The National Company Law Appellate Tribunal (NCLAT) on Thursday approved resolution framework for troubled IL&FS Group and sought the conclusion of resolution of all the entities, preferably within 90 days, while also clearing the formula for distribution of the sale proceeds to clear liabilities that add up to Rs 91,000 crore.
Following the NCLAT order last week to begin a probe into Flipkart for abuse of its dominant position, the All India Online Vendors Association (AIOVA) has filed a caveat in the SC against the Walmart-owned e-tailer. The move by AIOVA, the group representing small e-vendors, comes in anticipation of Flipkart challenging the NCLAT order in
The Supreme Court on Friday stayed the NCLAT decision to restore Cyrus Mistry as executive chairman of the Tata Group. Tata Sons Private Ltd had challenged the December 18 decision of the National Company Law Appellate Tribunal that gave a big relief to Cyrus Investment Pvt Ltd and Mistry, restoring him as the executive chairman