NCLAT – Lawcutor

Supreme Court Waives NOIDA Time-Extension Penalty Charges in Homebuyer CIRP Case

Background Granite Gate Properties Pvt. Ltd. took two plots on perpetual lease from NOIDA for high-rise residential projects — Lotus Boulevard (Sector 100) and Lotus Panache (Sector 110). The developer…

Timely Implementation of Resolution Plans: A Supreme Court Mandate

11 Nov 202411 Nov 2024

State Bank of India & Ors. v/s Consortium of Mr. Murari Lal Jalan and Mr. Florian Fritsch & Anr. 2024 INSC 852 In a critical ruling, a Supreme Court bench,…

Stock Broking Company fall under the scope of IBC- NCLAT to decide

The NCLAT, New Delhi has agreed to examine whether a stock broking company should be considered as a Financial Service Provider under Section 3(16) of the Insolvency and Bankruptcy Code,…

SC allows appeal of Tata Son’s against NCLT order

The Supreme Court allowed Tata Sons' appeals against the NCLAT order reinstating Cyrus Mistry as the corporation's executive chairman, on Friday. The Tatas have hailed the decision as a victory.…

Need to introduce legal framework to give us supervisory jurisdiction over NCLTs: NCLAT

The National Company Law Appellate Tribunal(NCLAT) proposed in a recent case that there is a necessity to vest in it the power of superintendence and control over the National Company…

Supreme Court: Except in limited circumstances under Sections 30 and 31 IBC, NCLT/NCLAT cannot interfere with CoC’s commercial wisdom

Justices AM Khanwilkar, BR Gavai and Krishna Murari set asides NCLAT's order and held, that "The appeal is a creature of statute and that the statute has not invested jurisdiction…

Sitting Members of NCLAT moved Supreme Court against the remarks of Five Member Bench.

The petitioners were Justice Karat Kumar Jain, Bavinder Singh and Vijai Pratam, all members of NCLAT. They have all moved the supreme court against "cut paste methodology" that was adopted…

Whether the non-payment of rent would qualify as an operational debt defined u/s 5(21) of IBC 2016?

In this case of Promila Taneja vs. Surendri Design Pvt Ltd, a Civil Appeal No(s).4237 of 2020, the Supreme Court issued notice in an appeal filed against an order passed…

SC reserves order of Tata Sons vs Cyrus Mistry, directs parties to file written submissions within a week

The Supreme Court on Thursday reserved judgment in the cross-appeals filed by Tata Sons and Cyrus Investments against the National Company Law Appellate Tribunal’s (NCLAT) order which had restored Cyrus Mistry as…

Aircel Spectrum sale under IBC decided by NCLAT : Surpeme Court

Last week The Supreme Court allowed the National Company Law Appellate Tribunal (NCLAT) to decide the question of whether mobile operator Aircel's spectrum license can be sold under Insolvency &…