https://www.taxtmi.com/caselaws?id=279840 The Supreme Court held that the appeal filed by the Central Government was not maintainable due to exceeding the scope of the removal of difficulties provision. The National Company Law Appellate Tribunal's decision was upheld on maintainability grounds, setting aside the part dealing with limitation and declaring the Scheme illegal. The Court revived writ petitions before the High Court of Delhi, granting liberty to amend within four weeks. The High Court was directed to expedite proceedings, keeping all points open for consideration. The appeals were disposed of, and pending applications were deemed disposed of as well, with instructions for swift resolution by the High Court. en-us Thu, 25 Oct 2018 00:00:00 +0530 Mon, 08 Apr 2019 00:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279840 The Supreme Court held that the appeal filed by the Central Government was not maintainable due to exceeding the scope of the removal of difficulties provision. The National Company Law Appellate Tribunal's decision was upheld on maintainability grounds, setting aside the part dealing with limitation and declaring the Scheme illegal. The Court revived writ petitions before the High Court of Delhi, granting liberty to amend within four weeks. The High Court was directed to expedite proceedings, keeping all points open for consideration. The appeals were disposed of, and pending applications were deemed disposed of as well, with instructions for swift resolution by the High Court. Case-Laws Insolvency and Bankruptcy Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279840