The Supreme Court is hearing a civil appeal (No. 3826/2020) against an order of the National Company Law Appellate Tribunal (NCLAT). The NCLAT had reversed the order of the National Company Law Tribunal (NCLT), which admitted a petition under Section 7 of the Insolvency and Bankruptcy Code 2016. The appellant is alleged to be a speculative investor.
The Supreme Court is hearing a civil appeal against an order of the NCLAT. The NCLAT reversed the order of the NCLT, which had admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The appellant is alleged to be a speculative investor. The Supreme Court did not stay the NCLAT order but issued an ad-interim direction that the finding regarding the appellant being a speculative investor is confined to the facts of the present case and not to be treated as a precedent. The matter was adjourned for further hearing.
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The civil appeal was…
The appeal was listed…
The Supreme Court is hearing a civil appeal (No. 3826/2020) against an order of the National Company Law Appellate Tribunal (NCLAT). The NCLAT had reversed the order of the National Company Law Tribunal (NCLT), which admitted a petition under Section 7 of the Insolvency and Bankruptcy Code 2016. The appellant is alleged to be a speculative investor.
The Supreme Court is hearing a civil appeal against an order of the NCLAT. The NCLAT reversed the order of the NCLT, which had admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016. The appellant is alleged to be a speculative investor. The Supreme Court did not stay the NCLAT order but issued an ad-interim direction that the finding regarding the appellant being a speculative investor is confined to the facts of the present case and not to be treated as a precedent. The matter was adjourned for further hearing.
The civil appeal was…
The appeal was listed…