https://www.taxtmi.com/caselaws?id=759179 NCLAT Chennai quashed NCLT's judgment dated 09.07.2024 in CP/IB/173(CHE)/2023 for being perverse and without application of mind. The tribunal failed to consider appellant's objections and record specific findings on undenied pleadings, as respondent did not file counter affidavit. NCLAT held the judgment violated Section 424 of Companies Act and Mobilox Innovations guidelines for Section 9 applications. Matter remanded to NCLT Chennai for fresh consideration of rival contentions and merits. en-us Tue, 24 Sep 2024 00:00:00 +0530 Wed, 25 Sep 2024 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759179 NCLAT Chennai quashed NCLT's judgment dated 09.07.2024 in CP/IB/173(CHE)/2023 for being perverse and without application of mind. The tribunal failed to consider appellant's objections and record specific findings on undenied pleadings, as respondent did not file counter affidavit. NCLAT held the judgment violated Section 424 of Companies Act and Mobilox Innovations guidelines for Section 9 applications. Matter remanded to NCLT Chennai for fresh consideration of rival contentions and merits. Case-Laws IBC Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759179