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Chief Justice of India DY Chandrachud said the National Company Law Tribunal and National Company Law Appellate Tribunal have gone to rot. The court has set aside the order and called for fresh hearing
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
The case pertained to the Annual General Meeting (AGM) of Finolex cables. The NCLAT had on September 21 2023, passed an order directing status quo on conduct of the AGM, till they adjudicate on the dispute
The case pertained to the Annual General Meeting (AGM) of Finolex cables. The NCLAT had in September 2023, passed an order directing status quo on conduct of the AGM, till they adjudicate on the dispute between cousins Prakash Chabria and Deepak Chabria.