https://www.taxtmi.com/caselaws?id=776534 The NCLAT set aside the impugned NCLT order dated 03.01.2025 for violating principles of natural justice by issuing an unreasoned order without recording prima facie satisfaction or providing ample opportunity to the respondents to oppose the application. The NCLT failed to give any reasons or findings, rendering the order unsustainable. Additionally, no proper notice was issued, and the opportunity to file a reply was deemed a mere formality, denying the respondents a fair chance to contest. The Tribunal emphasized the settled legal position that reasons are essential in judicial orders and upheld the requirement of reasonable opportunity under Rule 37. The appeal was allowed, and the NCLT order was set aside on these grounds. en-us Fri, 08 Aug 2025 00:00:00 +0530 Wed, 13 Aug 2025 07:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776534 The NCLAT set aside the impugned NCLT order dated 03.01.2025 for violating principles of natural justice by issuing an unreasoned order without recording prima facie satisfaction or providing ample opportunity to the respondents to oppose the application. The NCLT failed to give any reasons or findings, rendering the order unsustainable. Additionally, no proper notice was issued, and the opportunity to file a reply was deemed a mere formality, denying the respondents a fair chance to contest. The Tribunal emphasized the settled legal position that reasons are essential in judicial orders and upheld the requirement of reasonable opportunity under Rule 37. The appeal was allowed, and the NCLT order was set aside on these grounds. Case-Laws IBC Fri, 08 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776534