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Page 16 - Nclat

Not necessary to start insolvency against principal borrower first: NCLAT

It also held that the corporate guarantee provided was joint and co-extensive with that of the principal debtor

Not necessary to start insolvency against principal borrower first: NCLAT
Updated On : 10 Jan 2019 | 1:20 AM IST

NCLAT asks Walmart to submit details of its merger with Flipkart

The CCI had in August cleared the $16-billion deal

NCLAT asks Walmart to submit details of its merger with Flipkart
Updated On : 08 Sep 2018 | 2:15 AM IST

Bhushan power insolvency: NCLAT allows bidders to revise offers by Monday

On Wednesday, the tribunal also said that the operational creditors' concerns of getting a better share would have to be looked into

Bhushan power insolvency: NCLAT allows bidders to revise offers by Monday
Updated On : 02 Aug 2018 | 5:34 AM IST

NCLAT reserves order over Bhushan Steel, challenging sale to Tata Steel

The National Company Law Appellate Tribunal today reserved its order over plea filed by former promoter of Bhushan Steel challenging the sale of the debt-ridden company to Tata Steel under the Corporate Insolvency Resolution Process. The appellate Tribunal has also reserved order over pleas of engineering firm Larsen & Toubro Ltd, an operational creditor of Bhushan Steel, which has supplied goods worth Rs 900 crore to the company. A two-member bench headed by Chairman Justice S J Mukhopadhaya has said that the parties, which also includes Bhushan Energy, may file their written submissions by tomorrow. In May, the Principal bench of the National Company Law Tribunal (NCLT) had approved Tata's Rs 32,500 crore deal along with 12.27 per cent equity to the lenders. This was challenged before the NCLAT by the promoters, including Neeraj Singhal, and operational creditors of the company. Nearly 1,700 other operational creditors of Bhushan Steel has also moved the appellate tribunal ...

NCLAT reserves order over Bhushan Steel, challenging sale to Tata Steel
Updated On : 26 Jul 2018 | 11:05 PM IST

NCLAT junks cement-makers' plea against CCI's Rs 67-bn cartelisation fine

The appeals are dismissed, said the NCLAT, which now is an appellate authority over the Competition Commission of India (CCI)

NCLAT junks cement-makers' plea against CCI's Rs 67-bn cartelisation fine
Updated On : 26 Jul 2018 | 2:28 AM IST

NCLAT ruling on rule waiver: Cyrus Mistry says 'vindicated'

The NCLAT allowed plea by Mistry firms seeking the waiver in filing case of oppression and mismanagement against Tata Sons

NCLAT ruling on rule waiver: Cyrus Mistry says 'vindicated'
Updated On : 21 Sep 2017 | 5:33 PM IST

NCLAT's Inox Wind order a precedent

Tribunal declares insolvency proceedings against corporate debtor Inox Wind 'illegal'

NCLAT's Inox Wind order a precedent
Updated On : 30 Jul 2017 | 2:24 AM IST

Can NCLAT cope with competition?

According to the Finance Act, 2017, the functions of Compat are being shifted to the NCLAT

Can NCLAT cope with competition?
Updated On : 29 May 2017 | 12:58 AM IST