NCLAT directs investigation against order passed by Chennai bench of NCLT

Quick Summary:

The National Company Law Appellate Tribunal (NCLAT) has directed the President of NCLT to conduct an enquiry into an order passed by it on March 15, 2022 saying it "cannot ignore the fact that the manner in which the order of 15.03.2022, has been passed", appears "dubious" and "not plausible".

In a rare incident, appellate tribunal NCLAT has directed an investigation into an order passed by the Chennai bench of the National Company Law Tribunal (NCLT).

The facts and submissions in the matter "raise questions over the functioning of NCLT", the appellate tribunal observed while passing the order.

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Category: BusinessFinance

Markets: India

Topics: Delhi Chennai National Company Law Tribunal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-15 @ 16:11:22 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 567 words

Reading Time: 4 minutes read

Sentences: 12 lines

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News ID: 27022488

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