The National Company Law Appellate Tribunal (NCLAT) has ordered an interim stay on a specific section of the Kolkata National Company Law Tribunal (NCLT) order that had restricted any action by the Reserve Bank of India...
National Company Law Appellate Tribunal orders Airtel to pay Rs 112 crore to Aircel
An appellate court has ordered asked Bharti Airtel to pay Rs 112 crore to Aircel, overturning an earlier tribunal order, giving a financial boost to the bankrupt telco which is about to exit insolvency proceedings...
Solar Rooftop companies move Tribunal on KERC’s order
Developers of solar rooftop projects have challenged the Karnataka power regulator’s order in December seeking to do away with net metering for commercial and industrial consumers. Net metering allows developers to sell...
Creditors to Videocon Group likely to appeal against insolvency tribunal’s order
Lenders to Videocon Group may appeal the National Company Law Tribunal (NCLT) order passed on 12 February which said that the company’s foreign assets should be included as part of ongoing insolvency proceedings in...
Karvy case: Interim relief to Axis Bank from Securities Appellate Tribunal
The Securities Appellate Tribunal (SAT) on Wednesday granted interim relief to Axis Bank in the appeal filed by the latter against the order passed by the Securities and Exchange Board of India (Sebi) in the Karvy case...
RIL-Network 18 deal: Tribunal asks Sebi to pass order by November 30
The Securities Appellate Tribunal (SAT) on Thursday asked markets regulator Sebi to pass an order by the end of November in the matter of Reliance Industries’ acquisition of Network18 Media & Investments...
Debt recovery tribunal sells 3.3 mn shares of United Spirits for Rs 196 cr
The recovery official of the Debt Recovery Tribunal on Tuesday sold more than 33 lakh shares of United Spirits Ltd for around Rs 196 crore, according to the block deal data of stock exchanges. The BSE block deal data...
Tribunal dismisses appeals against Monnet Ispat Resolution plan
An appellate tribunal on Monday dismissed appeals by some creditors of steelmaker Monnet Ispat & Energy against a Rs 2,875-crore resolution plan offered by AION Investments and JSW Steel. The Mumbai bench of the...
Doha Bank moves law tribunal, seeks stay on decisions of RCom lenders
In a surprise intervention in the Reliance Communications (RCom) insolvency matter, Doha Bank, which is one of the financial creditors to RCom’s subsidiary Reliance Infratel, has moved the National Company Law Tribunal...
NCLAT slams SBI-led lenders of RCom for misleading tribunal
An appellate tribunal slammed the lenders of Reliance Communications (RComNSE -0.93 %), especially the State Bank of India, for painting a rosy picture of the Anil Ambani-owned telco’s asset sale plan, which had turned...
Sidbi may take IL&FS to National Company Law Tribunal
The Small Industries Development Bank of India (Sidbi) may file a case in the National Company Law Tribunal (NCLT) against debt-laden Infrastructure Leasing & Financial Services Ltd (IL&FS) for not repaying its...
IndusInd, DBS Bank go to tribunal against Jyoti Structures’ resolution plan
Legal representatives appearing on behalf of IndusInd Bank and DBS Bank have filed applications with the National Company Law Tribunal (NCLT) in Mumbai, opposing the current resolution plan of Jyoti Structures. The...