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NCLAT reserves order on plea against CCI nod to Walmart-Flipkart deal

Saturday, January 26, 2019, 9:33 AM

The NCLAT has reserved its judgement over the petition filed by traders' body CAIT against fair trade regulator CCI's nod to Walmart's USD 16-billion acquisition of Flipkart. A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya concluded its hearing on Thursday after taking note of submissions made by both sides. "Hearing concluded. Judgment Reserved," said the NCLAT.
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NCLAT asks lenders of Jaypee Infratech to summarize their financial claims

Thursday, November 29, 2018, 7:58 PM

The National Company Law Appellate Tribunal (NCLAT) on Thursday asked all the financial creditors and the resolution professional (RP) for Jaypee Infratech to submit a summarized document on their financial claims by 20 December after which it'll decide on the matter. The appellate tribunal has also sought written submissions from each bank on what they mean by "preferential transaction".
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Surpreme Court Rejects Petition By Dalmia Group On Bid For Binani Cement

Tuesday, November 20, 2018, 9:11 AM

The SC dismissed the plea of a Dalmia Bharat Group firm challenging the NCLAT order allowing rival UltraTech Cement to acquire debt-ridden Binani Cement. A bench of justices R F Nariman and Navin Sinha upheld the NCLAT's last week order which had allowed the Aditya Birla group firm to acquire Binani Cement by approving its revised Rs.7,950.34Cr bid over an offer by Rajputana Properties.

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