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Ministry of Corporate Affairs: Amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
https://www.mca.gov.in/bin/dms/getdocument?mds=qTyAFp6vBFvAIie1mgFTbg%253D%253D&type=open    As per the Notification dated...
Oct 16, 2024
NCLAT Revives Section 9 IBC Application, Citing Failure to Provide Notice for Defect Rectification
NCLAT : Under IBC, it is obligatory to give notice to the Applicant to rectify the defect in the Sec 9 Application,  within seven days...
Oct 13, 2024
NCLT Dismisses Arbitration Request in Simpl Founders' Dispute, Citing Oppression and Mismanagement Claims
Mumbai: In a dispute between the two founders of fintech startup, Simpl, the National Company Law Tribunal [NCLT] has held that dispute...
Oct 13, 2024
Winding up petitions filed in the High Court, which are at the initial stage and no Provisional/Official Liquidator has been appointed, to be transferred to National Company Law Tribunal [NCLT]
A petition was filed in 2015, in the Hon’ble Delhi High Court for winding up of the Respondent-Company. The pleadings were...
Oct 13, 2024
Can Sole Proprietorship firms amalgamate with a Company? NCLT says No
In a case before the NCLT, the Applicant, a company registered under the Companies Act, 2013, took over the business of a sole proprietor...
Oct 13, 2024
SC quashes NCLAT decision on CIRP proceedings when legitimate disputes exist
The Supreme Court, in Kay Bouvet Engineering v Overseas Infrastructure Alliance, has held that an adjudicating authority must reject an...
Aug 17, 2021
The NCLAT has held that the IBC will overide the SARFAESI Act
The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held in Indian Overseas Bank v. RCM Infrastructure Ltd. and Ors. that...
May 31, 2021
SC upholds notification allowing banks to proceed against personal guarantors under the IBC
The Supreme Court of India has upheld the validity of a November 2019 notification by the Central Government, permitting creditors to...
May 22, 2021
The Ministry of Corporate Affairs has introduced additional disclosures and regulatory actions
The Ministry of Corporate Affairs has introduced additional disclosure requirements and regulatory actions related to companies through...
Apr 5, 2021
MCA Update: Supreme Court
The Supreme Court has held that minority shareholders are not automatically entitled to a seat on a private company ’ s board In Tata...
Apr 2, 2021
NCLT has jurisdiction to adjudicate contractual disputes arising from insolvency of corporate debtor
The Supreme Court has held that the National Company Law Tribunal has jurisdiction to adjudicate contractual disputes, which arise solely...
Mar 9, 2021
IBC Update
Parallel proceedings cannot proceed under Section 138 of the Negotiable Instruments Act if order of moratorium passed under IBC The...
Mar 1, 2021
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