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Search Results for "national company law tribunal News | Supremetoday AI"
NCLT Can Suo Motu Order Winding Up of a Company on Just and Equitable Grounds Under S. 242 of Companies Act, 2013, Even Without a Specific Prayer: NCLT Mumbai
NCLT WindingUp CorporateLaw
NCLT Mumbai Orders Winding Up of Real Estate Firm Citing Irretrievable Breakdown of Trust Mumbai, India– In a significant ruling, the National Company Law Tribunal (NCLT), Mumbai Bench, has ordered the winding up of J A Real Estate Private Limited, invoking its powers under Section 242 of the...
Inbound Cross-Border Merger Sanctioned Under S.234 Companies Act Based on 'Deemed' RBI Approval: NCLT Mumbai
CrossBorderMerger NCLT CompaniesAct2013
NCLT Mumbai Sanctions Inbound Cross-Border Merger of Seychelles Firm into Indian Company MUMBAI, INDIA– The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned a Scheme of Merger by Absorption involving a foreign entity, marking a significant application of India's cross-border...
Director Appointments Without Proper Notice to Existing Director Constitute Oppression Under S.241-242 Companies Act: NCLT Mumbai
#NCLT #CompanyLaw #OppressionAndMismanagement
NCLT Mumbai Ousts Directors in Family Feud, Cites Oppression and Mismanagement MUMBAI– The National Company Law Tribunal (NCLT), Mumbai Bench, has delivered a decisive ruling in a protracted family business dispute, ordering the removal of three directors from M/s Dombivali Paper Manufacturin...
NCLT Sanctions Real Estate Merger Under Sections 230-232, Upholding Commercial Wisdom Despite Negative Net Worth and Regulatory Queries
#NCLT #MergerAndAcquisition #CompaniesAct2013
NCLT Greenlights Merger of Galleria Retail into R Retail Ventures, Emphasizes Commercial Wisdom Mumbai- The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Scheme of Merger by Absorption of Galleria Retail Private Limited into R Retail Ventures Private Limited. The orde...
Assignee of Debt from a Related Party Inherits Disqualification from CoC: NCLT Chennai
InsolvencyLaw RelatedParty NCLT
NCLT Chennai Upholds 'Related Party' Classification for Assignee, Bars Entry into CoC CHENNAI, INDIA– In a significant ruling clarifying the scope of 'related party' disqualifications under the Insolvency and Bankruptcy Code (IBC), 2016, the National Company Law Tribunal (NCLT), Chennai Bench...
NCLT can treat a Section 66 IBC application as a composite one under Sections 45 & 49 to reverse fraudulent undervalued transactions with related parties: NCLT Mumbai
#NCLT #IBC2016 #FraudulentTransactions
NCLT Uncovers Collusion, Orders Reversal of Fraudulent Parking Space Transfer in Sharon Bio-Medicine Case Mumbai, India– In a significant ruling, the National Company Law Tribunal (NCLT), Mumbai Bench, has declared the transfer of 20 valuable parking spaces from Sharon Bio-Medicine Ltd. to a ...
Debt Arising from Non-Recourse Bill Discounting is Operational, Not Financial; Sec 7 Application Dismissed: NCLT Mumbai
NCLT Insolvency FinancialDebt
NCLT Mumbai Dismisses UK Export Finance’s Insolvency Plea, Rules Debt from Non-Recourse Bill Discounting is Operational Mumbai– The National Company Law Tribunal (NCLT), Mumbai Bench, has rejected an insolvency petition filed by the UK government's export credit agency, UK Export Finance (UKE...
SRA Related to Sole CoC Member is Eligible Under S.29A IBC; Plan Below Liquidation Value Permissible: NCLT Mumbai
NCLT Insolvency IBC
NCLT Approves Resolution Plan for Pritdip Impex, Upholds Commercial Wisdom of CoC Mumbai, Maharashtra– The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the resolution plan for Pritdip Impex (India) Private Limited, reinforcing key principles of the Insolvency and Bankruptc...
Agreement for Profit Sharing, Not Service Provision; Claim Does Not Qualify as 'Operational Debt' Under IBC S.5(21): NCLT New Delhi
IBC2016 OperationalDebt NCLT
Profit-Sharing Agreement Does Not Create 'Operational Debt', NCLT Dismisses Insolvency Plea New Delhi:The National Company Law Tribunal (NCLT), New Delhi Bench, has dismissed a petition to initiate insolvency proceedings, ruling that claims arising from a profit-sharing based 'Operation and M...
NCLT Hyderabad Approves Resolution Plan Under IBC S.31 Involving Merger, Upholding CoC's Commercial Wisdom
NCLT IBC2016 ResolutionPlan
NCLT Hyderabad Greenlights Innovative Resolution Plan for Taaza International, Approving Merger and Ensuring 100% Payout to Creditors Hyderabad, Telangana– The National Company Law Tribunal (NCLT), Hyderabad Bench, has approved a resolution plan for Taaza International Limited, which includes...
