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NCLT Cannot Decide Legality Of A Foreign Decree, Rules NCLAT [Read Judgment]

NCLT Cannot Decide Legality Of A Foreign Decree, Rules NCLAT [Read Judgment]

The National Company Law Appellate Tribunal has held that NCLT, the 'adjudicating authority' under the Insolvency and Bankruptcy Code, was not a 'court' or a 'tribunal' and hence cannot decide the...

4 Dec 2018 6:51 AM GMT
[ArcelorMittal Vs Numetal] Lender Banks Cannot Be Left Hanging For Forever: SC

[ArcelorMittal Vs Numetal] Lender Banks Cannot Be Left Hanging For Forever: SC

'Lenders cannot be left hanging for forever', the Supreme Court today observed and made it clear that the Insolvency and Bankruptcy Code (IBC) was brought to ensure that the dues of the companies,...

19 Sep 2018 4:18 PM GMT