Examples of National Company Law Appellate Tribunal in a sentence
Under any proceedings or pursuant to any order of courts or tribunals; Example: National Company Law Tribunal, National Company Law Appellate Tribunal, Quasi-judicial authority, Other Appellate Tribunals, Arbitration Proceedings, etc.
Further, in the matter of Company Appeal No. 346 of 2018 and Company Appeal No. 347 of 2018 between Union of India (UOI) and IL&FS before the National Company Law Appellate Tribunal (NCLAT), Order dated October 15, 2018 was passed, pursuant to which inter alia, stay was imposed on declaring any event of default and also on initiating any legal proceedings against all the IL&FS group companies (including HREL).
It has clarified the scope of powers of the Committee of Creditors ( CoC) of a corporate debtor and has set aside the order of the National Company Law Appellate Tribunal (NCLAT) by which decisions of the CoC of Essar Steel were modified/set aside.
All terms and conditions with respect to the sale of the asset(s) shall be governed by the directions of the Liquidator, National Company Law Tribunal (NCLT), National Company Law Appellate Tribunal (NCLAT) and in accordance with the provisions of applicable laws.
Moreover, as per proceedings before the National Company Law Appellate Tribunal as available in public domain, IL&FS Transportation Network Limited has been placed under the ‘Red’ category by the new Board of Directors which means that such entities cannot meet their payment obligations towards even the senior secured financial creditors.
Under any proceedings or pursuant to any order of courts or tribunals; Example: National Company Law Tribunal, National Company Law Appellate Tribunal, Quasi- judicial authority, Other Appellate Tribunals, Arbitration Proceedings, etc.
Any person aggrieved by an order of the National Company Law Appellate Tribunal may file an appeal to the Supreme Court on a question of law arising out of such order under this Code within forty-five days from the date of receipt of such order.
AMC filed an intervention application before National Company Law Appellate Tribunal (NCLAT) against the Withdrawal Application so as to enable the AMC to oppose the grant of relief sought in the Withdrawal Application.
NCLT vide its order dated February 3, 2022 approved the resolution plan, which was subsequently approved by National Company Law Appellate Tribunal (NCLAT) vide its order dated March 11, 2022.
Statement II - Section 242 does not empower National Company Law Appellate Tribunal to grant relief by way of prevention of apprehended mismanagement of the company due to material change which has taken place in its management or control.