NCLATNational Company Law Appellate Tribunal (India)
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When the matter was mentioned before the NCLAT bench on Tuesday, the appellate tribunal asked it to list on some other day due to the paucity of time.
Similarly, it is unclear if the NCLAT, which deals with matters related to company disputes and governance, will have the expertise to deal with matters related to anti-competitive practices," a PRS India analysis says.
The NCLAT had allowed banks to declare their loans as NPA but the banks can't start recovery proceedings.
NCLAT also directed IL&FS to submit all details of the arbitration proceedings going against it and its 348 group companies.
The NCLAT, however, dismissed another petition filed by the Mistry family's investment firms on maintainability, saying the firms do not have more than 10 per cent in Tata Sons.
The appointment of three more judicial members and as many technical members will help meet the mandate provided to NCLAT by the Finance Act 2017, the Companies Act 2013 and the Insolvency and Bankruptcy Code 2016.
Cyrus P Mistry has also moved NCLAT in his personal capacity against his removal.
The National Company Law Appellate Tribunal (NCLAT) on Friday asked US fast food giant McDonald's and its estranged Indian JV partner Vikram Bakshi to consider settling their dispute among themselves.
'86 Crore continues to be classified as 'Standard'in line with the NCLAT order dated February 25, 2019.
It challenged the debt-ridden firm before the National Company Law Appellate Tribunal (NCLAT).
New Delhi: The National Company Law Appellate Tribunal (NCLAT) will hear the plea over moratorium on dues recovery from IL&FS and group companies on 28th.