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National Company Law Appellate Tribunal

NCLAT Upholds Go First's Insolvency Order, Lessors Asked To Move To NCLT

NCLAT Upholds Go First's Insolvency Order, Lessors Asked To Move To NCLT

Mon, May 22, 2023

In what came as a relief for Go First, the National Company Law Appellate Tribunal (NCLAT), on May 22, upheld the NCLT order on the airline's insolvency. The lessors have been asked to move an appropriate application at the National Company Law Tribunal (NCLT).

NCLAT Directs Google To Comply With CCI Order, Deposit Rs 1,337-Cr Fine In 30 Days

NCLAT Directs Google To Comply With CCI Order, Deposit Rs 1,337-Cr Fine In 30 Days

Wed, Mar 29, 2023

The NCLAT on Wednesday upheld the order of CCI imposing a penalty of Rs 1,337.76 crore on Google in a case related to abuse of its dominant position in Android. The tech giant has been given 30 days by National Company Law Appellate Tribunal to pay the fine and implement the order.

NCLAT refuses interim relief to Google on Rs 936 crore penalty imposed by CCI

NCLAT refuses interim relief to Google on Rs 936 crore penalty imposed by CCI

Wed, Jan 11, 2023

Google was fined over Rs 2,200 crore in two CCI rulings less than a week apart in October, marking a setback for the tech titan in one of the most promising digital markets globally.

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Google gets demand notices from competition commission for non-payment of penalties

Google gets demand notices from competition commission for non-payment of penalties

Wed, Dec 28, 2022

Google has filed appeals before the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) two orders in October. The appeals are yet to be heard by the tribunal.

NCLAT sets aside CCI order on DLF, remanded back directing to examine

NCLAT sets aside CCI order on DLF, remanded back directing to examine

Mon, Dec 26, 2022

The case pertains to CCI rejecting a complaint against DLF and its subsidiary for alleged abuse of the dominant position on the basis of a second/supplementary report from DG.

NCLAT sets aside pleas against CCI's Rs 873-crore penalty on UBL, other beer makers

NCLAT sets aside pleas against CCI's Rs 873-crore penalty on UBL, other beer makers

Sat, Dec 24, 2022

A two-member bench said after examining the materials and considering the arguments, it was of opinion that the "appellants had already admitted in the leniency application regarding their involvement in the cartelisation".

NCLAT sets aside liquidation of Febris Multispeciality Hospital; orders probe into RP's conduct

NCLAT sets aside liquidation of Febris Multispeciality Hospital; orders probe into RP's conduct

Mon, Dec 12, 2022

The appellate tribunal has set aside an order passed by NCLT for liquidation of Febris Multispeciality Hospital and said, the "matter is remitted back to NCLT to reexamine the issue and consider to change the RP (resolution professional)".

NCLAT stays insolvency proceedings against BPTP as realty firm settles dispute with operational creditor

NCLAT stays insolvency proceedings against BPTP as realty firm settles dispute with operational creditor

Sun, Nov 20, 2022

The NCLT order had come over a petition filed by RBCL Projects, an MSME involved in infrastructure activities such as completion or finishing of a building under construction.

NCLAT rejects petitions against Ola in alleged predatory pricing matter

NCLAT rejects petitions against Ola in alleged predatory pricing matter

Mon, Jan 10, 2022

The National Company Law Appellate Tribunal (NCLAT) has rejected petitions filed by ride sharing players Meru and Fast Track Call Cab against Ola alleging predatory pricing ways and anti-competitive practices in Bengaluru market.

Jaypee insolvency case: Creditors' panel approves Suraksha group's offer; rejects NBCC bid

Jaypee insolvency case: Creditors' panel approves Suraksha group's offer; rejects NBCC bid

Fri, Aug 20, 2021

Construction firm NBCC and Suraksha group submitted their final resolution plans on Wednesday to acquire Jaypee Infratech Ltd (JIL) in the fourth round of corporate insolvency resolution process.

NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea

NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea

Fri, Jul 23, 2021

The Mumbai-based fintech company said the NCLAT has set September 15 for final hearing on the matter.

