Webb31 okt. 2024 · Further, there is no express provision under the NCLAT Rules that gives the tribunal an inherent power to review. The tribunal’s power to review is a statutory power given by rule 11 of the NCLAT Rules and can only be exercised to enhance the cause of justice or prevent abuse of process. Webb31 jan. 2024 · Powers of NCLT under Section 230 of the Companies Act, 2013. As affirmed by the NCLAT, the NCLT cannot exercise its inherent powers to go beyond the …
Lost in a Labyrinth: NCLT’s Journey from Admission to
Webbinherent powers prescribed under ‘Rule 11’ of NCLT Rule 2016 can be invoked to bypass the provisions of Section 22 and 27 of Insolvency & Bankruptcy Code, 2016 (I&B Code) and whether the Order passed by the Adjudicating Authorize can be sustained in law. (ii) Learned Counsel for the Appellant further submitted that Section Webb14 feb. 2024 · powers of nclt under section 230 of the companies act, 2013 As affirmed by the NCLAT, the NCLT cannot exercise its inherent powers to go beyond the scope … efah technical services llc
National Company Law Appellate Tribunal, New Delhi Principal …
WebbNCLAT has stated in the above matter that, it is not the case where NCLT has exercised its power of review on merits of any issue decided. It was the case that NCLT has accepted the reply by using inherent power … Webb5 feb. 2024 · NCLAT: Tribunal has no Inherent Powers to Review under NCLAT Rules By Legal Era NCLAT: Tribunal has no Inherent Powers to Review under NCLAT Rules The power to review is not an inherent power. Webb6 apr. 2024 · The aforesaid NCLT pronouncement, however, raised a lot of eyebrows, particularly from the view-point of accuracy of the decision to allow a Section 8 Application in an in rem insolvency proceeding much less in absence of specific powers under the Code to refer parties to arbitration (see a contrary stand by NCLT, Ahmedabad), and … contact the metro newspaper