Top Law News NCLT cancels summer vacation to hear cases. May 8, 2020 by Legal India Admin | Leave a Comment National Company Law Tribunal (NCLT) has cancelled the scheduled summer vacation for all its benches across the country this year. In a notification, issued by the registrar on May 5, NCLT said it has cancelled summer vacation for this year and all benches of NCLT will function during the said period. The Delhi-based principal bench […] Read more » National Company Law Tribunal NCLT NCLT cancels summer vacation to hear cases.
Top Law News SC restrains directors of JAL from alienating properties November 22, 2017 by Legal India Admin | Leave a Comment The Supreme Court today directed 13 directors, including five promoters of embattled Jaiprakash Associate Limited (JAL) not to alienate their personal properties and asked the firm to deposit Rs 150 crore and Rs 125 crore by December 14 and December 31 respectively. The bench accepted a demand draft of Rs 275 crore by the real […] Read more » Court featured Jaiprakash Associate Limited Law Legal News National Company Law Tribunal NCLT Supreme Court
Top Law News Gujarat HC raps RBI for giving directions to NCLT July 18, 2017 by Legal India Admin | Leave a Comment The Gujarat High Court today rebuked the Reserve Bank of India for asking the National Company Law Tribunal in its June 13 directive to give priority to the insolvency proceedings against companies with huge debts. It also questioned the functioning of the central bank. The bench of Justice S G Shah came down heavily on […] Read more » Court featured Gujarat High Court Law Legal News NCLT RBI Reserve Bank of India
Top Law News Karna HC directs NCLT to hear afresh bankruptcy proceedings of Falcon Tyres June 13, 2017 by Legal India Admin | Leave a Comment Disposing of a plea of a tyre manufacturer, the Karnataka High Court has directed the National Company Law Tribunal (NCLT) to hear afresh bankruptcy proceeding of Falcon Tyres, filed by Edelweiss Asset Reconstruction Company (ARC). Falcon Tyres’ promoter Pawan Ruia had approached the high court seeking a fair trial, stating that principle of natural justice […] Read more » Court Falcon Tyres featured Karnataka High Court Law Legal News NCLT
Top Law News NCLT dismisses Mistry firms’ petition against Tata Sons April 18, 2017 by Legal India Admin | Leave a Comment The National Company Law Tribunal (NCLT) here today dismissed a petition by two firms belonging to Cyrus Mistry’s family, seeking waiver of an eligibility condition for moving the forum against Tata Sons. An NCLT bench of B S V Prakash Kumar and V Nallasenapathy said, “The waiver is dismissed, the company petition dismissed.” The two […] Read more » Court featured Law Legal News Mistry firms National Company Law Tribunal NCLT petition Tata Sons
Top Law News NCLT clears way for Tata Sons to hold EGM on Feb 6 February 1, 2017 by Legal India Admin | Leave a Comment The National Company Law Tribunal (NCLT) today refused to grant a stay on the extraordinary general meeting (EGM) called by Tata Sons on February 6 to consider removal of Cyrus Mistry from the Board of Tata Group’s holding company. A Sundaram, counsel for Cyrus Mistry family companies, pressed for interim relief in contempt petition (against […] Read more » Board of Tata Group Court Cyrus Mistry EGM extraordinary general meeting featured Law Legal News National Company Law Tribunal NCLT Tata Sons
