The National Company Law Appellate Tribunal has ordered the National Company Law Tribunal to constitute a bench comprising of a Judicial Member and a Technical Member for disposal of a matter.
The bench comprising of Justice Bansi Lal Bhatt, Justice Jarat Kumar Jain and Justice Ashok Kumar Mishra noted that the matter was identical to the case of SonuCargo Movers (I) Pvt. Ltd. v. Union OfIndia (2019) where the Supreme Court had directed on 20 June, 2019 that the matter be heard by a two member bench comprising of a Judicial and Technical member instead of a single member bench. The NCLAT thus ordered the President, National Company Law Tribunal, New Delhi to appoint a two member bench in the given matter in conformity and compliance with the order passed by the Supreme Court on 20 June, 2019.
The matter was originally posted before a Single Bench of the National Company Law Tribunal, Indore Bench at Ahmedabad. The petitioner was led by counsel Abhijeet Sinha assisted by Advocates Nipun Singhvi, Vishal J Dave, Honey Satpal and Vinit Trehan.
Case Name: Indison Agro Foods Ltd. Versus Registrar & Anr.
Case Type: Company Appeal (AT) (Insolvency)
Case No.: 726-727 of 2020