Web26 Jun 2024 · The Applicant/ corporate debtor also filed a petition under Section 11 of the Arbitration Act before the Supreme Court, for appointment of arbitrators. ... Section 7 of the IBC. The NCLT observed ... Webunder section 22 shall continue till the appointment of another resolution professional under this section.” (iv) Further, it was submitted that none of the powers under Section 22 & 27 were exercised rather the Adjudicating Authority have passed the Impugned Order invoking power under ‘Rule 11’ of the NCLT. So, the
NCLT grants 90 days extension to Future Retail for concluding ...
Web6 Nov 2024 · The NCLAT further held that Rule 11 of the National Company Law Appellate Tribunal Rules, 2016 has not been adopted for the purpose of the Code and only Rules 20 and 26 have been adopted in absence of any specific inherent power and where there is no merit, the question of exercising inherent power does not arise. Webto exercise the power under Rule 49 of the NCLT Rules so belatedly and directed the Appellant may file Appeal. 5. It is submitted that the Application for setting aside ex-parte … example of clinical decision support system
Rules on National Company Law Tribunal to clarify the fate of cases
Web19 Oct 2024 · In State Bank of India vs. Rohit Ferro Tech Limited, the NCLAT set aside the order of the NCLT rejecting an application under Section 7 of the Code on the basis that … Web11 Jun 2024 · The National Company Law Tribunal(NCLT) ruled that the Central Government’s notification to increase the threshold limit from INR 1 Lakh to INR 1 Crore … Web8 Oct 2024 · This section empowers the NCLT to pass any order that it deems fit if, in its opinion, the company’s affairs have been or are being conducted in a manner prejudicial or oppressive to any member or members or prejudicial to public interest or in a manner prejudicial to the interests of the company and it would unfairly prejudice a petitioning … example of clinical formulation