NCLAT

NCLT Not a ‘Court’ or a ‘Tribunal’ Cannot Decide Legality of a Foreign Decree

Usha Holdings LL.C. & Anr. Vs Francorp Advisors Pvt. Ltd. (NCLAT Delhi)

National Company Law Appellate Tribunal concluded that the National Company Law Tribunal (NCLT) is not a ‘Court’ or a ‘Tribunal’ and hence cannot decide legality of a foreign degree. NCLAT held that deciding the legality or illegality of a foreign degree is outside the jurisdiction of NCLT....

Read More
Posted Under: Income Tax | |

NCLAT rejects Tata plea against late Liberty bid for Bhushan Power

Tata Steel Limited Vs Liberty House Group Pte. Ltd. & Ors. (NCLAT)

NCLAT held that appeal preferred by ‘Tata Steel Limited’ is premature, uncalled for, in absence of any final decision taken by the Adjudicating Authority under Section 31, this appeal is also not maintainable....

Read More
Posted Under: Income Tax | |

Corporate Debtor Cannot Maintain Appeal Under IBC : NCLAT

Radius Infratel Pvt. Ltd. Vs Union Bank of India (NCLAT)

Radius Infratel Pvt. Ltd. Vs Union Bank of India (NCLAT) when the matter was taken up one Mr. Ankit, representative of the Corporate Debtor submits that the lawyer is appearing before the Debts Recovery Tribunal. However, we are not adjourning the case as even on appearance of the counsel we cannot entertain the appeal preferred […...

Read More
Posted Under: Income Tax | |

NCLAT approves Revised Resolution Plan for Binani Cement by UltraTech Cement

Binani Industries Limited Vs Bank of Baroda & Anr. (NCLAT, Delhi)

Binani Industries Limited Vs Bank of Baroda & Anr. (NCLAT, Delhi) In exercise of powers conferred by Section 31 of the ‘I&B Code’ read with order of remand by the Hon’ble Supreme Court, we have gone through the records, revised ‘Resolution Plan’ submitted by ‘Ultratech Cement Limited, gist of which noticed earlier and ...

Read More
Posted Under: Income Tax | |

Corporate Debtor Cannot Maintain Appeal Under IBC, 2016: NCLAT

Radius Infratel Pvt. Ltd. Vs Union Bank of India (NCLAT Delhi)

National Company Law Appellate Tribunal (NCLAT) held that Corporate debtor cannot maintain appeal under the Insolvency and Bankruptcy Code (IBC), 2016....

Read More
Posted Under: Income Tax | |

NCLAT upheld Rs 6,700 cr CCI penalty for cartelisation on cement-makers’

Ambuja Cements Limited Vs Competition Commission of India & Ors. (NCLAT Delhi)

Ambuja Cements Limited Vs CCI & Ors. (NCLAT Delhi) The ‘Builders Association of India’ filed information under Section 19(1) (a) of the Competition Act, 2002, alleging anti-competitive agreement against the ‘Cement Manufactures’ Association’ (hereinafter referred to as “CMA”- the ‘Opposi...

Read More
Posted Under: Income Tax | |

Authorized Representative to File Petition under ‘I&B Code’

Palogix Infrastructure Private Limited Vs. ICICI Bank Limited (NCLAT Delhi)

National Company Law Appellate Tribunal in the matter of Palogix Infrastructure Private Limited Vs. ICICI Bank Limited has promulgated that an Authorized Representative can file petition under Insolvency and Bankruptcy Code, 2016...

Read More
Posted Under: Income Tax | |

Time to file Appeal in NCLAT against Order of Adjudicating Authority

Amod Amladi V/s. Mrs. Sayali Rane & Anr. (NCLAT Delhi)

Article discusses Time Period for Filing of Appeal in National Company Law Appellate Tribunal (NCLAT) against the order of adjudicating authority in the light of Section 62(2) of Insolvency and Bankruptcy Code, 2016 and NCLAT Judgments in the case of Steam Amod Amladi V/s. Mrs. Sayali Rane & Anr and Nityanand Singh and Co. V/s Ferrous Inf...

Read More
Posted Under: Income Tax | |

Perusal of Pending Proceeding before HC after declaration of Moratorium in IBC, 2016

Steamline Industries Ltd Vs. Tecpro Systems Ltd (NCLAT Delhi)

In this editorial author discusses Judgment National Company Law Appellate Tribunal (NCLAT) in the case of Steamline Industries Ltd Vs. Tecpro Systems Ltd with reference to Section 14(1)(a) and 238 of the nsolvency and Bankruptcy Code, 2016 (IBC, 2016) on the issue Whether Pending Proceeding before Honourable High Court can be peruse aft...

Read More
Posted Under: Income Tax | |

Whether POA Holder Can File Application Under IBC, 2016

Shriram EPC Limited Vs. Rio Glass Solar SA (NCLAT Delhi)

The 'I&B Code' is a complete Code by itself. The provision of the Power of Attorney Act, 1882 cannot override the specific provision of a statute which requires that a particular act should be done by a person in the manner as prescribed thereunder. Therefore, we hold that a 'Power of Attorney Holder' is not competent to file an applicat...

Read More
Posted Under: Income Tax | |

Browse All Categories

CA, CS, CMA (4,014)
Company Law (4,350)
Custom Duty (7,186)
DGFT (3,848)
Excise Duty (4,176)
Fema / RBI (3,589)
Finance (3,802)
Income Tax (28,853)
SEBI (3,039)
Service Tax (3,424)