NCLAT Vacates Status Quo, Upholds Corporate Debtor’s Right to Replace Voluntary Liquidator

Vinod Singh Vs Chandra Prakash Jain (NCLAT Delhi) NCLAT Rules on Corporate Debtor’s Right to Replace Voluntary Liquidator The National Company Law Appellate Tribunal (NCLAT) in New Delhi heard two appeals, Company Appeal No. 800 of 2025 and Company Appeal No. 801 of 2025, filed by Vinod Singh, the Managing Director of the Corporate Debtor, Transmissions International India Private Limited (TIIPL). The appeals challenged two orders from the National Company Law Tribunal (NCLT) in Ahmedabad. The core issue was whether the NCLT had the authority to interfere with a Corporate Debtor’s ...