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The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. [1] The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
The board can take other actions including changes to management, amalgamation of the sick unit with a healthy one, sale or financial reconstruction. [4] The Board can recommend a sick industrial company for winding up. [12] The BIFR was intended to bridge the legal gap between sickness and revival.
The National Company Law Appellate Tribunal (NCLAT) is a tribunal which was formed by the Central Government of India under Section 410 of the Companies Act, 2013.The NCLAT was formed as a body with an appellate jurisdiction at the same time when NCLT was established as a major reform as per powers granted to the Ministry of Corporate Affairs in India.
BlendJet is recalling about 4.8 million of its portable blenders over laceration and fire hazards after receiving dozens of reports of injuries, federal regulators said Thursday. BlendJet 2 ...
BrucePac announced a recall of all ready-to-eat meat and poultry items made in that facility between June 19 and Oct. 8. That culminates to about 9,986,245 pounds of beef, pork, turkey — and ...
An Out of Service Vehicle Form MCS 64 shall be used to mark vehicles "out of service". (2) No motor carrier company shall permit any driver to operate nor shall any person operate any motor vehicle declared and marked, "out of service" until all repairs required on the notice as failing Form MCS 63 have been satisfactorily completed.
A Lok Adalat can take up civil cases (including marriage and family disputes) and compoundable criminal cases. The decision of a Lok Adalat deciding any case coming before it is deemed as final, and any award or decree issued is enforceable on competing parties. [16] Additionally, the issued order cannot be recalled or reviewed by the court.
In addition to recalling the ambassadors to the three countries, Israel summoned their envoys, accusing the Europeans of rewarding the militant Hamas group for its Oct. 7 attack that triggered the ...