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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 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.
Tribunals in India are quasi-judicial bodies for settling various administrative and tax-related disputes, including matters that are under the jurisdiction of Central Administrative Tribunal (CAT), Income Tax Appellate Tribunal (ITAT), Customs, Excise and Service Tax Appellate Tribunal (CESTAT), National Green Tribunal (NGT), Competition Appellate Tribunal (COMPAT) and Securities Appellate ...
That being said, Costco just added two more items to the growing list of product recalls, and you might want to check your freezer if you’ve just finished your weekly grocery haul.
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.
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 ...
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.
The plea for insolvency was submitted by company on 23 January 2017. The resolution plan was submitted to NCLT within a period of 180 days as required by the code, and the approval for the same was received on 2 August 2017 from the tribunal. The final order was uploaded on 14 August 2017 on the NCLT website. [5]