sons. Former Tata Group chairman Cyrus Mistry A bench of Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian said it is allowing the appeals filed by …

Tata Sons Group Tata Group Nclat Tata Sons Nclat Order
Supreme Court Allows Tata Sons Appeal Against NCLAT Order To Reinstate Cyrus Mistry As Chairman
3 years, 8 months ago

Supreme Court Allows Tata Sons Appeal Against NCLAT Order To Reinstate Cyrus Mistry As Chairman

Live Law  

In a big win for Tata Sons Ltd, the Supreme Court on Friday allowed its appeal against the order of the National Company Law Tribunal, which had ordered to reinstate the ousted Chairman Cyrus Mistry.The Court allowed the appeal of Tata Sons, answering all questions of law framed in the case in its favour, and set aside the NCLAT order. …

Supreme Court Board Court Order Ratan Tata Company Tribunal
Setback for Cyrus Mistry as Supreme Court sets aside NCLAT order to reinstate him as Tata Group's chairman
3 years, 8 months ago

Setback for Cyrus Mistry as Supreme Court sets aside NCLAT order to reinstate him as Tata Group's chairman

India TV News  

The Supreme Court on Friday set aside the National Company Law Appellate Tribunal order of December 18, 2019 restoring Cyrus Mistry as executive chairman of Tata Group. The NCLAT in its 2019 order reinstated Mistry as Tata Group chairman and also termed N Chandrasekaran’s appointment to the chairman's post of the over USD 100 billion salt-to-software conglomerate as 'illegal'. Shapoorji …

Supreme Court Court Ratan Tata Tata Sons Group Tata Group Nclat
NCLAT Upholds NCLT's Order : No Insolvency Proceedings Against Tata Chemicals [Read Order]
4 years, 4 months ago

NCLAT Upholds NCLT's Order : No Insolvency Proceedings Against Tata Chemicals [Read Order]

Live Law  

The National Company Law Appellate Tribunal dismissed an appeal filed by Allied Silica Limited challenging the NCLT, Mumbai bench's order that had rejected the insolvency application for initiating Corporate Insolvency Resolution Process against Tata Chemicals Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. In 2018, Tata Chemicals had entered into a Business Transfer Agreement for the transfer …

Insolvency Corporate Debtor Operational Order Nclt Tata Bta