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NCLT cannot unilaterally change appointed date while admitting scheme of arrangement
Case Law Details
- Case Name
- Marathon Nextgen Townships Pvt Ltd Vs Regional Director (NCLAT)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
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- Courts
- NCLAT
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Marathon Nextgen Townships Pvt Ltd Vs Regional Director (NCLAT)
Introduction: In the legal landscape of corporate restructuring, the case of Marathon Nextgen Townships Pvt Ltd vs. Regional Director stands as a significant precedent. The National Company Law Appellate Tribunal (NCLAT) clarified the National Company Law Tribunal’s (NCLT) supervisory role when statutory requirements of an amalgamation scheme are satisfied.
Background and Appeal: The case began when the appellants, Marathon Nextgen Townships Pvt Ltd (Appellant No.1) and Marathon Nextgen Realty Ltd (Appellant No.2), challenge...
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