NCLAT: Corporate Debtor’s Guarantor Liability Unchanged Despite Internal Adjustments Among Creditors  ||  NCLAT: Plea under IBC Section 7 Can't Be Restored After Corporate Debtor Pays Principal & Interest  ||  Delhi HC: Wife Can Be Denied Maintenance If She Fails To Submit Latest Salary Slips  ||  Kerala HC: Income of Parent Who Abandoned Family Shouldn’t Count For EWS Reservation Eligibility  ||  Gujarat HC: Writ Courts Interfering in Arbitral Procedure Orders Defies A&C Act’s Purpose  ||  Delhi HC: Plaintiff Doesn’t Have Vested Right to File Rejoinder under CPC  ||  J&K&L HC: Name Change Is Fundamental Right; Boards Must Consider Legal Documents, Not Reject Request  ||  SC: Administrative Delays by State Agencies Must Not Be Condoned  ||  Sc: When Sale Deed Is Void, Possession Suit Follows 12-Year Limitation under Article 65, Not Art 59  ||  SC: Preliminary Inquiry Report Can’t Stop Court from Directing FIR Registration    

Supreme Court: High Court can Intervene if NCLT Passes Order in Matter Relating to Public Law - (04 Dec 2019)

INSOLVENCY

Supreme Court has ruled that the High Court can exercise its power under Article 226 of Constitution of India if National Company Law Tribunal has passed an order pertaining to a matter falling under the realm of public law. The Court held that wherever the corporate debtor has to exercise a right that falls outside the purview of the Insolvency and Bankruptcy Code, 2016 they cannot through the resolution professional and go before the Tribunal for the enforcement of such a right.

Tags : SUPREME COURT   NCLT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved