NCLT Cannot Coerce Allottees Into Settlements

The jurisdiction of the National Company Law Tribunal ("NCLT") and the National Company Law Appellate Tribunal ("NCLAT") and the courses of action available to these authorities under Section 7 of the Insolvency and Bankruptcy Code, 2016 ("IBC") has been defined and limited by the Hon'ble Supreme Court ("the Court") through its recent judgment...