It was only last week that the Supreme Court raised concerns, saying the Centre was "emasculating" tribunals by not appointing officials to the quasi-judicial bodies that are facing staff crunch.
As many as 8 judicial and 10 technical members have been appointed to the NCLT while 13 judicial and 7 accountant members have been appointed to the ITAT.
The Bengaluru bench of NCLT dismissed the petition and did not inform such dismissal by means of any pronouncement of order.
The regulator, in its order, said that the company made misstatements in the prospectus in respect of the objects of the IPO.
They added that the core principle of the Insolvency and Bankruptcy Code is to protect the interests of all stakeholders but the resolution plan does not protect workers’ interest.
PNB Housing Finance said in a regulatory filing on Wednesday that the company will seek shareholders' nod in its AGM on September 3, 2021.
Sebi ought to stop the voting at the EGM, saying it was necessary for shareholders to get the correct valuation at which investors led by the Carlyle Group would acquire shares and management control.
Parliament passes bill to abolish 9 appellate tribunals, Govt says 'fully respect' judicial independence
The bill moved by Finance Minister Nirmala Sitharaman was passed by a voice vote in Rajya Sabha, while a statutory motion moved by the Opposition members to send it to a select committee was negated.
BSE and NSE sought clarifications on why the valuation report of a registered value had not been considered while determining the price of such shares on allotment to LIC.
The petition, which is likely to come up for hearing shortly, said that even after four years of the Central Goods and Services Act coming into existence, the tribunal has not been constituted.
LIC Housing Finance told BSE and NSE that it was in compliance with relevant provisions under AOA for deciding the issue price.
SAT had asked Franklin Templeton to deposit Rs 250 crore in an escrow account instead of Rs 512 crore as directed by Sebi.
It’s another blow to the film fraternity, say filmmakers on proposed Cinematograph (Amendment) Bill 2021
Filmmakers speak out against the proposed Cinematograph (Amendment) Bill 2021 that would arm the union government to recertify films that have already been censored by CBFC
No I-T scrutiny on cash deposits up to Rs 2.5 lakh by housewives post Demo: Income Tax Appellate Tribunal
The CIT (Appeals) did not accept the explanation and confirmed the Assessing officer's order treating the cash deposit of Rs 2,11,500 as unexplained money.
When contacted, the company said it will inform about the outcome of the meeting through stock exchange filings.