Companies Act
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NCLAT mandates NCLT to accept submissions of affidavit before pronouncement of its judgement
NCLAT set aside NCLT Chennai Bench mandating NCLT to accept the submission of affidavit before judgement is pronounced in compliance…
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Disqualification of Director – Options available to individual directors?
As we all are aware that in September, 2017 the government of India steps up its fight against the black…
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NCLAT mandates to comply with Company Act procedures while executing arbitral award
NCLAT, Delhi mandates necessary compliances under the Companies Act, 2013 while giving effect to the arbitral award. NCLAT further clarifies…
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NCLT levied penalty for not obtaining prior approval for related party transactions
NCLT Ahmedabad has levied penalty of Rs. 50,000/- on Maheshwari Logistics Pvt Ltd (Petitioner) under Section 629A of Company Act…
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Valuation report can be rejected by NCLT if it is patent illegality or fraud but not due to parties’ dissatisfaction
NCLT held that valuation report challenged on the ground of patent illegality, fraud, collusion or partiality. NCLT had rejected the…
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HC: Sufficient documents on record are required to controvert Petitioner allegations
HC, Bombay Bench held that Sufficient documents on record are required to controvert Petitioner allegations. HC dismissed the winding up…
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HC: Sec. 466 empowers Court to permanently or temporarily suspend the winding up process, no provision mandates winding up order to culminate into Dissolution order
HC of Karnataka states that there is no compulsion in law that winding up order must finally culminate into Dissolution…
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Ray of Hope for Cyrus Mistry, NCLAT grants waiver on filing criteria, however, dismisses maintainability plea
NCLAT dismisses Cyrus Mistry maintainability plea, however, grants waiver in the matter of filing criteria of having 10% shares. NCLAT…
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