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 […]

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