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.
On the previous date of hearing, Balbir Singh, Additional Solicitor General, had submitted that the process for appointment of candidates who have been selected pursuant to the procedure which was initiated in 2019 shall be expedited and orders of appointment shall be issued soon.
The Supreme Court on Wednesday issued notice in an appeal against the NCLAT order which had held that entries in the balance sheet of the company do not constitute an acknowledgement of liability in terms of Section 18 of the Limitation Act, 1963.
The Supreme Court has upheld the order of the Competition Commission of India and NCLAT, wherein it had found that Ola and Uber do not facilitate cartelization or anti-competitive practices between drivers, who are independent individuals, who act independently of each other.
The Supreme Court bench comprising Chief Justice S.A. Bobde, Justices A.S. Bopanna, and V. Ramasubramanian on Tuesday heard the cross-appeals filed by Tata Sons and Cyrus Investments against the National Company Law Appellate Tribunal’s (NCLAT) order which had restored Cyrus Mistry.....