Tribunals/Commissions/Regulatory Bodies Archives | Page 53 of 78

Case Briefs Tribunals/Commissions/Regulatory Bodies

Application under Sections 7, 9 or 10 I&B Code not adversarial litigation; NCLT not required to record detailed decision thereunder: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)

Case Briefs Tribunals/Commissions/Regulatory Bodies

No reduction in fine imposed under Section 92(5) of Companies Act as Directors not disclosing their accounts: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)

Case Briefs Tribunals/Commissions/Regulatory Bodies

No restriction on conversion of Tata Sons to private limited company; was a ‘hybrid’ company all along: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)

Case Briefs Tribunals/Commissions/Regulatory Bodies

Exemption granted from application of Section 3(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Securities and Exchange Board of India (SEBI): G. Mahalingam, whole time Member, in this order granted exemption from application of Section 3(2)

Case Briefs Tribunals/Commissions/Regulatory Bodies

Agreement between consumer and service provider does not qualify as ‘agreement’ contemplated under Section 3(3) of Competition Act: CCI

Competition Commission of India(CCI): A four-member bench comprising of Sudhir Mital, Chairperson and Augustine Peter, U.C. Nahata and Justice G.P. Mittal, Members

Case Briefs Tribunals/Commissions/Regulatory Bodies

Limitation on initiation of ‘process’ by financial creditor to be counted from the date when Section 7 I&B Code came into force: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)

National Consumer Disputes Redressal Commission

Case Briefs Tribunals/Commissions/Regulatory Bodies

Consumer Protection Act, 1986 is not meant to be a tool to obtain wrong gains or to create ‘nuisance value’

National Consumer Disputes Redressal Commission (NCDRC): A Division Bench of Dr S.M. Kantikar and Dinesh Singh, Members, dismissed a revision petition filed

Case Briefs Tribunals/Commissions/Regulatory Bodies

Non-compliance of SEBI directions seriously compromise regulatory framework; leniency in penalty would defeat intent of Section 15-HB SEBI Act: SEBI

Securities and Exchange Board of India (SEBI): A single member bench comprising of Santosh Shukla, Chief General Manager (Adjudicating Officer) exercised his

Case Briefs Tribunals/Commissions/Regulatory Bodies

If ‘debt’ has been ‘disputed’, question of default doesn’t arise; orders under Section 9 I&B Code quashed: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice A.I.S. Cheema, Member (Judicial), allowed

Case Briefs Tribunals/Commissions/Regulatory Bodies

Disputed question of facts cannot be determined by NCLT; application under Section 9 I&B Code rejected: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)

Case Briefs Tribunals/Commissions/Regulatory Bodies

A genuine claim is not to be rejected by the insurer only on account of delay in its submission

National Consumer Disputes Redressal Commission (NCDRC): A Singh Member Bench of V.K. Jain, Member, dismissed a revision petition filed against the order

Case Briefs Tribunals/Commissions/Regulatory Bodies

CCI dismisses the allegation of ‘anti-competitive’ practice against Timex Group

Competition Commission of India (CCI): The Bench comprising of Sudhir Mital, Chairperson and Augustine Peter, U.C. Nahta and G.P. Mittal, Members, while

Case Briefs Tribunals/Commissions/Regulatory Bodies

Appeal filed under I&B Code by ‘suspended’ Board of Directors—held not maintainable: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya and Balvinder Singh, Member (Technical) restored the Corporate

Case Briefs Tribunals/Commissions/Regulatory Bodies

NHRC issues notice to Delhi Govt and Police Commissioner, Delhi over sexual assault of minor in a government school

National Human Rights Commission: NHRC has taken suo motu cognizance of a media report that a six year old girl, studying in

Case Briefs Tribunals/Commissions/Regulatory Bodies

SEBI directs appointment of forensic auditor under Section 11 of SEBI Act on suspicion of misuse of books of accounts and misrepresentation of financials

Securities and Exchange Board of India (SEBI), Mumbai: The whole-time Member of SEBI, Madhabi Puri Buch addressed the issue of whether there

Case Briefs Tribunals/Commissions/Regulatory Bodies

I&B Code overrides Companies Act; Insolvency Resolution Process cannot be defeated by taking resort to internal dispute: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)

Case Briefs Tribunals/Commissions/Regulatory Bodies

Directors of the ‘Corporate Debtor’ held to be ‘Financial Creditor’ against the same company in light of outstanding unsecured debt: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial),

Case Briefs Tribunals/Commissions/Regulatory Bodies

SCC Times

Tribunals/Commissions/Regulatory Bodies

Application under Sections 7, 9 or 10 I&B Code not adversarial litigation; NCLT not required to record detailed decision thereunder: NCLAT

No reduction in fine imposed under Section 92(5) of Companies Act as Directors not disclosing their accounts: NCLAT

No restriction on conversion of Tata Sons to private limited company; was a ‘hybrid’ company all along: NCLAT

Exemption granted from application of Section 3(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Agreement between consumer and service provider does not qualify as ‘agreement’ contemplated under Section 3(3) of Competition Act: CCI

Limitation on initiation of ‘process’ by financial creditor to be counted from the date when Section 7 I&B Code came into force: NCLAT

Consumer Protection Act, 1986 is not meant to be a tool to obtain wrong gains or to create ‘nuisance value’

Non-compliance of SEBI directions seriously compromise regulatory framework; leniency in penalty would defeat intent of Section 15-HB SEBI Act: SEBI

If ‘debt’ has been ‘disputed’, question of default doesn’t arise; orders under Section 9 I&B Code quashed: NCLAT

Disputed question of facts cannot be determined by NCLT; application under Section 9 I&B Code rejected: NCLAT

A genuine claim is not to be rejected by the insurer only on account of delay in its submission

CCI dismisses the allegation of ‘anti-competitive’ practice against Timex Group

Appeal filed under I&B Code by ‘suspended’ Board of Directors—held not maintainable: NCLAT

NHRC issues notice to Delhi Govt and Police Commissioner, Delhi over sexual assault of minor in a government school

SEBI directs appointment of forensic auditor under Section 11 of SEBI Act on suspicion of misuse of books of accounts and misrepresentation of financials

I&B Code overrides Companies Act; Insolvency Resolution Process cannot be defeated by taking resort to internal dispute: NCLAT

Directors of the ‘Corporate Debtor’ held to be ‘Financial Creditor’ against the same company in light of outstanding unsecured debt: NCLAT

Proceedings under Section 9 I&B Code quashed in absence of Demand Notice in terms of Section 8(1): NCLAT

Induction of the ‘assignee’ in committee of creditors quashed holding him to be a ‘related party’: NCLAT

Every ‘interest’ on principal amount is not included in ‘debt’; application under Section 9 I&B Code rejected: NCLAT