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Weekly Digest Of IBC Cases: 20th To 26th May 2024

High Court Resolution Professional Not To Be Hauled Up In Criminal Case Against Company: Kerala High Court Stays ED Notice To RP Case Title: M/s Kerala Chamber Of Commerce And Industry vs..

New-delhi
Delhi
India
Mumbai
Maharashtra
Hyderabad
Andhra-pradesh
Kerala
Barun
Bihar
Paradip
Orissa

NCLAT dismisses Religare's appeal against CCI nod

NCLAT rejected REL s appeal regarding Burman s share acquisition. CCI ensures fair competition. Justice Khanna and Mehrotra maintained status quo. Fraud allegations, ESOP issuance, remuneration without approval are under scrutiny.

India
Mumbai
Maharashtra
Religare-finvest
Ajai-das-mehrotra
Justice-yogesh-khanna
National-company-law-appellate-tribunal
Care-health-insurance
Religare-enterprises
Competition-commission-of-india
Rashmi-saluja-led-religare-enterprise
Competition-commission

NCLAT dismisses Religare's appeal against CCI nod

NCLAT rejected REL s appeal regarding Burman s share acquisition. CCI ensures fair competition. Justice Khanna and Mehrotra maintained status quo. Fraud allegations, ESOP issuance, remuneration without approval are under scrutiny.

Australia
India
Mumbai
Maharashtra
Ajai-das-mehrotra
Justice-yogesh-khanna
Religare-finvest
University-of-western-australia
Offering-college
Competition-commission-of-india
Indian-school-of-business
Care-health-insurance

NCLAT gets three new members; two members to join Chennai Bench soon

Judicial member Justice Sharad Kumar Sharma and technical member Jatindranath Swain have been assigned matters pending before the Chennai Bench of the NCLAT.

Delhi
India
Chennai
Tamil-nadu
Justicen-venugopal
Justice-venugopal
Naresh-salecha
Ajai-das-mehrotra
Peeyush-pandey
Shreesha-merla
Chennai-bench

NCLAT Sets Aside NCLT Order Quashing Invocation of Bank Guarantee during Moratorium

Setting aside an order passed by the National Company Law Tribunal (NCLT), New Delhi bench, the National Company Law Appellate Tribunal (NCLAT) ruled that the bank guarantee provided by Canara Bank is held to be covered by the exception provided in provisions of section 14(3)(b) of the Insolvency and Bankruptcy Code (IBC) and the moratorium prescribed under section 14(1) of IBC, 2016 will not apply to the encashment of the bank guarantee.

Canara
Karnataka
India
New-delhi
Delhi
Justicem-venugopal
Prabhakar-kumar
Ajai-das-mehrotra
Jasmeet-associates
Bank-to-national-small-industries-corp-ltd
National-small-industries-corp
Canara-bank

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