The National Company Law Tribunal, Ahmedabad Bench, comprising of Dr. Madan B. Gosavi and Shri Ajai Das Mehrotra, while adjudicating an application under Section 60 of Insolvency and Bankruptcy Code, 2016 filed by the Resolution Professional of JBF Petrochemicals Ltd in IDBI Bank Ltd vs JBF Petrochemicals Ltd. has held that NCLT has limited residuary jurisdiction under section 60 of …
The National Company Law Appellate Tribunal, Principal Bench, comprising of Justice Ashok Bhushan, Justice M. Satyanarayana Murthy and Mr. Barun Mitra, while adjudicating an appeal filed in Mr. Hemant Mehta v Asst. The Adjudicating Authority vide an order dated 31.01.2022 directed the Liquidator to take up with the relevant government authorities and their grievances redressal mechanism to de-freeze the bank …