NCLAT Rejects Plea to Deposit ₹15.62 Crore After Judgment Reserved

Satinder Singh Bhasin Erstwhile Director of Bhasin Infotech And Infrastructure Pvt Ltd Vs Col Gautam Mullick & Ors (NCLAT Delhi) The National Company Law Appellate Tribunal (NCLAT), Delhi, dismissed an application filed under Rule 11 of the NCLAT Rules by Satinder Singh Bhasin, an erstwhile director of Bhasin Infotech And Infrastructure Pvt Ltd. The appellant sought permission to deposit ₹15.62 crore after the main appeal had been fully heard and reserved for judgment. The deposit was intended to demonstrate bona fides and secure a stay on the final order pronouncement. The NCLAT held th...