https://www.taxtmi.com/caselaws?id=412325 The court dismissed the petitions challenging the jurisdiction of the National Company Law Tribunal (NCLT) and the validity of the impugned orders. It upheld the broad powers of the Central Government under the Companies Act to protect public interest and seek equitable remedies like disgorgement. The court emphasized that challenges to NCLT jurisdiction must be raised before the NCLT itself and that statutory remedies should be pursued over writ petitions. The court clarified that disgorgement is a civil action to prevent unjust enrichment and not a punishment, ultimately dismissing the petitions and disposing of pending applications. en-us Tue, 14 Sep 2021 00:00:00 +0530 Thu, 25 Nov 2021 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412325 The court dismissed the petitions challenging the jurisdiction of the National Company Law Tribunal (NCLT) and the validity of the impugned orders. It upheld the broad powers of the Central Government under the Companies Act to protect public interest and seek equitable remedies like disgorgement. The court emphasized that challenges to NCLT jurisdiction must be raised before the NCLT itself and that statutory remedies should be pursued over writ petitions. The court clarified that disgorgement is a civil action to prevent unjust enrichment and not a punishment, ultimately dismissing the petitions and disposing of pending applications. Case-Laws Companies Law Tue, 14 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412325