https://www.taxtmi.com/caselaws?id=752086 SC allowed appeal regarding NCLT jurisdiction and bench constitution. NCLAT had held that Member (Judicial) lacked authorization under Section 419(3) proviso to exercise tribunal powers when admitting Section 9 IBC application. However, SC found that President had constituted Special Bench at New Delhi for specific dates comprising Single Member (Judicial) through notification dated 12.02.2020. Since Member (Judicial) heard application on 04.02.2020 and delivered judgment on 17.08.2020, and NCLAT lacked knowledge of this authorization notification, the impugned order was set aside. en-us Tue, 23 Apr 2024 00:00:00 +0530 Fri, 03 May 2024 08:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752086 SC allowed appeal regarding NCLT jurisdiction and bench constitution. NCLAT had held that Member (Judicial) lacked authorization under Section 419(3) proviso to exercise tribunal powers when admitting Section 9 IBC application. However, SC found that President had constituted Special Bench at New Delhi for specific dates comprising Single Member (Judicial) through notification dated 12.02.2020. Since Member (Judicial) heard application on 04.02.2020 and delivered judgment on 17.08.2020, and NCLAT lacked knowledge of this authorization notification, the impugned order was set aside. Case-Laws Insolvency and Bankruptcy Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752086