Karnataka High Court, Byju’s The Board of Control for Cricket in India (BCCI) on Friday told the Karnataka High Court that co-founder of edtech firm Byju’s, Byju Raveendran, had been “continuously misleading” the Court on the issue of its insolvency proceedings. Solicitor General Tushar Mehta, who appeared for BCCI, told Justice SR Krishna Kumar that …
NCLAT Chennai A heated exchange took place on Tuesday at the Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) after a lawyer pointed out to the tribunal that the Karnataka High Court has ordered the NCLAT to list a case on priority. Justice Sharad Kumar Sharma, who was heading the NCLAT Bench, questioned …
The suspended board of debt-ridden Jaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. The suspended board of debt-ridden Jaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. (Picture for representational …
NCLAT The National Company Law Appellate Tribunal (NCLAT) on May 27 upheld the resolution plan proposed by Adani Goodhomes to take over bankrupt real estate company, Radius Estates [Beacon Trusteeship Ltd v. Jayesh Sanghrajka & Ors and connected petitions] A coram of Chairperson Justice Ashok Bhushan and technical member Barun Mitra rejected the challenge raised …
MUMBAI : The National Company Law Appellate Tribunal has dismissed an appeal by non-bank financier Authum Investment and Infrastructure challenging a bankruptcy tribunal order that had rejected its objections to a resolution plan for two Srei companies. The National Company Law Tribunal had in August approved a resolution plan submitted by National Asset Reconstruction Co. …
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Friday denied a plea from Axis Finance and IDBI Bank for a stay on the merger between Zee Entertainment Enterprises (ZEEL) and Sony Pictures Networks India. The tribunal issued a notice to ZEEL, emphasizing that the progress of the merger hinges on court decisions. It, …
NCLAT The National Company Appellate Law Tribunal (NCLAT) at Delhi on Friday ruled that the National Financial Reporting Authority (NFRA) has retrospective powers to investigate allegations of misconduct by financial auditors. A coram of Judicial Member Rakesh Kumar Jain and Technical Member Naresh Salecha added that while Institute of Chartered Accountants of India (ICAI) has …
Sony Group Corp’s India unit and Zee Entertainment Enterprises Limited (ZEEL) expect to close the pending merger deal – billed as one of the biggest in the country’s media industry – as early as next month, multiple people familiar with the progress of the proposed transaction told ET. One of the sources said that despite …
The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned the hearing to October 13 on a plea filed by Axis Finance against the merger of Zee Entertainment Enterprise Ltd (ZEEL) with Culver Max Entertainment, formerly Sony Pictures Networks India. The appellate tribunal on Friday will hear another plea filed by private lender IDBI Bank, …
The Supreme Court dismissed a petition by Naina Desai, widow of late art director Nitin Desai, seeking a review of the National Company Law Appellate Tribunal (NCLAT) order allowing bankruptcy proceedings against their company. Nitin Desai had been found dead in his Karjat studio on August 2, a day after the NCLAT dismissed his plea …