NCLAT said that the 'free of cost' copy of final order sent by NCLT registry in compliance with NCLT Rules is not a 'certified copy' of the order for the purpose of filing an appeal.
Amending a plea - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Setting aside an order passed by the National Company Law Tribunal (NCLT), New Delhi bench, the National Company Law Appellate Tribunal (NCLAT) ruled that the bank guarantee provided by Canara Bank is held to be covered by the exception provided in provisions of section 14(3)(b) of the Insolvency and Bankruptcy Code (IBC) and the moratorium prescribed under section 14(1) of IBC, 2016 will not apply to the encashment of the bank guarantee.
NCLAT rules in favour of Amalgamations Ltd., rejects appeal filed by minority shareholder thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
IndusInd Bank has withdrawn its insolvency resolution application against Coffee Day Global after assigning its loans to asset reconstruction company ASREC (India). The withdrawal was allowed by the National Company Law Appellate Tribunal (NCLAT) in Chennai. Coffee Day Global owns 495 Café Coffee Day outlets and has a debt of Rs 960 crore ($130 million) as of March 2022. This development comes as Coffee Day Enterprises is facing its own insolvency resolution application.