Bombay HC sets aside NCLT Order admitting Rolta India into insolvency

Omkar Gokhale November 30 2019
MAT Chairman Bombay HC

The Bombay High Court on Friday set aside the National Company Law Tribunal (NCLT) Mumbai Bench order that initiated insolvency proceedings against software firm Rolta India Limited (Rolta).

In doing so, a Division Bench of Justices S C Dharmadhikari and RI Chagla set aside NCLT order not on merits but on procedural grounds and directed the Tribunal to decide it afresh. The Court held that NCLT Order that had admitted Rolta into insolvency was not pronounced in open court as required under the . . .

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