National Company Law Appellate Tribunal Current Affairs, GK & News
Virtual Courts in India Should Stay: Panel
The Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice recommended to continue the virtual courts for some specific categories of cases even after the COVID-19 pandemic is over. The panel underlined that ‘Digital Justice’ is cheap, fast and citizen friendly. It increases the accessibility. It also addresses locational and economic challenges that public ..
Month: Current Affairs - September, 2020
Category: Legal & Constitution Current Affairs
Topics: E-courts In India • Indian Judiciary • IPAB • National Company Law Appellate Tribunal • Supreme court • Supreme Court (Number of Judges) Act • virtual courts
JSW Steel Ltd permitted to acquire Bhushan Power & Steel Ltd
Mumbai-based Indian steel making company, JSW Steel Ltd recently approved permission from the National Company Law Appellate Tribunal on Monday (NCLAT) to acquire Bhushan Power & Steel Ltd. While JSW steel is to acquire the firm for Rs 19,700 crore, it would be immuned from the acts of former promoters of the Bhushan Power, as ..
Topics: Enforcement Directorate • JSW Steel Ltd • Money Laundering • National Company Law Appellate Tribunal • Supreme court
NCLAT on the IBC and PMLA
In a case related to Rotomac Global Private Limited, the National Company Law Appellate Tribunal (NCLAT) has made following observations related to Insolvency and Bankruptcy Code (IBC) and Prevention of Money Laundering Act (PMLA): Prevention of Money Laundering Act (PMLA), 2002 can be invoked simultaneously with the Insolvency and Bankruptcy Code and neither of the ..
Topics: IBC • Insolvency and Bankruptcy Code • National Company Law Appellate Tribunal • NCLAT • PMLA • Prevention of Money Laundering Act