https://www.taxtmi.com/caselaws?id=783023 NCLAT Chennai considered an appeal by a financial creditor against an NCLT order that had imposed costs of Rs.50,000/- and made stigmatic observations on alleged negligence of the creditor's officials and counsel, directing communication of the order to senior bank management. Referring to its earlier rulings, NCLAT held that such stigmatic findings could not be sustained without affording an effective opportunity to the concerned officials and counsel to defend themselves against the allegation of negligence. Accordingly, the adverse observations in the impugned order, particularly those in paragraph 2, were ordered to be expunged, and the appeal was disposed of. en-us Tue, 16 Sep 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783023 NCLAT Chennai considered an appeal by a financial creditor against an NCLT order that had imposed costs of Rs.50,000/- and made stigmatic observations on alleged negligence of the creditor's officials and counsel, directing communication of the order to senior bank management. Referring to its earlier rulings, NCLAT held that such stigmatic findings could not be sustained without affording an effective opportunity to the concerned officials and counsel to defend themselves against the allegation of negligence. Accordingly, the adverse observations in the impugned order, particularly those in paragraph 2, were ordered to be expunged, and the appeal was disposed of. Case-Laws IBC Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783023