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The Latest Breaking News from NCLAT

SC allows Amazon's appeal, sets aside order imposing Rs 202 crore penalty

The Supreme Court has relieved Amazon by setting aside a Rs 202 crore penalty. The apex court also suspended the e-commerce giant's deal with Future Coupons Pvt Ltd. This decision overturns a previous order by the National Company Law Appellate Tribunal. The Competition Commission of India's order imposing the penalty…

The Economic Times

Supreme Court refuses to entertain former NCLAT member's plea to practise before tribunal

The Supreme Court has rejected a plea from a former NCLAT technical member. The plea challenged a rule preventing ex-tribunal members from practicing before the National Company Law Tribunal and NCLAT. The court cited concerns about judicial independence. It noted that allowing former members to appear could create a poor…

The Economic Times

NCLAT rejects pleas against Kerala's liquor procurement agency; upholds CCI order

The Appellate Tribunal NCLAT has upheld a decision by the fair trade regulator CCI. The CCI had closed a complaint alleging abuse of dominant position by Kerala's state-owned liquor procurement agency, KSBC. NCLAT found no concrete evidence of anti-competitive conduct. The tribunal dismissed an appeal filed by industry bodies.

The Economic Times

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Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVL

Videocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows separate insolvency proceedings for Videocon Industries and Videocon Oil Ventures. Previously, a tribunal had directed clubbing of these cases. The appellate tribunal cited distinct business sectors. This makes a single…

The Economic Times

NCLAT says NCLT cannot directly order SFIO Probe; refers matter to Centre

The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (NCLT) could not directly order an investigation by the Serious Fraud Investigation Office (SFIO) and clarified that such power rests with the Central Government under the Companies Act.

The Economic Times

NCLAT allows Lyka Labs appeal; asks Modi Lifecare to pay Rs 63 lakh or face insolvency proceedings

The NCLAT has ruled in favor of Lyka Labs. It overturned a previous NCLT decision. Modi Lifecare Industries must now pay Rs 63 lakh within 30 days. Failure to pay will lead to insolvency proceedings against the company. The tribunal found that Modi Lifecare acknowledged its debt. This ruling stems…

The Economic Times

NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures

The NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an NCLT order that had clubbed the two cases. The tribunal emphasized the distinct business sectors of VIL (consumer electronics) and VOVL (oil) and the creditors' intent for independent resolutions, a…

The Economic Times

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Supreme Court hears SBI consortium’s appeal against NCLAT verdict on Jet Airways transfer

Supreme Court hears SBI consortium's challenge to NCLAT's approval of Jalan-Kalrock consortium's resolution plan for Jet Airways.

The Hindu

NCLAT chairperson calls for developing robust mechanism to regulate digital markets

Effective cooperation among the BRICS nations in striking the right balance between promoting sustainability and competition is pertinent to deal with complex challenges, National Company Law Appellate Tribunal (NCLAT) chairperson Ashok Bhushan said.

The Hindu

SC upholds NCLAT verdict setting aside M.K. Rajagopalan’s bid for Appu Hotels

The Supreme Court on Wednesday upheld The National Company Law Appellate Tribunal (NCLAT) verdict setting aside the approval given to MGM Healthcare managing director M.K. Rajagopalan for making a ₹423-crore bid to take over Appu Hotels Ltd, which owns and operates Le Meridien in Chennai and Coimbatore.

The Hindu

NCLAT upheld Adani Power bid for Korba West Power; asks Shapoorji Pallonji & Co to pursue arbitration for claims

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has upheld the 2019 Resolution Plan of Adani Power's bid for Korba West Power and has asked Shapoorji Pallonji Co to pursue arbitration proceedings for pending claims.

The Times of India

SC refutes Google's plea against NCLAT order; asks it to deposit 10% of Rs 1,338 crore fine in 7 days

NEW DELHI: The Supreme Court on Thursday rejected an appeal by tech giant Google against an order by National Company Law Appellate Tribunal (NCLAT) related to its android platform.

The Times of India

SC To Hear Google's Plea Against CCI Order On 19 Jan

A bench of Chief Justice DY Chandrachud and Justices PS Narasimha and JB Pardiwala said it will hear the case on Thursday. Read on for details:

Dynamite News

Google mulls approaching Supreme Court after NCLAT refuses to stay CCI's Rs 1,338-crore penalty order

NEW DELHI: After facing a setback at NCLAT, which refused to stay a CCI order on abuse of dominant position in multiple markets in the Android mobile device ecosystem case, Google is mulling approaching the Supreme Court, according to sources.

The Times of India

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The Times of India

Setback for Google: NCLAT refuses stay on CCI penalty, orders 10% deposit

NEW DELHI: In a setback for Google, an appellate tribunal on Wednesday refused an interim stay on the competition regulator imposing a Rs 1,337-crore penalty on the US tech giant and asked it to deposit 10 per cent of the amount.

The Times of India

NCLAT directs Jet Airways' new owner to clear unpaid provident fund, gratuity dues

NEW DELHI: Insolvency appellate tribunal NCLAT on Friday directed Jet Airways' new owner -- Jalan-Kalrock consortium -- to pay the unpaid provident fund and gratuity dues of employees of the carrier, which is preparing to restart operations.

The Times of India

WhatsApp has not abused dominant position in India, rules NCLAT

NEW DELHI: The NCLAT has set aside a petition and upheld a 2017 CCI order that dismissed a complaint of predatory pricing against instant messaging platform WhatsApp.

The Times of India

National Company Law Appellate Tribunal to hear Peerless case on September 21

KOLKATA: The National Company Law Appellate Tribunal (NCLAT) will hear the Peerless case between the Roy Family and Parasmal Lodha on September 21. Last week, NCLAT stayed the July 18 order of NCLT till further hearing which had inter alia directed cancellation of 30,000 shares allotted by Peerless General Finance…

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The Times of India

NCLAT asks IL&FS to distribute Rs 1,925 crore to financial creditors

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed ILFS to distribute Rs 1,925 crore to its financial creditors from the payments received in connection with the Gurgaon metro project.

The Times of India

Amazon likely to challenge NCLAT order in Supreme Court

NEW DELHI: Amazon is likely to move the Supreme Court against the National Company Law Appellate Tribunal (NCLAT) order which rejected its plea challenging the Competition Commission of India’s (CCI) suspension of approval of the US e-tailer’s investment in Future Coupons (FCPL).

The Times of India

Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT

NEW DELHI: Insolvency appellate tribunal NCLAT on Monday said the implementation of Jalan-Kalrock consortium resolution plan for Jet Airways would be subject to the outcome of its order over the appeals filed before it.

The Hindu

Jet officers’ union challenges revival plan in NCLAT

Group demands liquidation proceeds be used for payment of dues to staff

The Times of India

Pawan Hans winning bidder fund appeals against NCLT order in another case due to which divestment put on hold

NEW DELHI: Cayman Island-based Almas Global Opportunity Fund SPC (AGOF) on Tuesday said it is moving NCLAT against an adverse ruling from a NCLT Bench in the revival of a Kolkata-based firm EMC Ltd.

The Times of India

NCLAT reserves order on Amazon's plea against CCI ruling

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon's plea challenging the decision of regulator CCI to suspend approval for the e-commerce major's deal with Future Coupons.

The Hindu

SC to hear Cyrus Mistry’s plea to remove remarks against him after 10 days

The Supreme Court on Friday adjourned by 10 days the hearing on a plea by Shapoorji Pallonji group scion Cyrus Mistry for expunging remarks made against him by the apex court in a judgment upholding Tata group’s decision to remove him as its executive chairman. Appearing before a Bench led…

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