NCLAT Rules That Related Party Status Cannot Be Changed By Termination Notice Contravening Agreement Terms

NCLAT Rules That Related Party Status Cannot Be Changed By Termination Notice Contravening Agreement Terms The National Company Law Appellate Tribunal (NCLAT), New Delhi bench, comprising Justice Rakesh Kumar Jain (Judicial Member) and Mr. Naresh Salecha (Technical Member), has ruled that related party status established through an agreement under Section 5(24) of the Insolvency and

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NCLAT: Related Party Cannot Assign Debt To Secure Seat In Committee Of Creditors

NCLAT: Related Party Cannot Assign Debt To Secure Seat In Committee Of Creditors The National Company Law Appellate Tribunal (NCLAT), New Delhi bench, consisting of Justice Ashok Bhushan (Chairperson), Barun Mitra (Technical Member), and Arun Baroka (Technical Member), ruled that a ‘related party’ cannot assign its debt with the sole purpose of securing a seat

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Consignments Of Volkswagen Units Not Held: Customs Dept Tells Bombay High Court

Consignments Of Volkswagen Units Not Held: Customs Dept Tells Bombay High Court The next hearing has been scheduled for 20 February Skoda Auto Volkswagen India had recently challenged the Customs Department’s $1.4 billion tax demand in the Bombay High Court, terming it “arbitrary, illegal and exorbitant.” The department claimed the company misclassified Audi, Skoda and

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CCI Releases New Draft Regulations On Predatory Pricing

CCI Releases New Draft Regulations On Predatory Pricing Asks stakeholders to comment by 19 March The Competition Commission of India (CCI) has released the draft CCI (Determination of Cost of Production) Regulations, 2025, to determine the cost of production and update its framework for assessing predatory pricing. This will replace the existing norms set in

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NCLAT: Corporate Debtor Not Barred From Contesting Application Under Section 9 For Failure To Reply To Section 8 Notice

NCLAT: Corporate Debtor Not Barred From Contesting Application Under Section 9 For Failure To Reply To Section 8 Notice The National Company Law Appellate Tribunal (NCLAT), New Delhi bench, comprising Justice Rakesh Kumar Jain (Judicial Member), Mr. Naresh Salecha (Technical Member), and Mr. Indevar Pandey (Technical Member), has clarified that a Corporate Debtor cannot be

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