Supreme Court Directs Amazon, Future To Urge NCLAT For Disposal Of Case

Supreme Court requested Amazon and Future Group to induce NCLAT for fast disposal of case The Supreme Court on Wednesday directed e-commerce firm Amazon and Future Group to induce Nationwide Firm Legislation Appellate Tribunal (NCLAT) for a speedy disposal of the case. Amazon had filed a plea in prime court docket in opposition to the …

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DHFL: NCLAT sets aside NCLT order that directed to consider Wadhwan’s second offer

The Nationwide Firm Legislation Appellate Tribunal (NCLAT) has put aside an earlier order of the Mumbai bench of the NCLT, which had directed the administrator of the debt-ridden DHFL to place the second settlement proposal by erstwhile promoter Kapil Wadhwan earlier than its lenders for consideration. The appellate tribunal noticed that NCLT has handed instructions …

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nclat: NCLAT asks DHFL lenders to reconsider resolution plan on avoidable transactions valuation aspect

In a major growth, appellate tribunal NCLAT on Thursday directed the lenders of DHFL to rethink their determination relating to the valuation of the monetary agency’s avoidable transactions whereas approving the insolvency resolution plan submitted by Piramal Capital & Housing Finance Ltd. Beneath the insolvency decision proceedings for the crisis-hit DHFL, Piramal Capital had emerged …

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