https://www.taxtmi.com/caselaws?id=784266 Dispute arose in company appeals challenging rejection of a petition under Companies Act, 2013 ss. 59, 241-242 read with s. 244, where prior liberty to commence mediation failed due to parties' inability to agree on a mediator. NCLAT held that, since both sides consented to court-appointed mediation to break the stalemate, it was appropriate to appoint a retired HC Judge as mediator, fix remuneration at ?1,00,000 per sitting to be shared equally, and direct completion within up to 10 sittings, while leaving parties free to pursue legal remedies if mediation fails. The appeals were disposed of accordingly. en-us Mon, 08 Dec 2025 00:00:00 +0530 Thu, 01 Jan 2026 08:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784266 Dispute arose in company appeals challenging rejection of a petition under Companies Act, 2013 ss. 59, 241-242 read with s. 244, where prior liberty to commence mediation failed due to parties' inability to agree on a mediator. NCLAT held that, since both sides consented to court-appointed mediation to break the stalemate, it was appropriate to appoint a retired HC Judge as mediator, fix remuneration at ?1,00,000 per sitting to be shared equally, and direct completion within up to 10 sittings, while leaving parties free to pursue legal remedies if mediation fails. The appeals were disposed of accordingly. Case-Laws Companies Law Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784266