New Delhi, March 29 (IANS) The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BSE, ruling that insolvency courts have the authority to order the defreezing of Demat accounts of companies undergoing insolvency proceedings.In its order, a two-member bench of the appellate tribunal said the National Company Law Tribunal (NCLT) has clear jurisdiction under Section 60(5) of the Insolvency and Bankruptcy Code (IBC) to hear such matters and pass necessary directions….
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New Delhi, Feb 22 (IANS) The Supreme Court is slated to hear on Monday appeals filed by Meta Platforms and WhatsApp LLC challenging a National Company Law Appellate Tribunal (NCLAT) order that upheld a Rs 213.14 crore penalty imposed by the Competition Commission of India (CCI) over the messaging platform’s 2021 privacy policy and data‑sharing practices.As per the causelist published on the apex court’s official website, the matter is listed before a Special Bench of Chief Justice of India…
New Delhi, Dec 29 (IANS) The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday.The strengthening of NCLT and NCLAT manpower along with other legal reforms are expected to reduce the burden on the judiciary, according to the ICR…