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National Company Law Appellate Tribunal

NCLAT allows promoters to regain control of firms at liquidation stage

In the liquidation case pertaining to Sterling Biotech, the NCLAT has set aside a bankruptcy court order to liquidate a debt-ridden company while allowing its promoters to take back control of the firm after making full payment to the lenders.

Sep 04, 2019, 15:26 PM IST

Jaypee homebuyers still hoping for dream houses

The National Company Law Appellate Tribunal (NCLAT) on Tuesday extended the resolution period of debt-ridden Jaypee Infratech for another 90 days.

Aug 01, 2019, 12:17 PM IST

ICICI seeks direction on NCLT Allahabad for early hearing on insolvency plea against JAL

In September 2018, ICICI Bank had filed a petition before the Allahabad bench of National Company Law Tribunal (NCLT) seeking to start insolvency proceedings of JAL, which is into infrastructure and real estate.

Jun 17, 2019, 13:22 PM IST

NCLAT dismisses insolvency plea against SpiceJet

The appellate tribunal said there was nothing on record to suggest that the demand notice relating to invoices issued by Ramco System was forwarded or received by Spicejet.

May 13, 2019, 11:25 AM IST

Cabinet clears creation of 6 additional posts in NCLAT

NCLAT is a quasi-judicial body that hears appeals against rulings of the National Company Law Tribunal.

Mar 28, 2019, 17:45 PM IST

NCLAT adjourns RCom's plea for insolvency to March 6

On February 4, the NCLAT had allowed telecom gear maker Ericsson India to file its objection by February 8 over Reliance Communications' plea to proceed with insolvency process.

Feb 13, 2019, 10:11 AM IST

NCLAT to hear contempt plea against Anil Ambani on February 25

HSBC Daisy moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel.

Jan 22, 2019, 14:18 PM IST

NCLAT suggests appointing a former Supreme Court judge for IL&FS asset sales

The new management of the IL&FS is considering assets sales to bail out the company from its financial mess and pay back to its lenders over Rs 90,000 crore.

Jan 11, 2019, 18:21 PM IST

Mistry was removed from Tata Sons without any intimation: Investment firms to NCLAT

Cyrus P Mistry has also moved NCLAT in his personal capacity against his removal.

Jan 09, 2019, 10:26 AM IST

Cyrus Mistry was removed from Tata Sons without any intimation: Investment firms to NCLAT

Mistry was removed as director of all Tata group companies as the trustees had "written to all companies that if you do not remove him, we would take Tata brand name from you."

Jan 09, 2019, 08:40 AM IST

Mistry camp questions affirmative vote of trustee nominee directors on Tata Sons board

Section 121 of the AoA of Tata Sons mandates that important matter of Tata Sons can only be decided with the affirmative vote of trust nominee directors.

Dec 13, 2018, 12:27 PM IST

SC rejects plea of Dalmia Bharat Group firm's plea against rejection of its bid for Binani Cement

The bench said there was no infirmity in the NCLAT's order.

Nov 19, 2018, 18:03 PM IST

NCLAT approves UltraTech's bid for Binani Cement

The apex court had directed NCLAT to hear the case on a day-to-day basis.

Nov 14, 2018, 16:41 PM IST

NCLAT stays proceedings against IL&FS, group companies

A two-member NCLAT bench headed by Justice S J Mukhopadhaya has asked the top five lenders of IL&FS to submit their replies over the government's plea for 90 days moratorium.

Oct 15, 2018, 13:00 PM IST

NCLAT reserves order over Mistry's plea on Tata Sons

NCLAT was hearing the plea filed by Mistry challenging the orders of NCLT which had dismissed his plea challenging his removal as chairman of the company.

Aug 14, 2018, 17:23 PM IST

Vedanta deposits Rs 5,320 crore in Electrosteel Steels escrow account

The National Company Law Appellate Tribunal (NCLAT) had allowed Vedanta Ltd to make an upfront payment of Rs 5,320 crore to lenders for acquiring Electrosteel Steels.

Jun 05, 2018, 12:48 PM IST

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

A two-member bench also said this payment would be subject to the outcome of the petition filed by Renaissance Steel challenging Vedanta's bid.

May 30, 2018, 15:19 PM IST

RCom plea against insolvency to be heard by NCLAT on Tuesday

The plea of Anil Ambani-run RCom was mentioned today before the bench of the National Company Law Appellate Tribunal (NCLAT), seeking an urgent hearing on the issue.

May 28, 2018, 16:27 PM IST

RCom moves NCLAT challenging order allowing plea for its insolvency

Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.

May 22, 2018, 17:06 PM IST

NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues notices

The bench directed the matter to be listed on May 30 and asked the parties to file their replies in a week.

May 21, 2018, 14:48 PM IST