NCLAT
Litigation News
One NCLT Bench cannot act as an appellate authority and stay an order passed by a coordinate Bench: NCLAT
The order was passed by a two-member Bench of Member (Judicial) Venugopal M and Member (Techinal) VP Singh.
The National Company Law Appellate Tribunal (NCLAT) has affirmed that a Bench of National Company Law Tribunal (NCLT) cannot act as an appellate authority and stay an order passed by a coordinate Bench of the same Tribunal. (Abhijit Guhathakurta, Monitoring Agency of the Corporate Debtor vs Royale Partners Investment Fund Ltd)