NCLT Cannot Transfer Cases Beyond Its Territorial Jurisdiction: Gujarat HC

Arcelormittal Nippon Steel India Limited Vs National Company Law Tribunal Acting Through Registrar & Ors. (Gujarat High Court) The Gujarat High Court has ruled that the President of the National Company Law Tribunal (NCLT) has no authority to alter or extend the territorial jurisdiction of any bench beyond the limits prescribed under the NCLT Rules, 2016. Setting aside an order issued by the NCLT, New Delhi, transferring proceedings from the Ahmedabad Bench to the Mumbai Bench in the ArcelorMittal Nippon Steel India Ltd. case, the Court held that such transfers were beyond the President’...