NATIONAL COMPANY LAW TRIBUNAL
Stocks in the news: RIL, HDFC Bank, Lupin, TCS, Kotak Bank, HCL Tech and Just Dial
Moody's Investors Service placed YES Bank's long-term foreign currency issuer rating of B2 under review.
View: It's time for govt to rethink the investor-State dispute regime
As per reports, the finance ministry has mooted a 40-page draft proposa...
NCLAT asks DLF to register transfer of shares to investor's legal heirs, imposes cost of Rs 5 lakh
"We note that the appellant (DLF) is a lis...
India plans new law to protect foreign investment: Sources
India plans to attract more capital from overseas to boost stuttering domestic growth by this move.
How global investors traded Reliance Capital bonds at 70% discount amid revival hope
The discount narrowed to 70% in the latest transactions from 80% in trades in November.
After SC stay, Tata Consultancy says no NCLAT ruling impact on company
India's largest software exporter Tata Consultancy Services (TCS) on Friday said it does not see any impact of the National Company Law Appellate Tribunal ruling removing N Chandrasekaran as its chairman.
SC notice to centre on petition challenging CAA, NPR
The petition filed by West Bengal resident Israrul Haque Mondal has also challenged changes made in the passport and foreigner rules of 2015 and 2016, allowing non-Muslim refugees from Pak, Bangladesh and Afghanistan fleeing religious prosecution to stay on even though they may have entered the country illegally.
Proposal looks to decriminalise 2/3rd offences under Companies Act
Proposed changes have been drawn from the report of the Company Law Committee (CLC), headed by corporate affairs secretary Injeti Srinivas. “Proposals to decriminalise about 44 of the compoundable offences under the Companies Act will be taken up by the cabinet,” said a senior official.
Corporate law: How it could affect business operations
The acts of a company’s internal management are normally not interfered by a judicial review, unless these acts were in conflict with the law, and were generally seen to be prejudicial to the interest of a large section of the company’s shareholders. Verdicts under company law have tilted in favour of the larger interest of the company, as opposed to individual interest.
Kotak Investment Advisors moves Bombay High Court to set aside Ricoh’s resolution plan
An alternative investment firm owned by Kotak Mahindra Bank is seeking the court’s intervention to have overturned the National Company Law Tribunal’s (NCLT) order, arguing that the resolution process was flawed.
TCS grows at slowest pace among peers; profit flat
TCS is taking a hit on revenue growth due in large part to reduced spending by its largest customers – banks and financial services companies – in the US and UK that are responding to macro-economic pressures.
Edelweiss ARC, Goldman Co tighten grip on Bilt Graphic
Some lenders like Kotak Mahindra Bank and IDBI Bank were opposed to this infusion because they were not consulted before this decision was taken.
NCLAT seeks clarity from govt, agencies on JSW Steel immunity
ED had in October last year attached Bhushan Power and Steel’s Rs 4,025-crore worth of land, buildings, plant and machinery in Odisha in a case related to the alleged diversion of bank funds, stalling the implementation of JSW Steel's Rs 19,700-crore resolution plan.
IL&FS case: NCLAT to provide formula for distribution of proceeds among creditors
The tribunal have also asked some of the lenders to file revised framework proposed by the Ministry of Corporate Affairs within a week, stating their position in the resolution of IL&FS group, which has a cumulative debt of over Rs 90,000 crore.
NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL managemet.
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