https://www.taxtmi.com/caselaws?id=415391 An ex parte interim order was set aside because it was passed without notice to the opposite party and without a reasonable opportunity of hearing, contrary to the procedural requirements reflected in Section 420 of the Companies Act, 2013 and Rule 37 of the NCLT Rules, 2016. The appellate tribunal did not examine the merits of the company petition or the parties' rival claims on maintainability, and held that the matter had to be reconsidered afresh after completion of pleadings and hearing both sides. The company petition was remanded for de novo consideration, with liberty to raise all factual and legal pleas. en-us Wed, 24 Nov 2021 00:00:00 +0530 Fri, 03 Dec 2021 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415391 An ex parte interim order was set aside because it was passed without notice to the opposite party and without a reasonable opportunity of hearing, contrary to the procedural requirements reflected in Section 420 of the Companies Act, 2013 and Rule 37 of the NCLT Rules, 2016. The appellate tribunal did not examine the merits of the company petition or the parties' rival claims on maintainability, and held that the matter had to be reconsidered afresh after completion of pleadings and hearing both sides. The company petition was remanded for de novo consideration, with liberty to raise all factual and legal pleas. Case-Laws Companies Law Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415391