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"The said paragraph reads as under, '(f) The AA/NCLT cannot permit any person - Tom, Dick, and Harry' to represent and defend the respondent u/s-7 of IBC, as the rules do not permit it," the court noted.(HT File Photo)

'Not allowed': Delhi HC raps petitioner for using 'Tom, Dick and Harry' in plea

ANI |
PUBLISHED ON MAR 02, 2021 05:18 PM IST
A single-judge bench of Justice Prathiba M Singh was hearing a petition filed by Group Captain Atul Jain against the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT)
Tata Sons had moved the top court seeking to restrain the Mistry group from raising capital against their shares. It sought to prevent SP Group from creating any direct or indirect pledge of shares.(HT Archive)
Tata Sons had moved the top court seeking to restrain the Mistry group from raising capital against their shares. It sought to prevent SP Group from creating any direct or indirect pledge of shares.(HT Archive)

Tata-Mistry case: Supreme Court fixes final hearing on December 2

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
UPDATED ON NOV 18, 2020 09:01 PM IST
A bench headed by Chief Justice SA Bobde questioned senior advocate C A Sundaram, appearing for Cyrus Mistry and his firms, for filing applications repeatedly when the case was already listed for final hearing.
A bench of justices AS Bopanna and Hrishikesh Roy tagged the petition along with the appeals filed by Tata Sons in January challenging the NCLAT verdict. Both appeals will now be heard together.(Amal KS/HT Photo)
A bench of justices AS Bopanna and Hrishikesh Roy tagged the petition along with the appeals filed by Tata Sons in January challenging the NCLAT verdict. Both appeals will now be heard together.(Amal KS/HT Photo)

SC issues notices to Tata in Mistry’s cross-appeal case

Hindustan Times, New Delhi | By Murali Krishna
UPDATED ON MAY 30, 2020 07:29 AM IST
The notices were issued on a plea moved by the two firms against a December 2019 ruling by the National Company Law Appellate Tribunal (NCLAT).
FILE PHOTO: The logo of India's e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration/File Photo(REUTERS)
FILE PHOTO: The logo of India's e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration/File Photo(REUTERS)

Appellate tribunal revokes insolvency case against Flipkart

Livemint, New Delhi | By Press Trust od India
PUBLISHED ON FEB 28, 2020 12:34 AM IST
A three-member bench of the NCLAT released Flipkart from the corporate insolvency resolution process and directed the Interim Resolution Professional (IRP) appointed by NCLT to hand over the records and assets of the company back to its promoter immediately.
Tata Group Deputy Chairman Cyrus Mistry attends the annual general meeting of Tata Steel Ltd., in Mumbai August 14, 2012.(File photo: Reuters)
Tata Group Deputy Chairman Cyrus Mistry attends the annual general meeting of Tata Steel Ltd., in Mumbai August 14, 2012.(File photo: Reuters)

In tribunal’s order that reinstated Cyrus Mistry, Supreme Court spots a flaw

Hindustan Times, New Delhi | By Murali Krishnan
UPDATED ON JAN 10, 2020 04:07 PM IST
A bench led by Chief Justice of India SA Bobde stayed the National Company Law Appellate Tribunal, or NCLAT, had granted relief to Cyrus Mistry that he hadn’t even asked for.
Tata Sons Ltd on Thursday challenged in the Supreme Court a December 18, 2019, order by the National Company Law Appellate Tribunal (NCLAT) reinstating Cyrus Mistry as the executive chairman of Tata Sons Limited and as a director on the boards of other Tata group companies.(Reuters image)
Tata Sons Ltd on Thursday challenged in the Supreme Court a December 18, 2019, order by the National Company Law Appellate Tribunal (NCLAT) reinstating Cyrus Mistry as the executive chairman of Tata Sons Limited and as a director on the boards of other Tata group companies.(Reuters image)

Tata Sons move SC against NCLAT order on Cyrus Mistry

Hindustan Times, New Delhi | By Murali Krishnan
PUBLISHED ON JAN 02, 2020 11:32 PM IST
The appeal said that the NCLAT order was completely inconsistent with the annals of corporate law and would set a dangerous legal precedent.
Cyrus Mistry, who took over as Chairperson of Tata Sons, the holding company of Tata group in December 2012 was removed from the post on October 24, 2016.(REUTERS)
Cyrus Mistry, who took over as Chairperson of Tata Sons, the holding company of Tata group in December 2012 was removed from the post on October 24, 2016.(REUTERS)

