NCLT Ordered to Reassess Asset Freezing Case, Ensuring Fair Hearing and Adherence to Natural Justice Principles.

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....Freezing of Assets and ‘Bank Accounts’ of the Appellant - Opportunity of Hearing provided or not - principles of natural justice - NCLT is directed to pass necessary fresh recent orders in a fair, just, dispassionate manner on merits, afresh (because of the fact that there was a ‘negation of principles of natural justice’ in not adhering to the ‘National Company Law Tribunal’ Rules, 2016, in so far as the Appellants/Respondents 11 and 12 are concerned). - AT....