nclat

New Delhi, April 8 The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India, challenging the distribution of funds to dissenting financial creditors SBI and Punjab National...

New Delhi, April 6 The National Company Law Appellate Tribunal has ordered the completion of the insolvency proceedings for Future Lifestyle Fashion within three months.While rejecting an appeal filed by an operational creditor, a two-member bench has asked the Resolution Professional and the...

In New Delhi, on April 6, the Supreme Court declined to block the implementation of Adani Group's ₹14,535-crore bid to acquire Jaiprakash Associates Limited (JAL), but imposed a safeguard by restraining the firm's monitoring committee from making any "major policy decisions" without prior...

New Delhi, April 6 The Supreme Court on Monday refrained from interfering with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's ₹14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL).However, the bench restrained the monitoring...

Important cases listed before the Supreme Court on Monday (April 6)* The Supreme Court will hear a batch of petitions related to the special intensive revision of the electoral roll in West Bengal.* The Supreme Court will hear a case initiated on its own regarding the incident of judicial...

New Delhi, April 3 The National Company Law Appellate Tribunal (NCLAT) has rejected Raheja Developers' plea to close the insolvency resolution process against its project, Raheja Shilas, in Gurugram, after observing that the issues with flat buyers have not been resolved.It further stated that...

New Delhi, April 2 In a relief to the Delhi Metro Rail Corporation (DMRC), the appellate tribunal, NCLAT, has stated that DMRC is not bound to revive the concession agreement with Pratibha Industries Ltd (PIL) for a multi-level parking at one of its stations.Earlier, on July 30, 2024, the NCLT...

New Delhi, April 1 The opposition in the Rajya Sabha criticized the government on Wednesday for frequent amendments to the Insolvency and Bankruptcy Code, significant haircuts, alleged favoritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, along with...

New Delhi, April 1 The National Company Law Appellate Tribunal (NCLAT) has overturned an order by the National Company Law Tribunal (NCLT) rejecting Belgotex India's insolvency plea against Puneet India, citing a pre-existing dispute.Allowing Belgotex India's appeal, a two-member NCLAT bench...

New Delhi, March 30 The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed an appeal by state-owned trading firm MMTC, challenging the one-time settlement (OTS) between National Spot Exchange Ltd (NSEL), backed by 63 Moons, and traders.The Mumbai bench of the National Company...

New Delhi, March 30 Providing partial relief to NCR-based realty firm Vatika, the NCLAT has restricted the insolvency proceedings against it to a specific Gurgaon-based project, Project Aspirations.Modifying the order passed by the National Company Law Tribunal (NCLT), the appellate tribunal...

New Delhi, March 29 The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by BSE, in which the leading bourse challenged the power of the NCLT to unfreeze the Demat accounts of businesses undergoing insolvency resolution and liquidation.A two-member NCLAT bench...

New Delhi, March 26 Leading cement maker UltraTech Cement on Thursday said it has settled with Jaiprakash Associates Ltd (JAL) in the arbitration dispute over the Dalla Super unit and associated mines.In a regulatory filing, UltraTech Cement said 1,00,000 Series A Redeemable Preference Shares...

New Delhi, March 23 The National Company Law Appellate Tribunal (NCLAT) on Monday directed the Vedanta Group to make the Adani Group a party in its appeals challenging the NCLT's approval of Adani Group's bid to acquire Jaiprakash Associates Ltd (JAL) for Rs 14,535 crore.The two-member bench...

New Delhi, March 22 The Vedanta Group, a major business conglomerate, has approached the National Company Law Appellate Tribunal (NCLAT), challenging the National Company Law Tribunal (NCLT)'s approval of Adani Group's bid to acquire Jaiprakash Associates Ltd for ₹14,535 crore.The Vedanta...

New Delhi, March 22 The National Company Law Tribunal (NCLAT) has exempted IL&FS Group companies – categorized as ‘red’ and ‘amber’ – from corporate social responsibility (CSR) obligations due to accrued interest expenses on their loans.This order will benefit approximately 50 ‘amber’ and...

New Delhi, March 17 The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed against alternative energy firm Eastman Auto & Power in an insolvency case and upheld the order passed by the NCLT.A two-member bench observed that the existence of a dispute with Vave India...

New Delhi, March 16 The National Company Law Appellate Tribunal (NCLAT) on Monday restored an insolvency appeal against Dilip Buildcon, a construction and infrastructure development company.A two-member bench of the NCLAT on December 12, 2025, dismissed the appeal filed by Shyamji Construction...

New Delhi, March 16 The National Company Law Appellate Tribunal (NCLAT) has allowed Chronos Properties, backed by Brookfield, which is in the race to acquire the Infrastructure Leasing and Financial Services (IL&FS) flagship Bandra Kurla Complex property, to replace its bank guarantee within a...

Hyderabad, March 13 Bharat Rashtra Samithi (BRS) working president K.T. Rama Rao has demanded a probe by central agencies into the alleged irregular allocation of government contracts to KLSR Infratech Private Limited, a company he claims is linked to Telangana Chief Minister Revanth Reddy as a...