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Latest from national company law tribunal

NCLT can deal with the problem of struck-off companies

  • Karan Gulati is a research fellow with the corporate and financial regulation vertical and Manjushree RM is a research fellow with the competition team at the Vidhi Centre for Legal Policy The views are personal.
Constituted under the Companies Act 2013, NCLT was initially established to adjudicate on corporate disputes under the Act but was later saddled with additional caseload arising from cases of bad debt under the Insolvency and Bankruptcy Code, 2016 (IBC).
Constituted under the Companies Act 2013, NCLT was initially established to adjudicate on corporate disputes under the Act but was later saddled with additional caseload arising from cases of bad debt under the Insolvency and Bankruptcy Code, 2016 (IBC).
Published on Mar 02, 2022 03:31 AM IST
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ByHindustan Times

Zee approaches NCLAT, seeks more time to respond

Invesco Developing Markets Fund and OFI Global China Fund LLC, which own a combined 17.88% in Zee, have demanded a special shareholders’ meeting, which was rejected by the company’s board.
The unfolding corporate battle at Zee began after Invesco approached NCLT to direct the company’s board to hold an extraordinary general meeting to remove managing director and chief executive Punit Goenka as a director.(Mint)
The unfolding corporate battle at Zee began after Invesco approached NCLT to direct the company’s board to hold an extraordinary general meeting to remove managing director and chief executive Punit Goenka as a director.(Mint)
Published on Oct 07, 2021 07:44 AM IST
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Livemint | ByGopika Gopakumar, Mumbai

NCLT orders freeze on accounts, assets of Videocon group

  • In an order issued late in the evening, the tribunal has asked the promoter, Venugopal Dhoot, to disclose the moveable and immovable properties and bank accounts belonging to the group in India and abroad.
The ministry had approached the Mumbai bench against Venugopal Dhoot and other former directors and senior officials of Videocon Industries Ltd under Section 241 and 242 of the Companies Act(REUTERS)
The ministry had approached the Mumbai bench against Venugopal Dhoot and other former directors and senior officials of Videocon Industries Ltd under Section 241 and 242 of the Companies Act(REUTERS)
Published on Sep 01, 2021 07:15 AM IST
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ByGopika Gopakumar, Mumbai
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Friday, July 01, 2022