NCLAT Directs NCLT on CoC Reconstitution: Srei Equipment Finance Ltd. Vs Harsh Arora

Srei Equipment Finance Ltd. Vs Harsh Arora & Anr. (NCLAT Delhi)

The case of Srei Equipment Finance Ltd. Vs Harsh Arora & Anr. saw the National Company Law Appellate Tribunal (NCLAT) intervene regarding the reconstitution of the Committee of Creditors (CoC). The appeal stemmed from an order passed by the Adjudicating Authority and raised crucial questions about the legality of certain actions taken during the insolvency proceedings.

The crux of the matter lay in an application filed by Punjab National Bank (PNB), seeking various directions from the Adjudicating Author

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