Adjudicating Authority cannot review judgment on merits: NCLAT Delhi

Adisri Commercial Pvt. Ltd. Vs Reserve Bank of India & Ors. (NCLAT Delhi)

The National Company Law Appellate Tribunal (NCLAT) Delhi recently delivered a significant judgment in the case of Adisri Commercial Pvt. Ltd. vs. Reserve Bank of India & Others. This case revolves around appeals filed against an order passed by the Adjudicating Authority (National Company Law Tribunal) Kolkata Bench. The appeals were filed by the appellant, a shareholder of the corporate debtor, challenging the order admitting the corporate debtor into Corporate Insolvency Resolution Process (CIRP).<

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