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national gst appellate tribunal on anvil, council to decide on july 21




the gst council will consider setting up of a national appellate tribunal in delhi with three regional benches with members from judiciary as well as tax departments to hear appeals against the order of the appellate authority set up by states under the gst regime. according to the proposal which wi...



nclat defers hearing on arcelormittal pleas till july 2




the national company law appellate tribunal on wednesday adjourned till july 2 the hearing over the appeals filed by essar steel resolution applicants numetal and arcelor mittal. a two-member bench headed by chairman justice s j mukhopadhaya on wednesday started the hearing. however, the matter rema...



insolvency: bhushan power lenders asked to go ahead with selection of bids




the national company law appellate tribunal (nclat) today asked the committee of creditors (coc) of debt-ridden bhushan power & steel to proceed with the bids submitted by tata steel and uk-based liberty house. the appellate tribunal also directed the coc to keep its decision over the bids in a seal...



securities appellate tribunal defers sebi- price waterhouse hearing




the securities appellate tribunal (sat) on tuesday deferred hearing in price waterhouse's (pw's) appeal against an order passed by the market regulator securities and exchange board of india (sebi). the tribunal will next hear the matter on friday. the matter was adjourned as only one member of the ...



appellate tribunal stays nclt order allowing promoter to bid for firm




an appellate tribunal has stayed the order of the national company law tribunal (nclt) allowing the promoter of mbl infrastructure to bid for his insolvent company. it also stayed the resolution plan for the company.  the kolkata bench of the nclt had allowed the promoter of mbl infrastructure, anj...



nclat orders status quo on essar steel insolvency for two months




the national company law appellate tribunal (nclat) today ordered a status quo on insolvency of essar steel for two months as it admitted petitions of numetal and arcelormittal over the bidding eligibility. the nclat today directed the resolution professional (rp), committee of creditors (coc) and t...



insolvency process: nclat stays nclt order on jaiprakash associates land




in a relief to jaiprakash associates, the national company law appellate tribunal today stayed the nclt order which had directed the realty firm to return nearly 760-acre land to its subsidiary jaypee infratech. the appellate tribunal also admitted the petition filed by the three lenders — axis ba...



mcdonald's vs vikram bakshi: nclat adjourns hearing till november 16




the national company law appellate tribunal (nclat) adjourned the hearing on the plea filed by mcdonald's estranged partner vikram bakshi for a fair valuation of his stake at the indian joint venture cprl. the tribunal also adjourned the hearing on mcdonald's plea which has challenged reinstatement ...



nclat to start day-to-day hearing of binani cement case from august 1




the nclat on saturday started its hearing over the fate of debt-ridden binani cements, which has received bids from ultratech and dalmia bharat group. the national company law appellate tribunal (nclat) directed the matter to be listed on august 1, from when it would start day-to-day hearings on the...



nclat rejects dalmia bharat's plea for status quo on bids for binani cement




the national company law appellate tribunal (nclat) on tuesday declined to order a status quo on the bids to maximise the offer for debt-ridden binani cement by the two resolution applicants ultratech cement and dalmia bharat group. the appellate tribunal said the final outcome of the bids to maximi...



nclat refuses to stay tata steel's acquisition of debt-laden bhushan steel




the national company law appellate tribunal (nclat) on monday declined to stay tata steel's acquisition of debt-laden bhushan steel under the corporate insolvency resolution process. an nclat bench headed by chairman justice s j mulhopadhaya also issued notices to tata steel, the resolution professi...



nclat rejects liberty house plea to stay bhushan power's resolution process




the national company law appellate tribunal (nclat) today turned down the plea of uk-based liberty house to stay the resolution process of bhushan power and steel. a two-member bench of the appellate tribunal, headed by chairman justice s j mukhopadhaya, directed the committee of creditors (coc) to ...



nclt reserves order on mistry plea to transfer case




the national company law tribunal today reserved its order on the plea of ousted tata sons chairman cyrus mistry seeking transfer of his petitions challenging the ouster to the new delhi bench from the mumbai one.the principal bench of the nclt, headed by chairman justice m m kumar, will pronounce i...



gst council asks centre, states to quickly set up appellate authorities




the gst council has asked the centre and states to expedite setting up of appellate authorities for aggrieved entities to appeal against orders of the authority for advance rulings (aar). with aars in different states started giving rulings since march, it has become imperative for the centre as wel...



insolvency process: nclt calls for new bids for deccan chronicle holdings




the committee of creditors of deccan chronicle holdings limited (dchl) was open to examining fresh resolution applications, including a modified resolution plan submitted earlier this month by srei group’s vision india fund, the hyderabad bench of the national company law tribunal said on monday. ...



nclat asks parties to settle row themselves




the national company law appellate tribunal (nclat) today asked us fast food giant mcdonald's and its estranged indian jv partner vikram bakshi to consider settling their dispute among themselves.putting off the matter for next hearing to august 30, the tribunal asked mcdonald's to give an undertaki...



nclat stays voting by bhushan power & steel lenders on finalising bids




the nclat today stayed the meeting of committee of creditors (coc) of bhushan power and steel ltd to vote on finalisation of bids of the debt-ridden firm. the national company law appellate tribunal (nclat) also pulled up the resolution professional (rp) of the company, mahendra kumar khandelwal, fo...



securities appellate tribunal will get new bench in delhi




ashley coutinho  |  mumbai  may 18, 2017 last updated at 19:50 ist



mcdonald’s indian operations run into rough weather




above: over 10,000 people stand to lose their jobs if mcdonald’s outlets continue to shut down. photo: facebook/mcdonaldsindiamcdonald’s and its indian partner, cprl, have been locked in a legal battle for four years and attempts to come to a truce have failed at a recent hearing of the national...



nclat permits lenders to meet, finalise bid for bhushan power & steel




the national company law appellate tribunal (nclat) on friday gave a go-ahead to the lenders' meeting of debt-ridden bhushan power & steel (bpsl), directing it to finalise a bid for the company. vacating its earlier stay, the appellate tribunal has directed the committee of creditors (coc) of the co...



news digest: icici-videocon scam, air india eois, bank strike and more




icici bank to probe role of ceo kochharprivate sector lender icici bank will conduct an independent enquiry into allegations of breach of code of conduct and conflict of interest against managing director and chief executive chanda kochhar after a complaint from an anonymous whistle-blower. this com...



rcom offers ericsson rs 5 bn to clear dues; nclat to hear interim prayer




the national company law appellate tribunal (nclat) will hear the interim prayer of reliance communications (rcom) on wednesday after the bench headed by chairman justice s j mukhopadhaya suggested that the parties settle the matter themselves. appearing for rcom, senior advocate kapil sibal told ne...



ferro alloys may end up in liquidation; nclt to pass judgment on july 12




after months of deliberations on resolution plans and various cases in the national company law tribunal (nclt) and the national company law appellate tribunal (nclat), ferro alloys corp of india may finally end up being liquidated. the committee of creditors (coc) rejected all resolution plans, eve...



only justice minister can block vinnik extradition




the only thing that can block the extradition of alexander vinnik to the us is a possible decision by justice minister stavros kontonis, after the greek supreme court approved an american extradition request.a us jury in july indicted vinnik of laundering more than $4 billion dollars through his btc...



with nclt, nclat closing for vacations, insolvency resolutions face delays




with the national company law tribunal (nclt) and the national company appellate law tribunal (nclat) closing for vacations, the resolution process for firms undergoing bankruptcy proceedings are staring at further delays. the bengaluru, chennai and ahmedabad benches of the nclt are already on a two...