https://www.taxtmi.com/caselaws?id=291189 The National Company Law Tribunal (NCLT) declined to grant an interim order for initiating Corporate Insolvency Resolution Process until a government notification is issued. The Tribunal deliberated on its authority under the Companies Act, 2013 to issue orders under Sections 241 and 242 to address the company's challenges and enhance asset value. It also discussed the potential for liquidation in case of resolution failure. Additionally, the Tribunal issued interim orders to halt various actions against the company and its group entities to maintain the status quo and safeguard their interests. en-us Mon, 15 Oct 2018 00:00:00 +0530 Sat, 31 Oct 2020 16:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291189 The National Company Law Tribunal (NCLT) declined to grant an interim order for initiating Corporate Insolvency Resolution Process until a government notification is issued. The Tribunal deliberated on its authority under the Companies Act, 2013 to issue orders under Sections 241 and 242 to address the company's challenges and enhance asset value. It also discussed the potential for liquidation in case of resolution failure. Additionally, the Tribunal issued interim orders to halt various actions against the company and its group entities to maintain the status quo and safeguard their interests. Case-Laws Companies Law Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291189