Being a Statutory Appellate Tribunal NCLAT is bound to follow the statutory provisions and not travel beyond the provisions of the statute – Meghdoot Services Ltd. Vs. The Registrar of Companies, West Bengal – NCLAT New Delhi
NCLAT held that it is true that this Tribunal is taking lenient view in Appeals filed against the refusal of restoration of the Company but we are of the view that if we adopt such leniency in each and every Appeals certainly the provision contained under Section 248 of the Companies Act, 2013 may be termed as redundant. We are conscious that being a Statutory Appellate Tribunal we are bound to follow the statutory provisions and we may not travel beyond the provisions of the statute.
