India News
Home > India News
SC: NCLT can decide disputes related to insolvency of corporate debtor
TIWN
TIWN
PHOTO : TIWN
New Delhi, March 9 (TIWN) The Supreme Court on Monday held that National Company Law Tribunal (NCLT) has jurisdiction to decide disputes in connection with the insolvency of a corporate debtor.
In a 138-page judgment, a bench of Justices D.Y. Chandrachud and M.R. Shah said: "NCLT has jurisdiction to adjudicate disputes, which arise solely from or which relate to the insolvency of the Corporate Debtor."
However, the top court issued a note of caution to NCLT and its appellate tribunal NCLAT to ensure that they do not usurp the legitimate jurisdiction of other courts, tribunals and fora when the dispute is one which does not arise solely from or relate to the insolvency of the corporate debtor.
Add your Comment
Comments (0)
More India News
- Mamata Banerjee Detained by Delhi Police During Jantar Mantar Protest
- Dhruv Rathee detained from Gurugram home before CJP protest
- Trump, Netanyahu Praise Indian Pilot Smit Machchhar; PM Modi Speaks to His Family
- LeT Terrorist Killed in Encounter in J&K’s Budgam
- India Govt Supports Supreme Court Move to Legally Bar Minors From Social Media
Special Articles
Sanjay Majumder
Anirban Mitra