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Saturday, April 17, 2021

National Company Law Appellate Tribunal

NATIONAL COMPANY LAW APPELLATE TRIBUNAL NEWS

NCLAT: IBC to hold precedence over other laws like PMLA

April 13, 2021 5:22 am

Hearing an appeal moved by the ED against an order of the Mumbai Bench of the National Company Law Tribunal (NCLT), the NCLAT held that even if the probe agency had already attached a property under PMLA, it must vacate its claim over the assets once insolvency process starts against the same company.

NCLAT underlines IBC terms: can’t accept offer if it comes late

January 19, 2021 8:11 am

The issue of revised offers after the deadline for submission of bids has crossed has seen many prolonged legal battles, including in the recent case of Dewan Housing and Finance Limited (DHFL) and an earlier case involving Binani Cement.

NCLAT rules against operational creditors’ claim for Monnet Ispat

August 20, 2019 3:02 am

The company’s operational creditors, including Bharat Petrosources, GAIL India and Bharat Heavy Electrical Ltd (BHEL), had moved the NCLAT earlier this year.

Supreme Court orders status quo in Essar insolvency case

July 22, 2019 12:43 pm

A bench headed by Justice R F Nariman said the monitoring committee will continue its work till the case is heard on August 7.

Decide on ArcelorMittal’s bid by March 8, NCLAT tells NCLT

March 01, 2019 4:53 am

If the NCLT Ahmedabad bench fails to pass the final order by March 8, the NCLAT would call on all the records and resolution plan, and pass an appropriate order by March 13

NCLAT to hear plea on IL&FS board immunity

November 13, 2018 1:07 am

The plea was initially rejected by the Mumbai bench of the National Company Law Tribunal.