13/07/2017

Rule 11 of NCLAT Rules, 2016 has not been adopted for the purpose of the Code, 2016 and only Rules 20 to 26 have been adopted in absence of any specific inherent power and where there is no merit, the question of exercising inherent power does not arise – Lokhandwala Kataria Construction Pvt. Ltd. Vs. Nisus Finance & Investment Manager LLP – NCLAT New Delhi

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Rule 11 of NCLAT Rules, 2016 has not been adopted for the purpose of the Code, 2016 and only Rules 20 to 26 have been adopted in absence of any specific inherent power and where there is no merit, the question of exercising inherent power does not arise – Lokhandwala Kataria Construction Pvt. Ltd. Vs. Nisus Finance & Investment Manager LLP – NCLAT New Delhi Read Post »

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