JSW Energy enters race for Raigarh Champa Rail Infra as NCLAT allows fresh bidding

[ad_1] Appellate tribunal NCLAT has quashed an NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. The development has come as a relief to JSW Energy which had sought permission to participate in the insolvency resolution process of Raigarh Champa Rail Infrastructure Pvt Ltd […]

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

[ad_1] 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 […]

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

[ad_1] 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 […]

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

[ad_1] 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 […]

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NCLAT rejects Amazon’s plea against CCI order; directs to deposit ₹200 crore penalty in 45 days

[ad_1] In December last year, CCI had suspended the approval given by it in 2019, for Amazon’s deal to acquire a 49% stake in Future Coupons Pvt Ltd (FCPL) In December last year, CCI had suspended the approval given by it in 2019, for Amazon’s deal to acquire a 49% stake in Future Coupons Pvt […]

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