NCLT Approves Ambuja Cements Merger: The merger of Ambuja Cements and Sanghi Industries has led to structural reorganizations in India’s cement industry, marking a critical point in sector consolidation as well. This event indicates that larger players have begun consolidating their operations (to improve size/scale and ease of conduct). What Does the NCLT’s Decision Mean?...
Author: Payel Baidya (Payel Baidya)
Post
Post
Historic Win for Supertech Homebuyers as SC Upholds NCLAT Order – NBCC Takes Charge of Insolvent Projects to Ensure Timely Delivery and End Financial Nightmares
In a sweeping decision regarding the insolvency of Supertech, the Supreme Court has upheld the National Company Law Appellate Tribunal’s (NCLAT) decision to have the state owned National Building Construction Corporation (NBCC) (India) Ltd finish construction on Supertech’s unfinished projects. This ruling represents a significant change for thousands of purchasers who once made a down...
Post
How to Understand the Companies Amendment Act, 2015
Early but important changes were made to the Companies Act, 2013. One of these is the Companies Amendment Act, 2015. India’s corporate law changed totally with the Companies Act, 2013, but there were some problems when it was put into practice. The government passed the Companies Amendment Act, 2015, to fill these gaps. This change...
Post
Competition (Amendment) Act, 2023 – A Simple and Clear Explanation
The Competition Act of 2023 is significant because it makes a number of key changes to the competition law in India. The amendments to the Competition Act of 2002 have been made by the government to modernise the competition law to keep pace with fast-changing technological and global business environments. The amendments provide for a...
Post
What Are the National Company Law Appellate Tribunal Rules, 2016, about?
The National Company Law Appellate Tribunal (NCLAT) has a very important role in the Indian corporate law structure. It is set up to hear appeals from the National Company Law Tribunal (NCLT) and some other authorities and to provide justice to companies fairly, quickly and efficiently. So what does an appeal to the tribunal look...
Post
What Is an Operational Creditor? Explained in Simple Words
If you go through business or legal news, you very often come across the term “Operational Creditor.” But what is that, actually? Let’s simplify it in simple words. What is an operational creditor? An operational creditor is a person or company that provides goods or services to another company and is owed money by them...
Post
What Is NCLT? Why the National Company Law Tribunal Matters in Business News
When a company refers to its case in front of the NCLT by way of a news story, the implication is generally related to either significant financial or legal challenges. A brief explanation of the meaning of the NCLT—National Company Law Tribunal—will help you understand its role within India’s corporate environment. The Purpose of NCLT...