2021 (3) TMI 1283

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.... For the Respondent : Mr. Z. A. Shah, Sr. Advocate with Assisting Counsel. ORDER 1. The issue of maintainability of the present petition is in picture and is being dealt with in the present order. 2. The petitioner-company through the medium of the present writ petition has challenged the judgment dated 10.01.2020, passed by National Company Law Tribunal, Chandigarh under Section 7 of In....

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....gh grounds of the writ petition the exact nature of grievance which they may have qua the judgment passed by the Tribunal. 4. The learned counsel appearing for the petitioners has submitted that the Tribunal has committed error on many aspects and go to the root of the case. The Tribunal lacked the jurisdiction to entertain the petition filed before it and passed the order which was not within ....

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....f to the maintainability of the writ petition it is expedient that the court should not have detailed examination and determination of the grievance of the petitioner on factual aspects of the matter while deciding the present issue and therefore the same are not dealt with. 7. The learned counsels for the both sides have banked upon certain observations of the judgements (supra) in support of ....

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....ous grounds. The very challenge to the proceedings filed by the bank before the Tribunal has been agitated in the writ petition and in addition to that the violation of the provisions of Section 7 and Section 10 of the Code stand highlighted in the writ petition. The proceedings initiated before the civil courts against the bank with regard to the transaction entertained into between the petitione....