NCLAT Chennai orders inquiry into NCLT’s functioning

Asset Reconstruction Company (India) Limited Vs Ebenezar Inbaraj (NCLAT Chennai) The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, has dismissed an appeal filed by Asset Reconstruction Company (India) Limited against an order passed by the National Company Law Tribunal (NCLT). The dismissal came at the request of the appellant’s counsel, who submitted that the appeal had become infructuous due to the admission of their claim. However, while dismissing the appeal, the NCLAT took a serious note of the manner in which the NCLT had passed the order dated March 15, 2022, whi...