The case arises from a civil appeal against a final judgment and order dated 04-07-2019 in CAAT No. 257/2019 and CAAT No. 265/2019, passed by the National Company Law Appellate Tribunal (NCLAT). During the hearing of the appeals, the court was informed about large-scale amendments to the Insolvency and Bankruptcy Code, 2016, passed by both Houses of Parliament. The respondents' counsel expressed concerns about these amendments and sought to challenge some provisions of the new Amendment Act.
The Committee of Creditors of Essar Steel India Limited, through its authorized signatory, filed a civil appeal against Satish Kumar Gupta & Anr. The appeal arose from a final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT) in CAAT No. 257/2019 and CAAT No. 265/2019, both dated 04-07-2019. During the hearing, the court was informed about large-scale amendments to the Insolvency and Bankruptcy Code, 2016. The respondents' counsel expressed concerns and sought to challenge some provisions of the new Amendment Act. The court allowed an application for impleadment and directed the registry to list the matters along with Writ Petitions on August 19, 2019. The Attorney General for India was requested to appear for further directions.
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Final judgment and order passed by the National…
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The case arises from a civil appeal against a final judgment and order dated 04-07-2019 in CAAT No. 257/2019 and CAAT No. 265/2019, passed by the National Company Law Appellate Tribunal (NCLAT). During the hearing of the appeals, the court was informed about large-scale amendments to the Insolvency and Bankruptcy Code, 2016, passed by both Houses of Parliament. The respondents' counsel expressed concerns about these amendments and sought to challenge some provisions of the new Amendment Act.
The Committee of Creditors of Essar Steel India Limited, through its authorized signatory, filed a civil appeal against Satish Kumar Gupta & Anr. The appeal arose from a final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT) in CAAT No. 257/2019 and CAAT No. 265/2019, both dated 04-07-2019. During the hearing, the court was informed about large-scale amendments to the Insolvency and Bankruptcy Code, 2016. The respondents' counsel expressed concerns and sought to challenge some provisions of the new Amendment Act. The court allowed an application for impleadment and directed the registry to list the matters along with Writ Petitions on August 19, 2019. The Attorney General for India was requested to appear for further directions.
Final judgment and order passed by the National…
The matters wer…
Sign in to view related legal provisions.