While disposing of ZEEL's appeal, the NCLAT also noted that the NCLT has committed an error in not granting reasonable and sufficient time for filing a reply, which is a complete violation of Rule 37 of NCLT Rules and Principles of Natural Justice. “Therefore...
The report recommends at para 3.3 that pre-pack insolvency shall be commenced by filing application with the Adjudicating Authority (AA) under the Insolvency and Bankruptcy Code, 2016, i.e. National Company Law Tribunal (NCLT). It is widely...