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CBI records Farooq's statement in JKCA embezzlement case

CBI records Farooq's statement in JKCA embezzlement case
newsnationtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsnationtv.com Daily Mail and Mail on Sunday newspapers.

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SC expunges remarks made against 3 members of NCLAT

SC expunges remarks made against 3 members of NCLAT
ANI |
Updated: Feb 19, 2021 12:32 IST
New Delhi [India], February 19 (ANI): The Supreme Court on Friday expunged the alleged adverse remarks made by a five-member bench of the National Company Law Appellate Tribunal (NCLAT) against a sitting three-member bench.
A Bench headed by Justice Rohinton Nariman hearing the case expunged the alleged personal and unsavory remarks made by a five-member bench led by the acting chairperson, Justice Bansi Lal Bhat against a three-member bench of Justice (Retd) Jarat Kumar Jain, Bavinder Singh, and Vijai Pratap Singh.
We have gone through the case. We are with you. Observations made against members of the tribunal stands expunged from the record, Justice Nariman said even before the hearing could proceed. ....

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Justice B L Bhat to continue as officiating NCLAT chief till March 31

Justice B L Bhat to continue as officiating NCLAT chief till March 31
January 16, 2021
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The Centre has extended till March 31 the term of Justice (retd) Bansi Lal Bhat as the officiating Chairperson of the National Company Law Appellate Tribunal (NCLAT).
This is the latest in series of extensions that the government has given to Bhat who is Member (Judicial) since his appointment as officiating chairman last year. His term as the officiating Chairman was last extended till December 31, 2020.
It may be recalled that Justice Bansi Lal Bhat was appointed Acting Chairperson after the first Chairperson of NCLAT, Justice SJ Mukhopadhaya demitted office upon completion of his term in March last year. ....

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NCLAT officiating Chairperson Justice B L Bhat gets another extension

The government has again extended the tenure of Justice B L Bhat as the officiating Chairperson of the National Company Law Appellate Tribunal (NCLAT).
According to a notification issued by the Ministry of Corporate Affairs, Justice Bhat s tenure has been extended further till his attaining the age of 67 years or till further orders, whichever is earlier.
As per the information available on NCLAT website, Justice Bhat s date of birth is April 19, 1954, which means his tenure could be for over three months.
Bhat s tenure as officiating Chairperson of NCLAT was scheduled to end on December 31, 2020.
This is the fourth extension for Justice Bhat since he was appointed as the officiating Chairperson of the NCLAT on March 15, 2020 for three months. ....

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Entries In Balance Sheet Do Not Amount To Acknowledgment Of Debt Under Sec 18 Limitation Act : NCLAT Declines Reference Against 'V Padmakumar' Decision

Kanthi Narahari and
Background
In September this year, a bench comprising Justice Jarat Kumar Jain, Member (Judicial), Justice Balvinder Singh, Member (Technical) and V.P Singh, Member (Technical), opined that the majority decision in
V Padmakumar was rendered ignoring several precedents laid down by the Supreme Court and many High Courts.
This issue arose while considering an appeal filed by the corporate debtor against the order passed by the adjudicating authority admitting the insolvency petition filed by a consortium of lenders.
The corporate debtor contended that the application was filed beyond the period of 3 years limitation from the date of the accrual of the cause of action. ....

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