NCLAT asks Jet Airways to vacate office from Mack Star Marketing’s premises
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed Jet Airways, which is preparing to resume flight services in the coming months, to vacate its office from the premises of Mack Star Marketing in Mumbai. While passing an order on May 6, a three-member bench of the NCLAT also said that no monthly […]
NCLAT asks DLF to transfer 60,000 shares to deceased investor’s legal heirs
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed leading real estate player DLF Ltd to register transfer of 60,000 shares to the legal heirs of one of its deceased shareholders and has imposed a cost of Rs 5 lakh for “harassing the poor investors”. A three-member bench observed that DLF insisted again […]
Supreme Court stays NCLAT order restoring Cyrus Mistry as Tata Sons’ chairman
NEW DELHI: The Supreme Court on Friday stayed in toto the NCLAT order restoring Cyrus Mistry as executive chairman of the Tata Group, observing that there were “lacunae” in the orders passed by the Tribunal. A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant said the National Company […]
Dutch bankruptcy administrator moves NCLAT on Jet Airways insolvency case
NEW DELHI: Dutch bankruptcy administrator Friday moved the National company Law Appellate Tribunal (NCLAT) on the Jet Airways matter, which has agreed to hear the case. A three-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya also asked the Dutch bankruptcy administrator to assist in the insolvency proceedings of Jet Airways going in India. […]
NCLAT says banks can vote against NBCC proposal for Jaypee Infratech
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that lenders can vote against the NBCC’s proposal to acquire debt-ridden Jaypee Infratech and directed for completion of the ongoing voting process. Lenders consortium, led by IDBI Bank, had approached NCLAT seeking permission to vote against NBCC bid. The voting process started on […]