Tag: National Company Law Appellate Tribunal

Centre has no hesitation in amending company laws frequently to make them more robust, says Union Finance Minister

Centre has no hesitation in amending company laws frequently to make them more robust, says Union Finance Minister

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Union Finance Minister Nirmala Sitharaman being honoured by National Company Law Appellate Tribunal (NCLAT) chairman Ashok Bhushan during the inauguration of the renovated premises of Chennai Bench of NCLAT on Saturday. NCLAT Judicial Member M. Venugopal looks on. | Photo Credit: Special Arrangement The Centre has no hesitation whatsoever to go to the Parliament frequently […]

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RCap resolution | NCLAT allows lenders’ plea for another round of bidding

RCap resolution | NCLAT allows lenders’ plea for another round of bidding

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The National Company Law Appellate Tribunal (NCLAT) on March 2, 2023 allowed a petition filed by lenders of Reliance Capital, seeking another round of auction for the debt-ridden firm undergoing insolvency proceedings. A two-member Bench set aside an order passed by NCLT and said the Committee of Creditors (CoC) has the power to negotiate and […]

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NCLAT rejects Amazon’s appeal against CCI order suspending Future deal

NCLAT rejects Amazon’s appeal against CCI order suspending Future deal

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In a major setback to Amazon, the National Company Law Appellate Tribunal (NCLAT) on June 13 rejected the U.S. e-commerce giant’s appeal against an antitrust suspension of its investment deal with Future Group, saying the retailer had not made full disclosures at the time of seeking approval. NCLAT also upheld a ₹200-crore penalty imposed on […]

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