NCLAT upholds late filing of homebuyer claims

When the payment is received by the corporate debtor from an allottee, it becomes obliged to hand over the possession of the house and the allied liabilities.

published on : 19th July 2022

NCLAT rejects Amazon's plea against Future, asked to deposit over Rs 200 crores penalty

In December last year, the Competition Commission of India suspended the approval given by it in 2019, for Amazon's deal to acquire a 49 per cent stake in Future Coupons Pvt Ltd.

published on : 13th June 2022

NCLAT directs distribution of Rs 16,361 crore to IL&FS creditors on pro-rata basis

The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in InvIT units (Infrastructure Investment Trusts).

published on : 3rd June 2022

Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT

A two-member bench of National Company Law Appellate Tribunal (NCLAT) said they would have to abide by the results of the appeals filed before it.

published on : 31st May 2022

Jet Airways staff association challenges airline's resolution plan before NCLAT

The plan was later cleared by the Mumbai bench of the National Company Law Tribunal (NCLT).

published on : 26th May 2022

NCLAT stays formation of creditors' panel for ATS Group firm

NCLT had appointed an interim resolution professional to take over the management while suspending the board of Ananda Divine Developers.

published on : 12th April 2022

NCLAT stays liquidation of Ballarpur Industries, asks panel to reconsider fresh resolution plan

Finquest Financial, which had appealed against the liquidation order, argued before the NCLAT that while the order of liquidation was made on 25 January 2022.

published on : 9th March 2022

PNB fraud: NCLAT sets aside order giving relief to five directors of Nirav Modi firm

Earlier this year, allowing the plea of the govt, the NCLT had injuncted all companies and individuals from removal, transfer or disposal of funds and properties until its further orders.

published on : 12th July 2018

NCLAT allows Vedanta to make upfront payment of Rs 5,320 crore for Electrosteel

On May 17, NCLAT admitted the petition of Renaissance Steel challenging Vedanta's bid for debt-ridden Electrosteel.

published on : 30th May 2018

Government approaches National Company Law Appellate Tribunal, seeks power to attach properties of persons involved in PNB scam 

In a petition, the corporate affairs ministry has also sought to invoke powers including the removal of the management and recovery of undue gains.

published on : 18th April 2018