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Kerala HC Questions NCLT’s Power to Impose ₹1 Lakh Per Day for Non-Compliance

Case Law Details

Case Name
Gramox Paper & Boards Pvt. Ltd. Vs NCLT (Kerala High Court)
Date of Judgement/Order
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Gramox Paper & Boards Pvt. Ltd. Vs NCLT (Kerala High Court) The Kerala High Court considered a writ petition challenging an order dated 20.02.2026 passed by the National Company Law Tribunal (NCLT), Kochi Bench. The petitioner primarily challenged the portion of the NCLT’s order imposing a liability of ₹1,00,000 per day in the event of non-compliance with an earlier direction. The petitioner also contended that it was unable to challenge the order before the appellate tribunal due to the bar contained in Section 421(2) of the Companies Act, 2013 relating to consent orders. The disp...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,460

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