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Tribunals

NCLAT Dismisses Appeal Against EGM for Share Capital Increase in Insolvency Context — No Prima Facie Case for Injunction as RP Had Not Objected to Proposed Resolution Plan. The court held that the appellant, a financial creditor with 99.41% voting ...

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National Company Law Appellate Tribunal Upholds Mediated Consent Terms in Company Dispute Under Companies Act, 1956 -- Appeals by Appellant(s) and Accurate Engineering Company Pvt. Ltd. & Ors. Dismissed Due to Failure to Prove Coercion, Undue Influen...

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National Consumer Disputes Redressal Commission Allows Second Appeal Against Dismissal of Appeal Due to Delay, Subject to Payment of Costs. Delay of 137 days condoned on condition of paying Rs. 40,000 to complainant and depositing Rs. 10,000 in Legal...

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National Consumer Disputes Redressal Commission Allows Appeal Against Dismissal of Complaint for Non-Prosecution Due to COVID-19 Pandemic. Delay in Filing Process Caused by Court Closures and Advocate's Inability to Present Envelopes Held to Be Suffi...

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Tribunals

NCLAT Dismisses Appeal Against Assignment of Debt by Government Authority in CIRP. Assignment of operational debt by a government authority to a private entity is valid under the IBC, and the assignee becomes an operational creditor with voting right...