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NCLT Rule 49 Grants Adjudicating Authority Discretion to Proceed Ex Parte; This Power Is Not Absolute: NCLAT Delhi
Case Law Details
- Case Name
- Ashok Tiwari Vs DBS Bank India (Ltd.) & Anr. (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Ashok Tiwari Vs DBS Bank India (Ltd.) & Anr. (NCLAT Delhi)
The case of Ashok Tiwari Vs. DBS Bank India (Ltd.) & Anr. revolves around an appeal filed by a Suspended Director of the Corporate Debtor challenging an order passed by the National Company Law Tribunal (NCLT), New Delhi Bench (Court-II) on January 15, 2024. This order rejected the application filed by the appellant seeking to recall an earlier order passed on March 25, 2022, which admitted a Section 7 application filed by DBS Bank India Limited.
The background of the case involves M/s. Vyam Technologies Ltd., ...
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