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Jet Airways Staff To Get Full Provident Fund, Pension Dues In Setback For SBI
The SBI and seven other lenders had argued that provident fund, gratuity, and pension fund dues should form part of the liquidation estate and be distributed among all creditors under the Insolvency and Bankruptcy Code.
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In Setback To Vedanta, Law Tribunal Rejects Plea Against Adani In JAL Case
Vedanta had challenged the approval of Adani Group's resolution plan by the Committee of Creditors (CoC) in the Jaiprakash Associates insolvency case, contending that its own proposal offered significantly higher value to lenders.
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Judge Who Sought Favours Dodges In-House Probe With Retirement? Maybe Not
A high court chief justice who tried to influence a National Company Law Appellate Tribunal member in Chennai for a ruling in favour of a company has narrowly escaped an in-house inquiry due to his retirement and other reasons.
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Top Court Flags Claim Of Judge Seeking Favour, Sends Case To Chief Justice
The sensational claim that a senior high court judge approached a judicial member of NCLAT, Chennai for an order favouring a company came under the scanner of the Supreme Court.
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Law Tribunal Dismisses Insolvency Plea Against PepsiCo India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.
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WhatsApp, Meta Win Relief as NCLAT Suspends Data Sharing Ban
Meta had challenged the Competition Commission of India's (CCI) directive issued in November that imposed a ban on data sharing between WhatsApp and other Meta entities for advertising purposes, warning it may have to roll back some features. Meta also criticised the CCI for not having the "technical expertise" to understand the ramifications of it...
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Jet Airways Winning Bidder Withdraws Plea To Put Rs 200 Crore In Escrow
The Jalan Kalrock Consortium (JKC), the successful bidder of the grounded Jet Airways, on Tuesday withdrew its plea before the NCLAT to move Rs 200 crore, which it paid to lenders, to an escrow account.
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"Willfully Defied...": Supreme Court Slams Tribunal Over Finolex Case Order
The Supreme Court has slapped a contempt of court notice on NCLAT Technical Member Alok Srivastava for defying its order in the Finolex Cables case, which pertains to a legal tussle between cousins Prakash and Deepak Chhabria for control of the compa
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"Has Got Down To A Rot": Supreme Court Notice To Company Tribunal Members
Observing that the National Company Law Appellate Tribunal has got down to a rot, the Supreme Court on Wednesday issued notices to tribunal's judicial member Rakesh Kumar and technical member Alok Srivastava.
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Appellate Tribunal To Hear Google's Request Against Competition Body From Nov 28
The National Company Law Appellate Tribunal (NCLAT) will on November 28 begin hearing Google's plea against CCI imposing Rs 936.44 crore penalty on the tech giant for abusing its dominant position with respect to Play Store policies.
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Jet Airways' Winning Bidder Gets Extension To Repay Rs 350 Crore To Lenders
The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airways.
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Deadline To Apply For Judicial, Technical Posts At NCLAT Till September 1
The Ministry of Corporate Affairs (MCA) on Thursday said it has extended the deadline for submitting applications for the post of judicial and technical members at NCLAT till September 1.
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Go First Insolvency Upheld By Tribunal, Setback For Lessors
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency resolution proceedings against crisis-hit airline Go First, derailing aircraft lessors' efforts to take back their planes from the struggling Wadia group firm.
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Court Reserves Verdict On Appeal Filed By Go First's Lessors For May 22
In the case of Go First Airline, the National Company Law Appellate Tribunal has reserved its verdict on three lessors' appeal challenging the order passed by the National Company Law Tribunal (NCLT).
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On Lessors Trying To Repossess Go First Aircraft, Tribunal Order Next Week
The National Company Law Appellate Tribunal (NCLAT) will pass its order next Monday on the petitions filed by three aircraft lessors against Go First's voluntary insolvency resolution proceedings.
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Jet Airways Staff To Get Full Provident Fund, Pension Dues In Setback For SBI
The SBI and seven other lenders had argued that provident fund, gratuity, and pension fund dues should form part of the liquidation estate and be distributed among all creditors under the Insolvency and Bankruptcy Code.
-
In Setback To Vedanta, Law Tribunal Rejects Plea Against Adani In JAL Case
Vedanta had challenged the approval of Adani Group's resolution plan by the Committee of Creditors (CoC) in the Jaiprakash Associates insolvency case, contending that its own proposal offered significantly higher value to lenders.
-
Judge Who Sought Favours Dodges In-House Probe With Retirement? Maybe Not
A high court chief justice who tried to influence a National Company Law Appellate Tribunal member in Chennai for a ruling in favour of a company has narrowly escaped an in-house inquiry due to his retirement and other reasons.
-
Top Court Flags Claim Of Judge Seeking Favour, Sends Case To Chief Justice
The sensational claim that a senior high court judge approached a judicial member of NCLAT, Chennai for an order favouring a company came under the scanner of the Supreme Court.
-
Law Tribunal Dismisses Insolvency Plea Against PepsiCo India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.
-
WhatsApp, Meta Win Relief as NCLAT Suspends Data Sharing Ban
Meta had challenged the Competition Commission of India's (CCI) directive issued in November that imposed a ban on data sharing between WhatsApp and other Meta entities for advertising purposes, warning it may have to roll back some features. Meta also criticised the CCI for not having the "technical expertise" to understand the ramifications of it...
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Jet Airways Winning Bidder Withdraws Plea To Put Rs 200 Crore In Escrow
The Jalan Kalrock Consortium (JKC), the successful bidder of the grounded Jet Airways, on Tuesday withdrew its plea before the NCLAT to move Rs 200 crore, which it paid to lenders, to an escrow account.
-
"Willfully Defied...": Supreme Court Slams Tribunal Over Finolex Case Order
The Supreme Court has slapped a contempt of court notice on NCLAT Technical Member Alok Srivastava for defying its order in the Finolex Cables case, which pertains to a legal tussle between cousins Prakash and Deepak Chhabria for control of the compa
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"Has Got Down To A Rot": Supreme Court Notice To Company Tribunal Members
Observing that the National Company Law Appellate Tribunal has got down to a rot, the Supreme Court on Wednesday issued notices to tribunal's judicial member Rakesh Kumar and technical member Alok Srivastava.
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Appellate Tribunal To Hear Google's Request Against Competition Body From Nov 28
The National Company Law Appellate Tribunal (NCLAT) will on November 28 begin hearing Google's plea against CCI imposing Rs 936.44 crore penalty on the tech giant for abusing its dominant position with respect to Play Store policies.
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Jet Airways' Winning Bidder Gets Extension To Repay Rs 350 Crore To Lenders
The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airways.
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Deadline To Apply For Judicial, Technical Posts At NCLAT Till September 1
The Ministry of Corporate Affairs (MCA) on Thursday said it has extended the deadline for submitting applications for the post of judicial and technical members at NCLAT till September 1.
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Go First Insolvency Upheld By Tribunal, Setback For Lessors
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency resolution proceedings against crisis-hit airline Go First, derailing aircraft lessors' efforts to take back their planes from the struggling Wadia group firm.
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Court Reserves Verdict On Appeal Filed By Go First's Lessors For May 22
In the case of Go First Airline, the National Company Law Appellate Tribunal has reserved its verdict on three lessors' appeal challenging the order passed by the National Company Law Tribunal (NCLT).
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On Lessors Trying To Repossess Go First Aircraft, Tribunal Order Next Week
The National Company Law Appellate Tribunal (NCLAT) will pass its order next Monday on the petitions filed by three aircraft lessors against Go First's voluntary insolvency resolution proceedings.
