National Company Law Appellate Tribunal: GK, General Studies and Current Affairs

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 ..

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 ..

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 ..