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Publications – Page 2 – Sharma and Sharma Legal

Publications

Adhunik Metaliks: NCLT keeps issue of additional time open

According to a source close to the development, “Edelweiss ARC’s plan was rejected in the first round of bidding for Adhunik Metaliks, and in the second round, the company did not submit its plan.” The Kolkata bench of the National Company Law Tribunal (NCLT) on Friday kept the issue of ... Read Mores

NCLT orders resumption of mining by OMML

The Kolkata bench of the National Company Law Tribunal (NCLT) on Thursday said the director of mines’ order of stoppage of mining operations during the moratorium period for the firm was ‘illegal’ and ‘inoperative’. Even as the insolvent Orissa Manganese & Minerals (OMML) is facing a crisis due to stoppage ... Read Mores

Cop probing sex abuse of 4-year-old in school removed

A city court has ordered the removal of the officer, investigating last year’s alleged sexual assault of a lower nursery student inside her school toilet, for “dereliction of duty” and asked for departmental proceedings to be initiated against her. The case, being investigated by Kolkata Police’s detective department, will now be probed by ... Read Mores

NCLT admits defaulter’s voluntary plea for insolvency resolution

The Kolkata bench of the National Company Law Tribunal (NCLT) on Monday admitted a defaulter’s voluntary petition for insolvency resolution, and dismissed a lender’s opposition to it. The tribunal also imposed a moratorium on the ongoing process of bad loan recovery. ICICI Bank had said that there was malfeasance behind ... Read Mores