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Latest Articles in NCLAT

NCLT Reserves Its Order On Petition Filed By Amazon

FRL has defaulted on payment of Rs 5,322.32 crore to its lenders amid the ongoing litigations with Amazon

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NCLAT Orders Amazon To Pay Rs 200 Cr Penalty In 45 Days

The e-commerce major opposed the deal based on its 2019 transaction, whereby it acquired a 49 per cent stake in FCPL

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NCLAT Stays Insolvency Proceedings Against RHC Holding

The New Delhi bench of NCLT, on May 13, had passed the order against RHC Holding over a plea filed by its financial creditor Religare Comtrade

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NCLAT Allows Withdrawal Of Insolvency Proceedings Against Kanoria Sugar

The NCLAT has permitted withdrawal of corporate insolvency resolution process (CIRP) against Kanoria Sugar and General Manufacturing Company

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SC Nods To The Loan Settlement Offer By Siva Industries Promoters

The National Company Law Appellate Tribunal has rejected the settlement offer made by Vallal RCK and upheld the liquidation proceedings of Siva Industries

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NCLAT Directs Distribution Of Rs 16,361 Cr To IL&FS Creditors On Pro-rata Basis

The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in InvIT units (Infrastructure Investment Trusts) and a majority of this is to be distributed to the creditors of three large group firms -- IL&FS, IFIN and ITNL

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NCLAT Dismisses Hinduja Leyland Finance Plea For Insolvency Proceedings; Grant Liberty To File Fresh Petition

A three-member bench of the appellate tribunal upheld the earlier orders of the Allahabad bench of the National Company Law Tribunal (NCLT), which had on April 5, 2022, rejected the plea of Hinduja Leyland Finance

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NCLAT Asks Jet Airways To Vacate Office From Mack Star Marketing's Premises

While passing an order on May 6, a three-member bench of the NCLAT also said that no monthly fees shall be payable to Mack Star Marketing for use of the premises during the period when the the airline was undergoing Corporate Insolvency Resolution Process (CIRP)

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NCLAT Reserves Order On Amazon's Plea Against CCI Ruling

Amazon had opposed FRL's deal to sell assets to Reliance Retail as part of a Rs 24,713 crore deal, which has now been called off

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NCLAT Adjourns Hearing On Amazon Plea Seeking Stay On CCI Order To Feb 25

The two-member Bench expressed difficulty in taking up the matter on Monday, as one of the members was retiring in the next four days

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NCLAT To Hear Amazon's Plea On Future Order

The National Company Law Appellate Tribunal (NCLAT) will hear e-commerce major Amazon's interim plea on February 14, seeking a stay over the order passed by fair trade regulator CCI that had suspended the over two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL)

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NCLAT Rejects Sivasankaran’s Plea Against NCLT Order On Liquidation Of Siva Industries

In September, NCLT ordered the liquidation of Siva Industries and dismissed lenders’ proposal to pull out the company from bankruptcy proceedings. Apart from that, NCLT also rejected the application filed by Siva Industries' Resolution Professional.

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NCLAT Asks DHFL Lenders To Revisit Resolution Plan On Avoidable Transactions Valuation Aspect

Under the insolvency resolution proceedings for DHFL, Piramal Capital had emerged as the winning bidder and the Committee of Creditors (CoC) had ascribed a value of just Re 1 for Rs 45,000 crore-worth recoverable assets of DHFL.

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Twin Star Moves Supreme Court Against NCLAT Order Scrapping Rs 2,692 Cr Bid For Videocon

The NCLAT has asked the resolution professional of the company to re-run the process, which means a fresh bid has to be invited.

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Future Coupons Deal: NCLAT To Hear Amazon's Plea Against CCI Order on 13 Jan

Amazon’s petition is scheduled to be heard by a two-member bench comprising Justice M Venugopal and V P Singh of the Principal bench.

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