https://www.taxtmi.com/caselaws?id=430277 The Appellate Tribunal disposed of an appeal under Section 421 of the Companies Act, 2013 against an NCLT Kolkata Bench order. The appeal involved interpretation of Section 244, focusing on a single member's right to remedies. The Appellants contested the NCLT's waiver of requirements under Section 244(1), arguing it exceeded legislative intent. The Respondent asserted NCLT's power to waive requirements and cited precedent. The Appellate Tribunal refrained from assessing merits, urging NCLT to expedite proceedings and directing parties to address issues there. The judgment emphasized uploading on the Tribunal's website and sending a copy to the NCLT Kolkata Bench. en-us Tue, 15 Nov 2022 00:00:00 +0530 Wed, 16 Nov 2022 08:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430277 The Appellate Tribunal disposed of an appeal under Section 421 of the Companies Act, 2013 against an NCLT Kolkata Bench order. The appeal involved interpretation of Section 244, focusing on a single member's right to remedies. The Appellants contested the NCLT's waiver of requirements under Section 244(1), arguing it exceeded legislative intent. The Respondent asserted NCLT's power to waive requirements and cited precedent. The Appellate Tribunal refrained from assessing merits, urging NCLT to expedite proceedings and directing parties to address issues there. The judgment emphasized uploading on the Tribunal's website and sending a copy to the NCLT Kolkata Bench. Case-Laws Insolvency and Bankruptcy Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430277