Single member cannot pass order on matter heard by two Members: NCLAT

Raj Singh Gehlot, Director of Ambience Pvt. Ltd. Vs Vistra ITCL (India) Ltd. & Anr. (National Company Law Appellate Tribunal Delhi) The ‘Vistra ITCL(India) Ltd.’ filed an application Under Section 7 of the Insolvency & Bankruptcy Code, 2016 (‘I&B’ Code, for short) for initiation of ‘Corporate Insolvency Resolution Process’ against ‘Ambience Pvt. Ltd.’ (‘Corporate Debtor’), the Divisional Bench of one Hon’ble Member (Judicial) and another Hon’ble Member (Technical) of ‘National Company Law Tribunal’ Bench No. III, New Delhi heard the application on 26thÂ...