The recusal of an NCLAT judge from a case involving Hyderabad-based KLSR Infra citing pressure from a senior member of the higher judiciary has triggered political controversy in Telangana, with allegations pointing towards a senior Congress leader known to have ties with the firm.
In an unusual development, Justice Sharad Kumar Sharma, a judicial member of the National Company Law Appellate Tribunal (NCLAT), has recused himself from an insolvency case citing an alleged approach by “one of the most revered members of the higher judiciary” seeking a favourable order.
Coffee Day Enterprises Ltd, which is in trouble after the death of founder Chairman VG Siddhartha in July 2019, is the parent company of Coffee Day Group that operates the Cafe Coffee Day chain
NCLAT will begin hearing Google's plea against CCI imposing Rs 936.44 crore penalty on the tech giant for abusing its dominant position with respect to Play Store policies
A two-member Chennai bench of the appellate tribunal held earlier that there was a pre-existing dispute over the payment between Wipro and the petitioner and observed that the Insolvency and Bankruptcy Code was not framed for being a "mere recovery legislation for creditors".
The application has been filed by IDBI Trusteeship Services Limited before the National Company Law Tribunal, Bengaluru for alleged default of Rs 228.45 crore.
The CCI in October slapped a steep penalty of Rs 1,337.76 crore on internet giant Google for abusing its dominant position in multiple markets in relation to Android mobile devices
In its order in August, the NCLT Chennai said that Sivasankaran application under section 12 (A) does not stand. NCLT has also dismissed the SBI application.