Tag: NCLT
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Administrative Transfers Within the NCLT: The Supreme Court on the Scope of Presidential Powers
[Shourya Parihar is a 4th year B.A. LL.B. (Hons.) student at Vivekanand Institute of Professional Studies, Guru Gobind Singh Indraprastha University, New Delhi] The Supreme Court has agreed to look into an institutional question concerning the National Company Law Tribunal(NCLT). The issue is narrow, yet its implications are substantial. At its centre lies is the extent of the…
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Reprimand or Warning Orders by NCLT
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NCLT Denies Itself the Power to Dispense With Meetings in an Amalgamation
Hitherto, schemes of arrangement were carried out under sections 391 to 394 of the Companies Act, 1956 and the jurisdiction for sanction of the schemes was exercised by the relevant High Court. At the initial stage, the role of the High Court was to call for the meetings of various classes of shareholders and creditors…
