nclat

The Centre questioned the Delhi Gymkhana Club's shift from sports to social gatherings, accusing it of becoming a "madhushaala" (bar) instead of a "vyayamshaala" (gymnasium). This criticism emerged during a probe into financial irregularities and governance failures, as the government sought to reclaim the club's prime land for national security and public purpose.

The Centre has ordered the Delhi Gymkhana Club (DGC) to vacate its premises, marking the culmination of a six-year governance dispute. This move follows a probe into mismanagement and violations, surprising members who were recently asked to pay significant dues. The club, a symbol of elitism, has faced controversies over membership rules and factionalism.

Delhi Gymkhana was a dispensation from the state to those who ran the state. But it served a function: a place for making deals quietly. The eviction order is today’s India telling yesterday’s India, your time’s up

Yes, colonial era clubs are a privilege overdue for an eviction. But then what? Do the honours simply pass on to a new elite? What citizens must ask of any reform is, now do we get to sit on the lawns?

The Centre has ordered the historic Delhi Gymkhana Club to vacate its 27.3-acre Lutyens' Delhi premises by June 5, citing urgent need for defence infrastructure and public security. This move, stemming from governance disputes and alleged mismanagement, has shocked members and sparked debate over elite colonial clubs on prime government land.

Group's resolution plan for the takeover of insolvent Jaiprakash Associates Limited.

The insolvency resolution of Jaiprakash Associates Ltd. is embroiled in a dispute over the approval of Adani Enterprises' bid over Vedanta's higher offer. Vedanta alleges procedural unfairness and a "commercial conspiracy," challenging the Committee of Creditors' reliance on "commercial wisdom" over value maximisation.

A Bench of Justice J.B. Pardiwala and Justice R. Mahadevan delivered the judgment while deciding appeals arising from insolvency proceedings initiated against Takshashila Heights India Private Limited, the developer of the real estate project Takshashila Elegna in Ahmedabad.

Mumbai EOW filed a chargesheet against three Sunshine Developers partners for allegedly diverting Rs 18.22 crore from a Rs 90 crore LIC Housing Finance loan. The funds were misused, halting construction and leading to bankruptcy, causing losses to the lender and complainant Pratik Vira, who alleged a larger fraud.

Social media giants Meta and WhatsApp assured the Supreme Court they will comply with tribunal orders on user data sharing for non-core services and transparent opt-out options by March 16. While the court disposed of their stay applications, the CCI highlighted the ongoing dispute over a five-year ban on data sharing for advertising, with further hearings scheduled.

The Supreme Court has overturned the nclat's decision approving Byju's Rs 158.9 crore settlement with BCCI. It instructed BCCI to deposit the funds with the creditors' committee and ruled that nclat's halt on insolvency proceedings was improperly issued without sufficient deliberation.

The National Company Law Appellate Tribunal (nclat) on Monday dismissed Registrar of Companies' (RoC) petition to modify its judgement passed in the Tata-Mistry matter. nclat, on December 18, had directed to reinstate Cyrus Mistry as the executive chairman of the $110-billion Tata group. nclat further said that its judgement has no aspersions cast against it.

nclat upheld CCI's finding that Google abused its dominant position regarding Play Store policies but reduced the penalty from Rs 936.44 crore to Rs 216 crore. Google is required to pay the remaining amount within 30 days, given they have already deposited 10% of the penalty.

The nclat has set aside a petition and upheld a 2017 CCI order that dismissed a complaint of predatory pricing against instant messaging platform WhatsApp. The National Company Law Appellate Tribunal (nclat) said no doubt WhatsApp has a 'dominant position' but it has not 'abused its dominant position' based on inputs provided by the appellant, an NGO Fight for Transparency Society.

The National Company Law Appellate Tribunal (nclat) on Wednesday asked Vikram Bakshi, estranged Indian partner of McDonald's, to file an affidavit within a week detailing the amount he has received from the sale of his shares in CPRL as part of his settlement with the US-based fast food chain.

The nclat on Wednesday said it will review the settlement between food major McDonald's and its estranged Indian partner Vikram Bakshi over the sale of his shares in Connaught Plaza Restaurants. A two-member nclat bench headed by chairperson Justice S J Mukhopadhaya also asked Bakshi not to leave the country without its permission.

The National Company Law Appellate Tribunal (nclat) on Friday asked the Enforcement Directorate to file a final affidavit containing developments related to attachment of Bhushan Power & Steel Ltd (BPSL) assets.

India's largest software exporter Tata Consultancy Services (TCS) on Friday said it does not see any impact of the National Company Law Appellate Tribunal (nclat) ruling removing N Chandrasekaran as its chairman.

Shares of Coffee Day Enterprises surged 20% after the National Company Law Appellate Tribunal (nclat) set aside insolvency proceedings against the company. The stock reached its 52-week high on both BSE and NSE. The decision overturns an earlier order by the Bengaluru bench of NCLT.

The National Company Law Appellate Tribunal (nclat) on Wednesday upheld the order of the fair trade regulator CCI imposing a penalty of Rs 1,337.76 crore on Internet giant Google. A two-member bench of the nclat directed Google to implement the direction and deposit the amount in 30 days.

The National Company Law Appellate Tribunal (nclat) will begin hearing Google's plea against the penalty imposed by the Competition Commission of India (CCI) on November 28. The penalty of Rs 936.44 crore was imposed on Google for abusing its dominant position with respect to Play Store policies.