Judicial Member Bhaskara Pantula Mohan shall take over as Acting President of the National Company Law Tribunal (NCLT) on Thursday June 10, 2021, for a period of three months or till joining of New President or till further orders whichever is earliest.
On the previous date of hearing, Balbir Singh, Additional Solicitor General, had submitted that the process for appointment of candidates who have been selected pursuant to the procedure which was initiated in 2019 shall be expedited and orders of appointment shall be issued soon.
The defaulting Licensees/ TelCos cannot be permitted to wriggle out of their liabilities by resorting to triggering of CIRP by seeking initiation of CIRP under Section 10 of I&B Code
The Supreme Court on Wednesday issued notice in an appeal against the NCLAT order which had held that entries in the balance sheet of the company do not constitute an acknowledgement of liability in terms of Section 18 of the Limitation Act, 1963.
The Supreme Court has upheld the order of NCLAT by which it had dismissed the petition filed by Ramesh Kymal, former Chairman and Managing Director of Siemens Gamesa India
The Supreme Court has upheld the order of the Competition Commission of India and NCLAT, wherein it had found that Ola and Uber do not facilitate cartelization or anti-competitive practices between drivers, who are independent individuals, who act independently of each other.
On being asked by the parties to submit their objection, Senior Counsel Harish Salve said that he was also a part of the case and had no objection to CJI hearing the case.