Coronavirus scare: NCLAT adjourns all hearings in March as precautionary steps

Coronavirus scare: NCLAT adjourns all hearings in March as precautionary steps

Mon, Mar 16, 2020

Taking precautionary measures amid coronavirus outbreak, the National Company Law Appellate Tribunal (NCLAT) has adjourned all its scheduled hearings in March

Jaypee Infratech insolvency: NCLAT says banks can vote against NBCC proposal

Jaypee Infratech insolvency: NCLAT says banks can vote against NBCC proposal

Mon, Jun 10, 2019

"As the voting is going on, we are not inclined to pass any orders. We make it clear that if any financial creditor remains absent from voting, their voting percentage would not be counted," the Appellate Tribunal said.

NCLAT sets aside Jyoti Structures liquidation, asks NCLT to consider Rs 4K-cr plan by Sanghi, others

NCLAT sets aside Jyoti Structures liquidation, asks NCLT to consider Rs 4K-cr plan by Sanghi, others

Sun, Mar 24, 2019

The National Company Law Appellate Tribunal (NCLAT) has set aside the order to liquidate Jyoti Structure and asked the Mumbai bench of NCLT to consider the Rs 4,000-crore resolution plan submitted by Sharad Sanghi and others.

Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting companies: NCLAT

Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting companies: NCLAT

Sun, Jan 20, 2019

"We hold that it is not necessary to initiate Corporate Insolvency Resolution Process against the principal borrower before initiating 'Corporate Insolvency Resolution Process' against the corporate guarantors.

NCLAT stays corporate insolvency proceeding against ECL

NCLAT stays corporate insolvency proceeding against ECL

Sun, Dec 23, 2018

"The application filed by the operational creditor... is hereby admitted for initiating the Corporate Insolvency Resolution Process in respect of Eastern Coalfields...," Justice Madan B Gosavi had said in his December 19 order.

Aditya Birla group firm UltraTech Cement bid cleared, set to bag Binani Cement, Dalmia Bharat gets snubbed

Aditya Birla group firm UltraTech Cement bid cleared, set to bag Binani Cement, Dalmia Bharat gets snubbed

Thu, Nov 15, 2018

UltraTech is set to bag Binani Cement, with the National Company Law Appellate Tribunal (NCLAT) on Wednesday approving the revised bid of Aditya Birla group firm UltraTech Cement while rejecting the earlier preferred offer of Dalmia Bharat group as discriminatory.

Gujarat NRE Coke promoter hopes favourable NCLAT outcome

Gujarat NRE Coke promoter hopes favourable NCLAT outcome

Sun, Oct 07, 2018

The Jindal Steel & Power Ltd, an unsecured creditor with only 0.5 per cent of the total debts of Gujarat NRE Coke, has obtained an ex-parte order of NCLAT on July 12 to stay the meeting scheduled on July 16.

ArcelorMittal revises bid for Essar Steel to Rs 42,000 cr

ArcelorMittal revises bid for Essar Steel to Rs 42,000 cr

Tue, Sep 11, 2018

The NCLAT had allowed the Committee of Essar Steel Creditors, who are auctioning the company to recover their Rs 49,000 crore unpaid loans, to negotiate the best price from eligible bidders.

NCLAT declines stay on Tata Sons' conversion to pvt co; says Cyrus Mistry can't be forced to sell stake

NCLAT declines stay on Tata Sons' conversion to pvt co; says Cyrus Mistry can't be forced to sell stake

Fri, Aug 24, 2018

In September last year, Tata Sons had received shareholders' nod to convert itself into a private limited company from being a public limited company, limiting in effect Cyrus Mistry family's ability to sell their stake to outsiders.

NCLAT stays Jyoti Structures liquidation

NCLAT stays Jyoti Structures liquidation

Wed, Aug 22, 2018

The appellate tribunal has directed the Mumbai bench of the National Company Law Tribunal (NCLT) and the resolution professional of the company not to take any steps in this regard.

Nirav Modi firm directors face crackdown, assets under seizure threat now

Nirav Modi firm directors face crackdown, assets under seizure threat now

Mon, Apr 30, 2018

In one of the rare cases where independent directors are held liable in a financial fraud case, the National Company Law Appellate Tribunal (NCLAT) has ordered the freezing of the personal assets of high profile executives who served as independent directors on the Board of companies of Nirav Mod

Essar Steel sale hits another legal wall, this time in the form of Numetal

Essar Steel sale hits another legal wall, this time in the form of Numetal

Fri, Apr 27, 2018

The sale of Essar Steel assets under Insolvency and Bankruptcy Code (IBC) hit another legal hurdle on Thursday with the Numetal consortium moving the National Company Law Appellate Tribunal (NCLAT) to prevent the lenders from declaring initial bidders ineligible.

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