Monday, 24 January, 2022

Topic: NCLT

Govt ‘cherry picking’ appointments of tribunal members, our selection ‘waste of time’, SC says

Modi govt claims it had notified 84 appointments in three different tribunals —NCLT, AFT and ITAT — on 12 September. It was pulled up even for these appointments.

Jet Airways to fly again as NCLT clears Jalan Kalrock Consortium’s resolution plan

Jet Airways, which suspended operations in April 2019, has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.

Delhi Gymkhana board moves SC, says govt shouldn’t be concerned with affairs of private clubs

Delhi Gymkhana's appeal says clubs have absolute freedom to govern themselves in accordance with their charters & courts have limited scope of judicial review in the matter of clubs' functioning

Govt braces for rise in Covid-related bankruptcy cases come April, banks on ‘prepackaged’ deals

Parliamentary Standing Committee on Finance chairman Jayant Sinha says prepackaged bankruptcy and efficient solutions for MSMEs are policy areas in consideration.

Failure party, bad reputation — what NCLAT ex-chief said about firm whose parent he now advises

During his tenure as the NCLAT chief, Justice Mukhopadhaya presided over several cases in which the Liberty House group was a bidder for insolvent companies.

Anil Ambani in trouble as NCLT agrees to hear SBI plea to start personal bankruptcy process

If NCLT admits Anil Ambani into the bankruptcy process, a list of all claims against him will be compiled and a repayment plan will be worked out, according to rules.

Delhi Gymkhana moves NCLAT, says clubs have absolute freedom to govern themselves

At NCLAT, Delhi Gymkhana Club challenges 26 June order passed by NCLT, which had directed the government to appoint two members on the club's general committee.

Delhi Gymkhana has become a bar, ‘hereditary club’, Modi govt tells company law tribunal

In its submissions before the NCLAT seeking control of management of Delhi Gymkhana club, the government states that the club is ‘an ugly example of nepotism in a democratic country’.

RBI has chosen the easy path, but it won’t solve structural problems in financial sector

RBI’s regulatory measures to allow banks to lend more to some sectors may help revive credit for a quarter or so, but they don’t address fundamental issues.

Company law tribunal admits RBI plea to begin bankruptcy proceedings against DHFL

The debt-ridden DHFL owes Rs 92,715.45 crore to the RBI, and is set to be the first financial services firm to be resolved through the bankruptcy code.

On Camera


Liberals mourning India Gate flame must also recall some dark aspects of the colonial Army

The moving of the flame seems, to some, as part of an ongoing extinguishing of the Indian Army’s heritage of secularism, decency and righteousness.

South-East Asia’s SMEs are underperforming. Their ‘digital revolution’ depends on fintech

Digitisation of South-East Asia's economy during the pandemic is uneven. The growth in digital services has favoured individual consumers, not SMEs.


File photo of Scorpene-class submarine 'INS Vela', at the Naval Dockyard in Mumbai | ANI

Kamov choppers, submarine torpedoes among deals defence ministry will review this week

Ministry is reviewing all procurement under the ‘Buy (Global)’ category, under which equipment is bought directly from foreign manufacturers, amid govt's 'Atmanirbhar' push.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.