NCLAT order on Cyrus Mistry inconsistent, sets dangerous legal precedent: Tata Sons

Hindustan Times, New Delhi | By Murali Krishnan
UPDATED ON JAN 02, 2020 04:44 PM IST
The NCLAT judgment, Tata Sons submitted, is detrimental to the interest of Tata Sons and its members for its failure to discuss the reasoning and findings of the judgment of National Company Law Tribunal (NCLT) which had ruled in favour of the firm.
Cyrus Mistry was reinstated as executive chairman of Tata Sons by the National Company Law Appellate Tribunal (NCLAT) on December 18, 2019.(PTI File Photo)
Cyrus Mistry was reinstated as executive chairman of Tata Sons by the National Company Law Appellate Tribunal (NCLAT) on December 18, 2019.(PTI File Photo)

‘Sets dangerous precedent’: Tata Sons petitions SC against order on Cyrus Mistry

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 16, 2020 01:53 AM IST
The two-memberNCLAT bench had ruled that Cyrus Mistry’s 2016 ouster was illegal and his successor N Chandrasekaran would have to return the business group’s leadership to him.
Cyrus P Mistry(Mint)
Cyrus P Mistry(Mint)

NCLAT restores Cyrus Mistry’s chairmanship of Tata Sons

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 19, 2019 01:35 AM IST
The tribunal has stayed the restoration of Mistry’s chairmanship for four weeks, to facilitate an appeal, but not some of the other key decisions.
Tata Group Chairman Emeritus Ratan Tata(PTI file photo)
Tata Group Chairman Emeritus Ratan Tata(PTI file photo)

Tata Sons to take appropriate legal recourse on NCLAT order

Mumbai | By Indo Asian News Service
UPDATED ON DEC 18, 2019 08:26 PM IST
After three years, Mistry on Wednesday made a comeback via a NCLAT order restoring him as the Executive Chairman of the conglomerate.
Essar Steel was auctioned under the new Insolvency and Bankruptcy Code (IBC) to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.(Biplov Bhuyan/HT PHOTO)
Essar Steel was auctioned under the new Insolvency and Bankruptcy Code (IBC) to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.(Biplov Bhuyan/HT PHOTO)

SC puts on hold Essar Steel sale to ArcelorMittal

New Delhi | By Press Trust of India
PUBLISHED ON JUL 22, 2019 06:25 PM IST
The Supreme Court bench was hearing a plea by CoC of Essar Steel challenging NCLAT’s July 4 order which approved steel tycoon Lakshmi Mittal-led ArcelorMittal’s Rs 42,000 crore bid for acquiring the debt-laden firm.
If IL&FS fails to pay the interest amount of Rs 25 crore due to the bank, it will be classified as an NPA account as per the RBI guidelines(HT File Photo)
If IL&FS fails to pay the interest amount of Rs 25 crore due to the bank, it will be classified as an NPA account as per the RBI guidelines(HT File Photo)

IL&FS crisis: IndusInd Bank moves to NCLAT to recover Rs 25 crore interest

Press Trust of India | By Press Trust of India
UPDATED ON NOV 07, 2018 12:01 AM IST
The appellate tribunal has directed to list the matter on November 13, when it would hear the main matter. Last month, the government superseded the board of IL&FS to protect the interest of investors.
A two-member bench of the NCLAT on October 15, 2018, stayed all proceedings against IL&FS and other group companies till further order on an urgent petition moved by the ministry of corporate affairs.(Reuters File)
A two-member bench of the NCLAT on October 15, 2018, stayed all proceedings against IL&FS and other group companies till further order on an urgent petition moved by the ministry of corporate affairs.(Reuters File)

