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NCLAT News

Business

NCLAT Stands Firm: Rejects BCCI and Riju Raveendran's Settlement Plea in Byju's Insolvency Saga

Sarah Mitchell 18 Apr, 2025

NCLAT dismisses BCCI and Riju Raveendran's appeals to settle Byju's insolvency, upholding the need for creditor approval under IBC section 12A. The decision highlights procedural r...

Business

NCLAT Grants Banks Permission to Take Action Against Former IL&FS Directors Amid Financial Controversy

Emily Rodriguez 09 Apr, 2025

NCLAT allows Canara Bank and Indian Bank to pursue actions against former IL&FS directors not in the new board, while protecting current members. The decision marks a pivotal momen...

Business

NCLAT Dismisses Petitions Challenging ICICI Securities Delisting Process

Jessica Bennett 11 Mar, 2025

The National Company Law Appellate Tribunal dismissed petitions against ICICI Securities' delisting, citing no illegality and strong shareholder support. Petitioners with minimal s...

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