The case involves a civil appeal arising out of a Special Leave Petition (SLP) against an order passed by the National Company Law Tribunal (NCLT), Bench III, New Delhi. A petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, had been admitted by the NCLT on February 9, 2018. Subsequently, the matter was settled between the parties through a Compromise Deed dated February 21, 2018.
The key facts are as follows: A petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, was admitted by the National Company Law Tribunal (NCLT), Bench III, New Delhi, on February 9, 2018. Subsequently, a Compromise Deed dated February 21, 2018, was executed between the parties, indicating a settlement. The appellant sought exemption from filing a certified copy of the impugned order. The Supreme Court considered the Compromise Deed and, using its powers under Article 142 of the Constitution of India, set aside the NCLT's order. The relevance of the Compromise Deed is that it formed the basis for the Supreme Court's decision to set aside the NCLT's order, indicating that the parties had resolved their dispute amicably.
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The National Company Law Tribunal (NCLT), Bench…
A Compromise Deed was…
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The case involves a civil appeal arising out of a Special Leave Petition (SLP) against an order passed by the National Company Law Tribunal (NCLT), Bench III, New Delhi. A petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, had been admitted by the NCLT on February 9, 2018. Subsequently, the matter was settled between the parties through a Compromise Deed dated February 21, 2018.
The key facts are as follows: A petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, was admitted by the National Company Law Tribunal (NCLT), Bench III, New Delhi, on February 9, 2018. Subsequently, a Compromise Deed dated February 21, 2018, was executed between the parties, indicating a settlement. The appellant sought exemption from filing a certified copy of the impugned order. The Supreme Court considered the Compromise Deed and, using its powers under Article 142 of the Constitution of India, set aside the NCLT's order. The relevance of the Compromise Deed is that it formed the basis for the Supreme Court's decision to set aside the NCLT's order, indicating that the parties had resolved their dispute amicably.
The National Company Law Tribunal (NCLT), Bench…
A Compromise Deed was…
Sign in to view related legal provisions.