The Supreme Court refused to entertain a plea challenging rules barring retired NCLT and NCLAT members from practising before these tribunals after retirement, while hearing former NCLAT technical member Vijai Pratap Singh’s challenge against restrictions preventing former members from appearing as advocates or consultants.
The National Company Law Appellate Tribunal (NCLAT) dismissed Jindal Poly Films Limited’s appeal challenging the National Company Law Tribunal (NCLT) order admitting a shareholder class action petition and directing issuance of public notice under the Companies Act, 2013, affirming continuation of class action proceedings.
Today, On 27th March, The Supreme Court observed that while India upholds the philosophy of “Vasudhaiva Kutumbakam” (the world is one family), maintaining unity even among close relatives remains a challenge. The court noted that family disputes and conflicts often lead to legal battles, straining relationships. This contradiction highlights the gap between cultural ideals and real-life struggles. The remarks emphasize the need for harmony and resolution within families.
![[Byju's Insolvency Case] Resolution Professional (RP) Are Creating 'Chaos': Creditor To NCLT](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/08/image-44.png?resize=447%2C367&ssl=1)
The NCLAT Chennai expected to announce its decision on Byju Raveendran’s appeal against insolvency proceedings on August 2. This ruling will impact the disputed Rs.158 crore settlement between Raveendran and the BCCI. The case revolves around the initiation of insolvency proceedings against Byju’s parent company, and the source of funds used for the settlement is under scrutiny.
![[Money Laundering Case] Tribunal Quashes ED Attachment of Rs 180 Crore properties of NCP Leader Praful Patel](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/06/MicrosoftTeams-image-60.png?resize=447%2C367&ssl=1)
A Mumbai court quashed an Enforcement Directorate (ED) order to attach NCP leader Praful Patel’s properties worth over Rs 180 crore in a money laundering case linked to Iqbal Mirchi. The Appellate Tribunal deemed the action “illegal,” citing lack of evidence and stating that the properties were acquired legitimately. The CBI also found no wrongdoing by Patel.
