NCLAT refuses to reconsider the decision in V Padamakumar, calls reference to five-member bench 'inappropriate' and 'incompetent'

NCLAT stated that the decision in V Padamakumar was arrived at after considering the relevant and latest authoritative pronouncements of the Supreme Court.
NCLAT refuses to reconsider the decision in V Padamakumar, calls reference to five-member bench 'inappropriate' and 'incompetent'
NCLAT

Calling it "inappropriate", incompetent" and a "misadventure", a five-member bench of the National Company Law Appellate Tribunal has turned down the reference by a three-member bench to reconsider the decision in V Padamakumar vs Stressed Assets Stabilization Fund (SASF) & Anr. [Bishal Jaiswal vs ARC LTd & Ors]

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