Tag: Nclat

New Delhi: Courts have finally come to the rescue of lakhs of investors who face the prospect of losing their entire retirement savings parked in the toxic IL&FS bonds by their respective pension and provident fund (PF) trusts. The National Company Law Appellate Tribunal (NCLAT) hearing petitions with respect to IL&FS resolution on Monday directed […]

New Delhi: In a major turn of events, the National Company Law Appellate Tribunal (NCLAT) on Wednesday ordered the restoration of Cyrus Mistry as the Chairman of Tata Group. The appellate tribunal, however, allowed for suspension of part of the order on reinstatement of Mistry as Executive Chairman of Tata Sons for four weeks, which […]

New Delhi: Although the National Company Law Appellate Tribunal (NCLAT), in an unexpected turn of events, ordered the reinstatement of Cyrus Mistry as Tata Sons’ Executive Chairman, several experts, however, differ on the order and some are of the view that the order may not hold ground in the Supreme Court. Corporate and legal experts […]