The National Company Law Appellate Tribunal, Principal Bench comprising of Justice Ashok Bhushan and Shri Barun Mitra, while adjudicating an appeal filed in Shri Guru Containers v Jitendra Palande, has held that creditors must not shift the entire blame on the IRP on grounds of non-performance of duty and make him the scapegoat. Background Facts Shri Guru Containers filed an …
The Supreme Court has expressed anguish at the delay in execution of a decree passed in favour of the judgment-creditor in the year 1989. On 09.11.2010, the High Court directed the Revenue Court to dispose of the Execution Petition within a period of two months from the date of receipt of the said order. Acknowledging the difficulties faced by the …