https://www.taxtmi.com/caselaws?id=361523 The Tribunal held that the Central Government could not empower NCLAT to hear appeals through a notification not related to the I&B Code. It also found a conflict in the time period for filing appeals, ruling that NCLAT could not entertain appeals beyond the statutory limit. Regarding the legality of the demerger scheme, the Tribunal noted its illegality but refrained from setting it aside due to jurisdictional limitations and time constraints. The appeals were deemed barred by limitation and not maintainable, with the Tribunal emphasizing NCLAT's lack of jurisdiction in certain matters. en-us Mon, 28 May 2018 00:00:00 +0530 Fri, 08 Jun 2018 08:25:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361523 The Tribunal held that the Central Government could not empower NCLAT to hear appeals through a notification not related to the I&B Code. It also found a conflict in the time period for filing appeals, ruling that NCLAT could not entertain appeals beyond the statutory limit. Regarding the legality of the demerger scheme, the Tribunal noted its illegality but refrained from setting it aside due to jurisdictional limitations and time constraints. The appeals were deemed barred by limitation and not maintainable, with the Tribunal emphasizing NCLAT's lack of jurisdiction in certain matters. Case-Laws Insolvency and Bankruptcy Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361523