Divyam Mishra

NCLAT Sets Aside NCLT Orders Approving Resolution Plan for Ricoh Limited

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, passed judgment on 05/08/2020, allowed an appeal filed by Kotak Investment Advisors Limited (KIAL) challenging two impugned orders passed by the Adjudicating Authority/National Company Law Tribunal, Mumbai Bench. The Adjudicating...

NGT Imposes Rs. 286 Crore Fine on HPCL, BPCL, Sealford and Aegis

The National Green Tribunal (NGT) passed an order on 13th August 2020, imposing a fine of Rs. 286 crore on four companies Bharat Petroleum Limited, Hindustan Petroleum Corporation Limited, Sealord Containers and Aegis Logistics for creating “substantially” contribution to...

NCLT Seeks Reply From Bhushan Steel’s Monitoring Committee on Retirement Policy

The National Company Law Tribunal (NCLT), Principal Bench, passed an impugned order on 30/07/2020, seeking reply within ten days from the Monitoring Committee of Bhushan Power & Steel Limited (BPSL) concerning retirement policy under Section 7 of Insolvency and...

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