In this matter, a three-member apex court bench headed by Chief Justice DY Chandrachud on October 13, directed the NCLAT to proceed to its judgment and declare the results of the meeting only after getting the scrutiniser s report.
The National Company Law Appellate Tribunal (NCLAT) has suspended its order regarding the disclosure of the results of Finolex Cable s annual general meeting (AGM) after an enquiry by the Supreme Court. The Supreme Court had directed the NCLAT chairperson to conduct an enquiry following an allegation that one of its benches delivered an order without following the top court s directions.
On October 13, the court has asked NCLAT chairperson Justice (retd) Ashok Bhushan to conduct an inquiry whether a bench of the appellate tribunal defied the court s order. The report will be submitted by 5pm on October 16
NCLAT Suspends Its Judgement In Finolex Matter After Supreme Court s Order For Enquiry freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The tussle between the two factions of the Chhabria family, fighting for the control of Finolex Cables Ltd, is among the many family feuds that are currently on show and promises to be more entertaining than some of the competing ones!