NCLAT directs investigation against order passed by Chennai bench of NCLT

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NCLAT directs investigation against order passed by Chennai bench of NCLT - Business Standard

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.