In a petition filed by Axis Bank, Standard Chartered Bank and ICICI Bank, the Chairman of NCLAT, today issued notice to IRP of Jaypee Infratech Ltd. thereby observing that NCLT does not have requisite jurisdinction to declare any land transfer… Read More ›
Jaypee Infratech granted conditional stay on liquidation by SC, subject to deposit of Rs. 1,000 crores by 15 june 2018.
In a pending litigation initiated by home buyers of various projects of Jaypee Infratech before the Supreme Court of India, i.e. Chitra Sharma & Ors. Versus Union of India & Ors., the court on 16th of May 2018, has granted… Read More ›
NCLAT – Corporate Insolvency Resolution Process cannot be initiated against a company if winding-up process already initiated by High Court.
In a judgment passed by the National Company Law Appellate Tribunal, on 02.02.2018, it is now clarified that the Corporate Insolvency Resolution Process cannot be initiated against a company if winding-up process has already been initiated by High Court. The… Read More ›
The Supreme Court of India, in its judgment dated 15th December 2017, has overruled a decision of the National Company Law Appellate Tribunal (NCLAT) in Macquarie Bank Limited Appellant Vs. Uttam Galva Metallics Limited, which laid down that statutory demand… Read More ›