Examples of NCLT in a sentence
As the CD did not refute or reply to the apprehension nor give an undertaking, it was held that the AA could invoke its inherent jurisdiction under Rule 11 of the NCLT Rules, 2016 and restrain the CD and its directors from alienating, encumbering or creating any interest on the assets of the company till further orders.
TypeSection of Companies ActBrief descriptionDetails of penalty/ punishment / compounding fee imposedAuthority [RD /NCLT/ Court]Appeals made, if any A.
Ltd.2919.04.201028.06.201031.12.201121.08.201222.02.201306.12.2013& 25.05.2015Letter of acknowledgement of debt by borrower and guarantor3030.08.2017Order passed by NCLT, Ahmedabad in respect of application filed by the borrower namely Sarthak Creation P.
The Successful Bidder will also be entitled to seek appropriate reliefs and concessions, if any which it may require for continuation of the Corporate Debtor as a going concern from the Hon’ble NCLT.
The Liquidator shall be in no event be responsible for any liabilities / obligation / risks pertaining to the period prior to the Liquidation Commencement Date, and the same shall be dealt with, as per the provisions of law and directions of the NCLT or any higher authority thereof.