SC sets aside NCLAT nod to Byju’s settlement with BCCI
Observing that the NCLAT did not apply its mind while delivering the impugned decision, the apex court directed a fresh adjudication on the insolvency proceedings.
Observing that the NCLAT did not apply its mind while delivering the impugned decision, the apex court directed a fresh adjudication on the insolvency proceedings.
The order came with a rider that in case of failure of timely payment of the dues on the specific dates submitted in the undertaking, the insolvency proceedings would be revived automatically.
A bench comprising Chief Justice of India (CJI) D.Y. Chandrachud and Justices JB Pardiwala and Manoj Misra assured on Monday that they will list the case in the last week of January 2024.
The Supreme Court on Friday said that National Company Law Appellate Tribunal (NCLAT) and National Company Law Tribunal (NCLT) must start holding hybrid hearings
The National Company Law Appellate Tribunal (NCLAT) on Monday gave more time to the winning bidder Jalan-Kalrock Consortium to pay…
The number of entities resolved as of September 2020 stands at 173, half the original number of 347 entities of the IL&FS Group.
According to Allied Silica, Tata Chemicals, the corporate debtor, had only transferred a sum of Rs 65 crore, out of Rs 123 crore and the balance amount of Rs 58 crore has not been paid. On account of default, the interest amounts to Rs 10.44 crore, and thus a total of Rs 68.44 crore is the unpaid operational debt, it said.
IFCI had filed petition to initiate insolvency proceedings against ACCIL Hospitality
It has also rejected the petitions filed by operational creditors, seeking higher claims.
he NCLAT had in its December 18 verdict termed the RoC's decision to allow conversion of Tata Sons from public to private company as illegal.
