The case involves an operational debt dispute between M/S Sequel Alloys and Wires Private Limited and M/S Vedanta Limited. The National Company Law Tribunal (NCLT), New Delhi, had admitted the petition of the operational creditor (M/S Vedanta Limited) via an order dated 2017-11-15. Subsequently, the parties settled the matter through e-mails exchanged on 2017-12-20.
M/S Sequel Alloys and Wires Private Limited was involved in a dispute concerning an operational debt with M/S Vedanta Limited. The National Company Law Tribunal (NCLT), New Delhi, initially admitted a petition filed by M/S Vedanta Limited. However, the parties subsequently reached a settlement through e-mail exchanges on 2017-12-20. The Supreme Court took these e-mails into consideration and, using its powers under Article 142 of the Constitution of India, set aside the NCLT's order. An application 38/2018 was filed by the Corporate Debtor placing on record the order passed by the Hon'ble Apex Court in SLP Civil 718/2018 whereby the proceedings before this Adjudication Authority has been set aside in exercise of their powers u/s 142 of the Constitution. The only
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The National Company Law Tribunal, New Delhi,…
The parties settled the…
The case involves an operational debt dispute between M/S Sequel Alloys and Wires Private Limited and M/S Vedanta Limited. The National Company Law Tribunal (NCLT), New Delhi, had admitted the petition of the operational creditor (M/S Vedanta Limited) via an order dated 2017-11-15. Subsequently, the parties settled the matter through e-mails exchanged on 2017-12-20.
M/S Sequel Alloys and Wires Private Limited was involved in a dispute concerning an operational debt with M/S Vedanta Limited. The National Company Law Tribunal (NCLT), New Delhi, initially admitted a petition filed by M/S Vedanta Limited. However, the parties subsequently reached a settlement through e-mail exchanges on 2017-12-20. The Supreme Court took these e-mails into consideration and, using its powers under Article 142 of the Constitution of India, set aside the NCLT's order. An application 38/2018 was filed by the Corporate Debtor placing on record the order passed by the Hon'ble Apex Court in SLP Civil 718/2018 whereby the proceedings before this Adjudication Authority has been set aside in exercise of their powers u/s 142 of the Constitution. The only
…The National Company Law Tribunal, New Delhi,…
The parties settled the…