NCLAT stays proceedings against IL&FS, group companies till further order

New Delhi | By Press Trust of India
PUBLISHED ON OCT 15, 2018 02:19 PM IST
The NCLAT order came on an urgent petition moved by the ministry of corporate affairs after the Mumbai bench of NCLT had turned down its plea for 90 days moratorium over the loans taken by the IL&FS and its subsidiaries.
File photo of Cyrus Mistry speaking to shareholders during the Tata Consultancy Services (TCS) annual general meeting in Mumbai June 28, 2013.(REUTERS File Photo)
File photo of Cyrus Mistry speaking to shareholders during the Tata Consultancy Services (TCS) annual general meeting in Mumbai June 28, 2013.(REUTERS File Photo)

NCLAT admits Cyrus Mistry’s plea against order upholding his removal from Tata Sons

New Delhi | By Press Trust of India
UPDATED ON AUG 29, 2018 01:31 PM IST
Mistry had yesterday filed the petition in his personal capacity, requesting the appellate tribunal to set aside the impugned July 9 order of the National Company Law Tribunal.
A man speaks on his mobile phone as he walks past a closed shop painted with an advertisement of Reliance Communications in Mumbai.(Reuters File Photo)
A man speaks on his mobile phone as he walks past a closed shop painted with an advertisement of Reliance Communications in Mumbai.(Reuters File Photo)

RCom shares, bonds jump after NCLAT halts insolvency proceedings

Bloomberg | By HT Correspondent
PUBLISHED ON MAY 31, 2018 02:21 PM IST
RComshares have surged nearly 80% in the past two weeks amid rising optimism that the carrier would contest the insolvency order and be able to close the deal to sell airwaves, towers and fiber assets to Jio,
A man opens the shutter of a shop painted with an advertisement of Reliance Communications in Mumbai, India.(Reuters File Photo)
A man opens the shutter of a shop painted with an advertisement of Reliance Communications in Mumbai, India.(Reuters File Photo)

RCom offers Rs 500 cr to Ericsson, NCLAT to stay insovency proceedings

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON MAY 29, 2018 05:35 PM IST
The NCLAT has listed Wednesday for the hearing of the interim prayer of RCom to stay the NCLT order which has directed to start insolvency proceedings against it, based on Ericsson’s plea.
Tower cranes operate in a residential building construction site at a Jaypee Infratech Ltd project in Noida, Uttar Pradesh.(Prashanth Vishwanathan/Bloomberg)
Tower cranes operate in a residential building construction site at a Jaypee Infratech Ltd project in Noida, Uttar Pradesh.(Prashanth Vishwanathan/Bloomberg)

NCLAT admits banks’ petition over Jaypee Infratech land

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON MAY 24, 2018 01:57 PM IST
The NCLAT was hearing the appeal over the order of the Allahabad bench of the NCLT, which had asked debt-ridden Jaiprakash Associates Ltd to return nearly 760 acres of land to its subsidiary Jaypee Infratech.
FILE PHOTO: Waste metal is seen at Tata Steel's new robotic welding line at their Automotive Service Centre in Wednesfield, Britain, February 15, 2017. REUTERS/Darren Staples/File Photo(Reuters File Photo)
FILE PHOTO: Waste metal is seen at Tata Steel's new robotic welding line at their Automotive Service Centre in Wednesfield, Britain, February 15, 2017. REUTERS/Darren Staples/File Photo(Reuters File Photo)

NCLAT declines to stay Bhushan Steel sale to Tata Steel, issues notices

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON MAY 21, 2018 01:19 PM IST
An NCLAT bench headed by Chairman Justice S J Mukhopadhaya issued notices to Tata Steel, the resolution professional and the Committee of Creditors of Bhushan Steel, on a petition challenging the sale filed by its promoter Neeraj Singal.
Essar Steel had a debt of Rs 49,000 crore and was referred to NCLT in June last year.(Reuters File Photo)
Essar Steel had a debt of Rs 49,000 crore and was referred to NCLT in June last year.(Reuters File Photo)

NCLAT to hear NuMetal, ArcelorMittal petition in Essar Steel case on May 17

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON APR 27, 2018 12:37 PM IST
In the petition, NuMetal said the Ahmedabad-bench of NCLT had disqualified ArcelorMittal India Ltd from bidding to acquire Essar Steel, on grounds that it was a promoter company of firms that had defaulted on payment of bank loans.
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