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National Company Law Tribunal

Quasi-judicial body in India

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National Company Law Tribunal: Quasi-judicial body in India
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.

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NCLT directs initiation of insolvency proceedings against Raheja Developers


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Sanofi Consumer makes its debut on stock exchanges

Sanofi Consumer Healthcare has been listed on the BSE and NSE after its demerger from Sanofi India. Approved by the National Company Law Tribunal, this move aligns with Sanofi's global strategy. The..
IndiaTimes - Published

Suspended board of Jaiprakash Associates moves NCLAT, challenges insolvency proceedings

The suspended board of Jaiprakash Associates has appealed to the NCLAT against the NCLT's order to initiate insolvency proceedings. ICICI Bank's insolvency plea was admitted in June, with Bhuvan Madan..
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NCLT initiates insolvency against Himalayan Mineral Water

The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Himalayan Mineral Waters. This decision comes as a response to Jammu & Kashmir Bank's plea..
IndiaTimes - Published

SC gives PIL-lawyer Bhushan a lesson in public interest; terms a PIL argued by him as personal interest plea

Veteran advocate Prashant Bhushan, who argued several important public interest litigations resulting in landmark decisions from constitutional courts, on Thursday was called out by the Supreme Court..
IndiaTimes - Published

Desai co defaulted on debt, NCLT had admitted case


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NCLT allows GoFirst to use leased planes; setback to lessors


IndiaTimes - Published

Lavasa, India’s first pvt hill station, sold for Rs 1.8k crore

The NCLT order approving the resolution plan submitted by Darwin came after the lenders voted in favour of the resolution plan. It envisages a payout of Rs 1,814 crore over eight years; it includes Rs..
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Relief for Antrix as Dutch court junks Devas plea

In a big relief for Isro’s commercial arm Antrix against its legal fight against Bengalurubased Devas Multimedia, a court in the Netherlands on Tuesday upheld the liquidation orders of the company by..
IndiaTimes - Published

Setback to aircraft lessors: NCLAT upholds Go First bankruptcy proceedings

Lessors will not be able to repossess their aircraft from Go First for now. The National Company Law Appellate Tribunal (NCLAT) on Monday upheld National Company Law Tribunal’s (NCLT) May 10 order..
IndiaTimes - Published

NCLT admits Go First plea for insolvency; imposes moratorium on assets

The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s plea for voluntary insolvency. A moratorium has been imposed the moratorium, meaning the airline’s lenders and other..
IndiaTimes - Published

Noida, Greater Noida's 20,000 homebuyers get massive relief as NCLT nods to Suraksha's takeover of Jaypee Infratech

Noida news: The Suraksha Group will deliver these units to homebuyers within the stipulated time frame. The committee will monitor the progress of the construction of units.
DNA - Published

Why PIL by lawyers when NCLT members accepted 3-year tenure, asks Supreme Court


IndiaTimes - Published

Supertech declared bankrupt, leaves homebuyers in a limbo

NCLT on Friday initiated insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group.
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