The case involves a civil appeal before the Supreme Court of India. The Indian Renewable Energy Development Agency Ltd. and National Asset Reconstruction Company Limited accepted a proposal, leading to the appeal. The judgment/order dated 27.06.2023, passed by the National Company Law Tribunal (NCLT), Special Bench-I, Chennai, was challenged. The matter was remitted back to the NCLT for examination and to follow the procedure established by law under Section 12A of the Insolvency and Bankruptcy Code, 2016.
The Civil Appeal No. 5308 of 2023 was filed in the Supreme Court of India. The appellant is Dr. Palani G Periasamy, and the respondents are CA. M. Suresh Kumar & Anr. The Indian Renewable Energy Development Agency Ltd. and National Asset Reconstruction Company Limited accepted a proposal. The National Company Law Tribunal (NCLT), Special Bench-I, Chennai, had previously passed a judgment/order on 27.06.2023. The Supreme Court set aside the NCLT's order and remitted the matter back to the NCLT for examination under Section 12A of the Insolvency and Bankruptcy Code, 2016. The parties are directed to appear before the NCLT on 10.04.2024. The Supreme Court requested the NCLT to decide the matter expeditiously. The case was heard by Justices Sanjiv Khanna and Dipankar
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The National Company Law Tribunal (NCLT),…
The matter was called…
The case involves a civil appeal before the Supreme Court of India. The Indian Renewable Energy Development Agency Ltd. and National Asset Reconstruction Company Limited accepted a proposal, leading to the appeal. The judgment/order dated 27.06.2023, passed by the National Company Law Tribunal (NCLT), Special Bench-I, Chennai, was challenged. The matter was remitted back to the NCLT for examination and to follow the procedure established by law under Section 12A of the Insolvency and Bankruptcy Code, 2016.
The Civil Appeal No. 5308 of 2023 was filed in the Supreme Court of India. The appellant is Dr. Palani G Periasamy, and the respondents are CA. M. Suresh Kumar & Anr. The Indian Renewable Energy Development Agency Ltd. and National Asset Reconstruction Company Limited accepted a proposal. The National Company Law Tribunal (NCLT), Special Bench-I, Chennai, had previously passed a judgment/order on 27.06.2023. The Supreme Court set aside the NCLT's order and remitted the matter back to the NCLT for examination under Section 12A of the Insolvency and Bankruptcy Code, 2016. The parties are directed to appear before the NCLT on 10.04.2024. The Supreme Court requested the NCLT to decide the matter expeditiously. The case was heard by Justices Sanjiv Khanna and Dipankar
…The National Company Law Tribunal (NCLT),…
The matter was called…