The National Company Law Appellate Tribunal will decide on May 13 whether to hear an appeal by Meta Platforms against the Competition Commission of India’s ban on its messaging platform WhatsApp’s data-sharing practices before or after new digital personal data protection rules are enforced. A bench led by appellate tribunal chairperson Justice Ashok Bhushan said … Read more
The National Company Law Appellate Tribunal (NCLAT) on Thursday set aside insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Café Coffee Day (CCD), dismissing a bankruptcy plea filed by IDBI Trusteeship over an alleged ₹228 crore default. The ruling came in response to a petition by Malavika Hegde, a shareholder and … Read more
2025-01-31 13:44:00 : The National Corporation’s Law Court (NCLAT) requires busy Busy Bee Airways to bid first. This is a bidder that first approaches the airline’s lender and negotiates an agreement to acquire the continuous problem of the airline. This is after the busy Bee Airways told NClat, it can still be obtained first, and … Read more
2025-01-29 15:26:00 : The National Corporation’s Law Court (NCLT) ordered the temporary resolution professionals (IRP) of BJYU on Wednesday. The bankruptcy court also instructed India’s bankruptcy and bankruptcy committee (IBBI) to discipline IRP to IRP, and dissolved the creditors committee (COC) composed of IRP. NCLT’s Bangalore substitutes passed the order through Byju’s lenders, Glass Trust … Read more
An Indian tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the U.S. giant which had warned its advertising business will be affected. Meta had challenged the Competition Commission of India’s (CCI) directive issued in November that imposed a ban on data sharing between WhatsApp and … Read more