Employee transfer scheme challenge fails as application filed five years after 2011 implementation deemed time-barred The SC dismissed civil appeals challenging NCLAT orders regarding a scheme of arrangement involving transfer of employees from ATM and Cash Management ...
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Employee transfer scheme challenge fails as application filed five years after 2011 implementation deemed time-barred
The SC dismissed civil appeals challenging NCLAT orders regarding a scheme of arrangement involving transfer of employees from ATM and Cash Management Division. The NCLAT had ruled that a miscellaneous application was barred by limitation, being filed approximately five years after the scheme's implementation in 2011. The SC found no grounds to interfere with the NCLAT's decision and accordingly dismissed the appeals.
The Supreme Court, through Hon'ble Justices J. B. Pardiwala and R. Mahadevan, after hearing counsel and reviewing the record, held that there is "no good reason to interfere with the impugned orders passed by the National Company Law Appellate Tribunal, New Delhi." Consequently, the Civil Appeals were dismissed, and all pending applications were disposed of.
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