When can High Court entertain writ petition against order passed by NCLT under IBC? – Supreme Court answers

When can High Court entertain writ petition against order passed by NCLT under IBC? – Supreme Court answers

The Supreme Court has held that the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) do not have the jurisdiction to adjudicate upon disputes which revolve around decisions of statutory or quasi-judicial authorities as the same can be corrected only by way of judicial review of administrative action.

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