Appeal to Hon’ble National Company Law Appellate Tribunal (NCLAT) and limitation period thereof

Any person aggrieved by the order of the Hon’ble Adjudicating Authority i.e. National Company Law Tribunal (“NCLT”) under Section 61(1) of the Insolvency & Bankruptcy Code, 2016 (“IBC, 2016”) may prefer an appeal before the Hon’ble National Company Law Appellate Tribunal (NCLAT).  

Corporate Social Responsibility and its Insolvency

In the past few decades, business leaders as well as philosophers came up with a new phenomenon which is Corporate Social Responsibility (CSR). Under CSR Businesses are responsible to the society that exists around them. And under CSR only it becomes their moral duty to safeguard that society and help that society to grow.

Newly Specified Timelines by MCA for Speeding up Merger Approvals

MCA has specified the timeline to speed up the process of Fast Track Mergers. Earlier there was no time limit for Official Liquidators and Registrar of Companies to give objections and suggestions to the CG and CG to pass the confirmation order of the scheme of merger and amalgamation.

Legal Remedies For Cheque Bounce

Cheque bounce is a criminal offence stipulated under Section 138 of the Negotiable Instruments Act, 1881. The aggrieved party can file a criminal as well as a civil case against the accused who must have had a legal obligation to repay the amount.