"nclat"

Canara Bank and Union Bank have moved NCLAT challenging NCLT approval of Subhash Chandra’s Rs 6.5-crore personal insolvency repayment plan against creditor claims of Rs 22,006.57 crore. The lenders allege related entities influenced voting, while NCLT upheld the plan

HDFC Bank is considering an appeal against an NCLT order approving Subhash Chandra’s repayment plan, under which creditors will receive only Rs 6.5 crore against admitted claims exceeding Rs 22,000 crore. HDFC Bank’s Rs 680-crore claim has 3.2% admitted

The Supreme Court on Monday agreed to hear NBCC’s plea challenging NCLAT’s refusal to exempt it from RERA provisions while completing 16 stalled Supertech housing projects. The projects comprise nearly 50,000 homes across four states, with thousands of homebuyers awaiting possession

The Supreme Court agreed to hear Videocon founder Venugopal Dhoot's plea challenging an NCLAT order that upheld separate insolvency proceedings for Videocon Industries and Videocon Oil Ventures. The court issued notice and scheduled the matter for further hearing on August 10

The Supreme Court set aside NCLT and NCLAT orders after discovering the tribunal used fake, AI-generated judicial precedents. Declaring "zero tolerance" for AI hallucinations, the apex court directed the Bar Council of India to establish strict guidelines for lawyers

The Supreme Court of India took suo motu cognisance of delays in NCLT resolution plan approvals, calling the situation “grim”. It flagged manpower shortages, warned IBC goals may fail, and directed urgent action as hundreds of cases remain pending nationwide

National Company Law Appellate Tribunal ruled that insolvency proceedings by homebuyers must be limited to the defaulting project only, not entire realty firms. The tribunal stressed protecting other projects and stakeholders while confining claims and CIRP strictly to the concerned project

National Company Law Tribunal’s Allahabad bench had approved Adani Enterprises' Rs 14,535 crore bid to acquire JAL assets, which was challenged by Vedanta with a Rs 17,926 crore offer

The NCLAT has set aside the CCI’s five-year ban on WhatsApp sharing user data with Meta Platforms for advertising purposes, while retaining the ₹213 crore penalty imposed for anti-competitive practices linked to WhatsApp’s 2021 privacy policy update

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

Collapse of Jet Airways is a disheartening development for India -- the third-largest domestic aviation market in the world

Set aside NCLAT decision upholding the resolution plan of Jet Airways and approves transfer of its ownership to Jalan Kalrock Consortium

A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra will pronounce the verdict which was reserved on October 16.

Supreme Court came down heavily on two members of NCLAT who were issued contempt notice for defying an order of the apex court

NCLAT on Monday suspended its order passed last Friday, pertaining to disclosure of the results of AGM of Finolex Cable

More than 600 delegates are expected to participate in the conference that concludes on Friday. Last time, this conference happened in India in 2013

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".