Go First Lessor Receives NCLAT Permission To Inspect Leased Aircraft
Disagreeing with a portion of the NCLT's ruling that restricted the lessor from inspecting the engines, the NCLAT had issued its own directive to schedule an inspection within 10 days.
Sep 01, 2023, 08:46 AM IST
Jet Airways Insolvency: Jalan Kalrock Consortium Seek Time To Pay Rs 350 Crore To Lenders
During the proceedings, the Committee of Creditors (CoC) asked the Jalan-Kalrock consortium to pay Rs 350 crore by August 31, as per the schedule. However, the consortium sought an extension in the schedule.
Aug 19, 2023, 08:54 AM IST
Go First Insolvency: Lessors Cannot Take Possession of Aircraft, NCLAT Upholds NCLT's Orders
NCLAT directed aircraft lessors to approach NCLT for any remedy in the Go First insolvency proceedings matters.
May 22, 2023, 14:49 PM IST
Setback For Google: NCLAT Upholds Rs 1,337.76 Cr Fine On Tech Giant By CCI For Anti-Competitive Practice In India
Challenging the CCI order, Google said the findings are "patently erroneous and ignore" the reality of competition in India, Google's pro-competitive business model, and the benefits created for all stakeholders.
Mar 29, 2023, 17:23 PM IST
Google Plans Approaching Supreme Court After NCLAT Refuses To Stay CCI's Rs 1,338-Cr Penalty Order
On October 20 last year, CCI slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. In the October ruling, CCI had also ordered the internet major to cease and desist from various unfair business practices.
Mar 05, 2023, 07:19 AM IST
NCLAT directs Google to pay 10% of Rs 1,337.76 cr penalty; admits appeal for hearing
A two-member bench, however, declined to grant any immediate stay the operations of Competition Commission of India (CCI) penalty and said it would pass any order after hearing out other parties.
Jan 04, 2023, 12:29 PM IST
Yes Bank faces BIG action over unfair loan transactions - NCLAT sets aside insolvency proceedings against Mack Star
The NCLAT found that more than 99 percent of the sanctioned amount – Rs 147.6 crore by Yes Bank in Mack Star's name – was returned to the bank on the same day or within a short period of time.
Sep 09, 2022, 10:44 AM IST
NCLAT rejects Amazon's plea to stay CCI order suspending Future Coupons deal approval
NCLAT bench in its judgement today upheld the CCI's order of suspension of Amazon Future Coupons deal agreeing with CCI's order that Amazon had not made full disclosures of the information to the Commission.
Jun 13, 2022, 11:16 AM IST
Noida-based builder Supertech faces second major setback in the last one year; details here
Apart from this, Supertech is also barred from transferring, encumbering, alienating, or disposing of any assets.
Mar 26, 2022, 14:44 PM IST
CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT in Future case
Senior counsel Gopal Subramaniam, representing Amazon, submitted before the appellate tribunal that the jurisdiction and statutory authority of CCI are in question in the appeal filed by the company.
Feb 25, 2022, 20:19 PM IST
NCLAT stays insolvency proceedings against HCL Tech
A two-member NCLAT bench, while admitting the petition filed by HCL Tech MD and CEO C Vijayakumar stayed the National Company Law Tribunal (NCLT) order of January 17, 2022, to initiate insolvency against the IT major.
Jan 21, 2022, 08:35 AM IST
Relief for beer makers as NCLAT stays CCI order imposing Rs 873 crore penalty
NCLAT has imposed a stay on the orders passed by the fair trade regulator CCI slapping penalties on several beer makers.
Dec 25, 2021, 15:54 PM IST
NCLAT rejects Kotak Bank's plea to set aside insolvency proceedings against MSEL
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by Kotak Mahindra Bank along with a director of debt-ridden McNally Sayaji Engineering Ltd (MSEL) to set aside insolvency proceedings against the manufacturer of mineral processing equipment.
Dec 01, 2021, 19:04 PM IST
ZEEL gets time till October 22 to respond to Invesco’s plea
The National Company Law Tribunal (NCLT) has asked ZEEL to respond to Invesco's plea by October 22.
Oct 08, 2021, 16:08 PM IST
Big jolt to Invesco! NCLAT directs NCLT to give reasonable time to ZEEL to respond
A ZEEL spokesperson said that the company continues to have full faith in the Indian judicial system and will take all the necessary steps that are in the best interests of all its shareholders.
Oct 07, 2021, 21:32 PM IST
PNB urges NCLAT to quash Jet Airways rescue plan, here’s why
The PNB’s request could delay the return of Jet Airways which was grounded two years ago.
Sep 03, 2021, 10:59 AM IST
Supreme Court sets aside NCLAT order reinstating Cyrus Mistry as Tata Sons chairman
In a major development, the Supreme Court on Friday (March 26, 2021) set aside the December 2019 ruling of the National Company Law Appellate Tribunal (NCLAT) that had directed the reinstatement of Cyrus Mistry as Tata Sons chairperson.
Mar 26, 2021, 12:11 PM IST
NCLAT dismisses DoT's plea in Aircel licence moratorium matter citing delay in appeal
The National Company Law Appellate Tribunal (NCLAT) has dismissed the telecom department's plea citing delay in appeal against the NCLT order which held that the spectrum and licence of debt-ridden Aircel cannot be taken away during the insolvency resolution period.
Mar 08, 2020, 16:56 PM IST
Supreme Court stays NCLAT order restoring Cyrus Mistry as Executive Chairman of Tata Sons
The Supreme Court on Friday (January 10) stayed the National Company Law Appellate Tribunal (NCLAT) order that restored Cyrus Mistry as executive Chairman of Tata group. The apex court also issued a notice to Mistry and summoned him to answer questions raised by Tata's lawyer in a plea filed against the NCLAT order.
Jan 10, 2020, 12:34 PM IST
Cyrus Mistry says will not take up chairmanship of Tata Sons
He said that his decision has been made in the interests of the Tata Group, "whose interests are far more important then the interests of any individual".
Jan 05, 2020, 18:51 PM IST
