Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
The HC held that the petitioner was not entitled to have an application filed after the matter was reserved for orders heard before the NCLT pronounced its decision. The Court emphasized that once the hearing is concluded and the matter reserved, the making and pronouncement of orders may follow at a later time for convenience, without violating principles of natural justice. The petitioner's claim that denial of opportunity to place on record a document post-reservation caused serious miscarriage of justice was rejected. The HC reiterated that interference under the IBC, 2016 proceedings by High Courts should be sparing and only in exceptional circumstances. As the petitioner failed to demonstrate any necessity for interference to meet ends of justice, the application was dismissed and no relief granted.
The HC held that the petitioner was not entitled to have an application filed after the matter was reserved for orders heard before the NCLT pronounced its decision. The Court emphasized that once the hearing is concluded and the matter reserved, the making and pronouncement of orders may follow at a later time for convenience, without violating principles of natural justice. The petitioner's claim that denial of opportunity to place on record a document post-reservation caused serious miscarriage of justice was rejected. The HC reiterated that interference under the IBC, 2016 proceedings by High Courts should be sparing and only in exceptional circumstances. As the petitioner failed to demonstrate any necessity for interference to meet ends of justice, the application was dismissed and no relief granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
