TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Highlights
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
NCLAT allowed the appeal, setting aside the NCLT's order rejecting the Section 7 IBC application on the ground of lack of competence of the creditor's representative. It held that, after reserving judgment, NCLT could not entertain an oral objection on authorization and then disregard the subsequently filed Board Resolution and IA under Section 60(5) IBC without reasoned adjudication. The procedure adopted was found to be legally flawed and not a proper adjudication of the lis on merits. The matter was remitted to NCLT, Hyderabad Bench, to reconsider the Section 7 petition afresh on all issues, including authorization, after granting effective opportunity of hearing to both sides.
TaxTMI 
TaxTMI 
