Tag: NCLAT

Pay Rs 1,337 crore fine imposed by Competition Commission, NCLAT tells Google

The National Company Law Appellate Tribunal (NCLAT) on Wednesday said that Google will have to pay the fine of Rs 1,337.76 crore, imposed on it by the Competition Commission of India (CCI).

March 29, 2023

SC refuses to interfere with NCLAT order, extends deadline for Google to deposit 10 pc penalty

A bench of Chief Justice DY Chandrachud and Justices PS Narasimha and JB Pardiwala granted Google India one week to comply with the NCLAT order to deposit a 10 per cent penalty. It has sent the matter back to the Tribunal and directed the NCLAT to dispose of the appeal filed by Google by March 31, 2023.

January 19, 2023

DHFL Case: NCLAT to hear FD, NCD holders & Wadhawan’s plea on 29 Sept

Many of the FD and NCD holders have expressed concerns about the transfer of funds, pointing out that their petitions challenging the payout of funds are pending in court

September 27, 2021

Sivasankaran to appeal in NCLAT against liquidation order

Siva Industries and Holdings Limited (Siva Industries) which owes lenders about Rs 5,000 crore will go into liquidation after the NCLT rejected the application

September 5, 2021

SC sets aside NCLAT order reinstating Cyrus Mistry as Tata Sons chairperson

A bench headed by Chief Justice S.A. Bobde said all questions of law are in favour of Tata Group and dismissed the appeals filed by Mistry. The top court upheld the Tata Sons decision to sack Cyrus Mistry on October 24, 2016.

March 26, 2021

Despite pandemic IL&FS expects to address over Rs 50K cr debt in FY21

The number of entities resolved as of September 2020 stands at 173, half the original number of 347 entities of the IL&FS Group.

October 24, 2020

NCLAT dismisses insolvency plea against Tata Chemicals

According to Allied Silica, Tata Chemicals, the corporate debtor, had only transferred a sum of Rs 65 crore, out of Rs 123 crore and the balance amount of Rs 58 crore has not been paid. On account of default, the interest amounts to Rs 10.44 crore, and thus a total of Rs 68.44 crore is the unpaid operational debt, it said.

August 12, 2020

NCLAT dismisses IFCI plea against ACCIL, says can’t seek fresh insolvency against guarantor

IFCI had filed petition to initiate insolvency proceedings against ACCIL Hospitality

February 20, 2020

NCLAT approves JSW Steel proposal to acquire Bhushan Power for Rs 19,700 crore

It has also rejected the petitions filed by operational creditors, seeking higher claims.

February 17, 2020

TATA-Mistry Row: SC stays NCLAT order on RoC plea seeking modification of verdict

he NCLAT had in its December 18 verdict termed the RoC's decision to allow conversion of Tata Sons from public to private company as illegal.

January 24, 2020

SC stays NCLAT order restoring Cyrus Mistry as chairman of Tata Sons

Tata Group had on Thursday moved the Supreme Court against the reappointment of Cyrus Mistry as company’s chairman, following which company patriarch Ratan Tata also joined the issue and filed a second petition to rule out the order.

January 10, 2020

Tata-Mistry case: NCLAT refuses to modify its judgement, rejects RoC plea

Tata Sons, Chairman Emeritus Ratan Tata and Tata Consultancy Services (TCS) have separately moved the Supreme Court against the NCLAT order.

January 6, 2020

Tata Sons moves SC against NCLAT order reinstating Cyrus Mistry as company chairman

On December 18, the NCLAT had restored Cyrus Mistry as the Executive Chairman of Tata Group, stating that his removal was illegal.

January 2, 2020

NCLAT restores Cyrus Mistry as Executive Chairman of Tata Group

NCLAT also quashed company’s conversion from public firm to a private firm.

December 18, 2019

Jaypee Infratech: NCLAT instructs lenders, allottees to appear on July 17

Also, the National Company Law Appellate Tribunal directed the Committee of Creditors (CoC) to produce a gist of the resolution plan submitted by NBCC and objections they have with regard to the plan.

July 2, 2019

NCLAT allows banks to declare defaulting ILFS accounts as NPAs

The bench has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies.

May 2, 2019

IL&FS accounts can’t be declared NPAs without NCLAT nod

Order issued by two-member bench hearing an application moved by some lenders

February 25, 2019