Investigation deposits refunded after failed customs demands fall outside the statutory appellate pre-deposit interest regime and may attract compensa...
Resolution plan finality extinguishes unquantified operational-creditor claims and pending proceedings unless the approved plan expressly preserves th...
Stakeholder-list modification permits liquidators to update entries on new information, subject to notifying the Adjudicating Authority within prescri...
The NCLAT allowed the company appeal, quashed the impugned NCLT order and remitted the petition to the NCLT, Hyderabad Bench for fresh adjudication. The Tribunal concluded that proceedings under ss. 241, 242, 213 and 119 of the Companies Act, 2013 read with Rr. 11, 23 and 43 of the NCLT Rules, 2016 were vitiated by denial of an effective opportunity of hearing, breaching principles of natural justice. Because the Respondents conceded the defect, the matter is returned for reconsideration solely on its merits based on the material on record, and no determination on substance was made by the NCLAT.
The NCLAT allowed the company appeal, quashed the impugned NCLT order and remitted the petition to the NCLT, Hyderabad Bench for fresh adjudication. The Tribunal concluded that proceedings under ss. 241, 242, 213 and 119 of the Companies Act, 2013 read with Rr. 11, 23 and 43 of the NCLT Rules, 2016 were vitiated by denial of an effective opportunity of hearing, breaching principles of natural justice. Because the Respondents conceded the defect, the matter is returned for reconsideration solely on its merits based on the material on record, and no determination on substance was made by the NCLAT.
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TaxTMI 
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