NCLAT Turns Down BSE Requests Over Frozen Demat Accounts
One judge, plus another on the appeals panel, confirmed that the insolvency court has solid authority under a specific IBC rule to handle cases involving frozen shareholding records during a company’s collapse. Their view stands firm: freezing lifts ordered by the lower tribunal fall squarely within the permitted powers. What matters here is that the…
ABHYUDAYA MITTAL
Meta Goes To NCLAT Against CCI’s Rs 213 Crore Penalty
On 6 January 2025, Meta, the parent company of Facebook and WhatsApp, filed an appeal in the NCLAT (National Company Law Appellate Tribunal) against the Rs 213 crore CCI penalty. The fine was imposed for the company’s alleged abuse of its dominant position related to WhatsApp’s 2021 privacy policy. The case is expected to be…
Shipra Prajapati