Difference between ‘Adjudicating Authorities’ & ‘Court’: NCLAT clarifies

Shreya Jain Vijay Pal Garg & Ors. Vs Pooja Bahry (NCLAT) While the Hon’ble National Company Law Tribunals all over India have been time and again directing the Central Government to order an investigation into the affairs of the Corporate Debtor as and when it deems that the same ought to be done, this mechanism however may hit a turbulence after the recent ruling of NCLAT [Vijay Pal Garg & Ors. Vs. Pooja Bahry (Liquidator in the matter of Gee Ispat Private Limited in Company Appeal (AT) Insolvency No. 949 of 2019], wherein it was held that the Adjudicating Authorities cannot possess...