Tribunals

NCLAT: Ministry of Corporate Affairs Not To Be Added As Party Defendant To IBC And Petitions Filed By Tribunals

The National Company Law Tribunal (NCLT), Principal bench, passed an impugned order on 22/11/2019, directing to implead Union of India, and Ministry of Corporate affairs (MCA) as a party respondent to all cases under the Insolvency and Bankruptcy Code (IBC)...

NCLAT: Former employee of a Financial Creditor cannot be appointed as an Interim Resolution professional

A petition to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Metenere Limited (Corporate Debtor) was made before the National Company Law Tribunal (NCLT) Delhi. Post issuance of the order, the State Bank of India (Financial Creditor) proposed to...

NCLAT: The Business Model of Ola and Uber Do Not Make Them ‘Hub and Spoke’ Cartel

Background A public-spirited individual made an application before the Competition Commission of India (CCI). The application concerned the contravention of Section 3 of the Competition Act by the cab aggregators Ola and Uber. The informant alleged collusion on the part...

NCLAT: For Swift Implementation of Resolution Process, Paramount Status Given to Commercial Wisdom of COC

A resolution plan is a proposal, which is meant to implement an effective mechanism to ensure the going concern status of a Corporate Debtor (CD), by relieving it from financial stress. For quick completion of the corporate insolvency resolution process...

NCLAT: Acknowledgment of debt under the Limitation Act and its effects on the Insolvency and Bankruptcy Code

All suits filed before the courts and tribunals are supposed to be in adherence to the limitation period provided under the Limitation Act. An acknowledgement of debt in writing under Section 18 of the Limitation Act, starts a fresh...

NGT Ordered LG Polymers To Initially Deposit Rs. 50 Crore For The Vizag Gas Leakage

The National Green Tribunal (NGT) on May 8 suo moto took cognizance of a hazardous gas leakage incident in Vishakhapatnam and ordered initially to deposit an amount of Rs. 50 crores under Section 14 and 15 of the National...

NCLT: Objections Raised By Corporation Debtors To Applications Filed Under Section 7 Of The Insolvency And Bankruptcy Code

A company named M/s Uddhyaman Investments Pvt Ltd claiming itself to be a financial creditor moved an application before the National Company Law Tribunal (herein referred to as NCLT) Chennai, under section 7 of the Insolvency and bankruptcy code...

NCLAT: Can the Insolvency Resolution Process be initiated against a ‘Struck Off’ Company?

The Corporate Insolvency Resolution procedure (CIRP) provided under the Insolvency and Bankruptcy Code (IBC), is aimed to maximize the value of a corporate debtor’s assets, and to ensure its ‘going concern’ status. Issues, however, may arise when a company no...

NCLAT clarifies the law regarding extension of Corporate Insolvency Resolution Process

‘Speedy’ is the gist for effective, efficacious functioning of the Insolvency Bankruptcy Code (IBC). To ensure quick and efficient completion of the Corporate Insolvency resolution process (CIRP), Section 12 of the IBC, provides for the completion of the entire...

Cold Rolling Units operating with CTE/CTO from State Pollution Control Boards must obtain an Environmental Clearance within one year

The units which are established or operating under the CTEs/CTOs obtained from a statutory authority i.e. the respective State Pollution Control Boards, a period of one year may be allowed for their recommended conversion to EC ensuring that the...
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Delhi HC: High Courts Under Article 266 Cannot Determine Matters of National Security

In the present case, the Division Bench consisted of Justice Rajiv Sahai Endlaw and Justice Asha Menon. After analysing...
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SC Asks Jharkhand Government to Find Possibility of Entry in Religious Places During COVID-19

A Special Leave Petition was filed in the Supreme Court. This was against an order of Jharkhand High Court prohibiting the participation of devotees...

Bombay High Court Approves MMRDA Plans to Cut Mangrove Trees to Build Metro Line-4

The Mumbai Metropolitan Regional Development Authority (MMRDA), the petitioner instituted the Writ Petition. The petitioner seeks permission to start construction work for Metro Line...

CALL FOR CAMPUS AMBASSADORS @ KATOG : APPLY NOW!!!

ABOUT KATOG KATOG is an initiative by Together-WCWW & KATCHERI.IN, Which is an outreach partner. Together-WCWW aims to provide legal awareness to every section of...

1ST NATIONAL BOOK REVIEW COMPETITION BY SOCIETY OF LAW AND LITERATURE: REGISTER BY 20 AUGUST 2020

ABOUT ORGANIZERS: National Law University Odisha is an autonomous law university in India located at Cuttack, Odisha. It was established in 2008 under the National...