Renukaswamy Murder Case: Karnataka High Court Grants Interim Bail To Actor Darshan  ||  2012 Disproportionate Assets Case: Madras HC Sets Aside Discharge of Former CM Panneerselvam  ||  Delhi High Court Grants Bail to Vaibhav Jain and Ankush Jain in the PMLA Case  ||  Delhi HC: Matter of admission of Rohingya refugee children is policy decision; to be taken by Centre  ||  Kerala Court Dismissed Anticipatory Bail Application of CPM Leader Accused of Abetting ADM's Suicide  ||  Kerala HC Dismisses Transfer Petition Alleging Bias of Judicial Officer and Imposes Rs. 15K as Cost  ||  Raj. HC: Right To Live with Dignity Includes Being Able to Attend Once in a Lifetime Family Rituals  ||  Mutilation property in DUSU Election: Del. HC Directs Candidates to File Affidavit & Beautify Campus  ||  Kar. High Court Directs Release of Union Minister Prahlad Joshi's Brother, Nephew in Cheating Case  ||  NCLAT: Dissenting Financial Creditor Entitled to Liquidation Value of its Secured Interest only    

Supreme Court: NCLAT Cannot Use its ‘Inherent Powers’ to Subvert Legal Provisions - (25 Oct 2024)

INSOLVENCY

SC has held that 'inherent powers' cannot be used to subvert legal provisions, which exhaustively provide for a procedure. To permit the NCLAT to circumvent this detailed procedure by invoking its inherent powers under Rule 11 would run contrary to the carefully crafted procedure for withdrawal.

Tags : SUPREME COURT   LEGAL PROVISIONS   INHERENT POWERS  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved