Judicial Member Bhaskara Pantula Mohan shall take over as Acting President of the National Company Law Tribunal (NCLT) on Thursday June 10, 2021, for a period of three months or till joining of New President or till further orders whichever is earliest.
The petition was filed by Supreme Court Advocate Amrendra Kumar Singh through Advocate-On-Record Anand Mishra and drawn by Mukul Kumar Shrawat. Today Senior Advocate Pradeep Rai appeared for the petitioner.
The Supreme Court on Wednesday on Wednesday ordered a stay on the National Company Law Appellate Tribunal (NCLAT) order directing a probe by Competition Commission of India into allegations that Flipkart had abused its dominant position in the market while seeking the response.
The Supreme Court has accepted the proposal by SBICAP to provide Rs 625 crore towards the construction of six identified stalled Amrapali” projects from NOIDA and Greater NOIDA Group, covering around 7,000 residential units, and ensure that the unfinished projects are completed at the earliest.
The National Company Law Tribunal (NCLT) has given permission to pursue bankruptcy proceedings against Anil Ambani. This order has come against him due to the State Bank of India (SBI) not being able to recover loans of Rs 1,200 crore.
The Calcutta High Court has struck down the National Company Law Tribunal (NCLT) order directing all financial creditors to mandatorily file default record from Information Utility along with a plea under Section 7 of Insolvency & Bankruptcy Code.
On the earlier hearing in the matter, Senior Advocate Rakesh Dwivedi, appearing on behalf of the petitioner, submitted the grievance that the affidavit is of utmost importance, because whatever the CBI has alleged, has to be rebutted by the accused persons.