NCLT postpones Valli Arunachalam case to July 1
April 23, 2021
Due to the present Covid-19 situation, the Tribunal is hearing only urgent matters
An application moved by Valli Arunachalam and her family before the National Company Law Tribunal (NCLT)-Chennai seeking waiver of the minimum shareholding requirement of 10 per cent for maintaining the alleged oppression and mismanagement case against Ambadi Investments, the holding company of the ₹38,100-crore Murugappa Group, and also its family members has been reposted to July 1, 2021.
The application was to come before the NCLT on Friday. However, due to the present Covid-19 situation, it is hearing only urgent matters.
NCLAT officiating chairperson, registrar test positive for COVID-19; tribunal prepones summer vacation
The officiating chairperson of the National Company Law Appellate Tribunal (NCLAT) along with its registrar and several staff members have tested positive for COVID-19, an official statement said.
In view of the coronavirus situation, the appellate tribunal has preponed its summer vacation, which will now begin from April 26 against the earlier scheduled June 7.
The Registry and e-filing of cases will remain functional during this period. Urgent matters will be taken up for hearing by the vacation court.
Justice A I S Cheema had been recently appointed by the government as the Officiating Chairperson of the NCLAT after the retirement of Justice B L Bhat.
CCD buzzing in grey market ahead of relisting: A trap or opportunity?
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Demand in India s car market to stay strong in FY22, says Motherson Group
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Synopsis
While commercial vehicle sales are beginning to come out of a trough, car sales are strong because of increasing consumer preference for personal mobility due to the pandemic, V C Sehgal, chairman of the Motherson Group, told ET.
Vivek Chaand Sehgal, Chairman
Demand in India’s car market is expected to remain strong in FY22 despite the recent surge in Covid cases and episodic lockdowns, the head of the country’s biggest auto-parts maker said Tuesday.
While commercial vehicle sales are beginning to come out of a trough, car sales are strong because of increasing consumer preference for personal mobility due to the pandemic, V C Sehgal, chairman of the Motherson Group, told ET.