2022 (4) TMI 310

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r>Insolvency & Bankruptcy<br>[Justice Ashok Bhushan] Chairperson, [Dr. Alok Srivastava] Member (Technical) And [Shreesha Merla] Member (Technical) For the Appellant : Mr. Manan Batra, Advocate For the Respondent : Mr. Sunder Khatri, Advocate for Liquidator ORDER (Through Virtual Mode) Heard Learned Counsel for the Appellant. 2. This Appeal has been filed against the order dated 24.03.2022 pa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ich is not in accord with Rule 146 of the NCLT Rules, 2016. Rule 146 of the NCLT Rules is as follows: "146. Disposal of Cases.- On receipt of an application, petition, appeal etc, the Tribunal, after giving the parties a reasonable opportunity of being heard, pass such orders thereon as it thinks fit: Provided that the Tribunal, after considering an appeal, may summarily dismiss the same, for re....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ons entrusted to the President under these rules and such other powers as my be relevant to carry out his duties as head of the Tribunal while exercising the general superintendence and control over the administrative functions of the Members, Registrar, Secretary and other staff of the Tribunal" 6. It is prerogative of the President of NCLT to assign a matter to a particular Bench or tag with an....