NCLT empowered to pass ad-interim orders before admitting Insolvency Application, NCLAT

Aditi Singh July 24 2019
Sole Proprietary Concern

The National Company Law Appellate Tribunal (NCLAT) has held that the National Company Law Tribunal (Adjudicating Authority/ NCLT) is empowered to pass ad-interim orders, including an order restraining the Corporate Debtor from alienating its assets, before admitting any application under Sections 7,  9 or 10 of the Insolvency and Bankruptcy Code, 2016.

The judgment was delivered by a two-member Bench of Chairperson Justice SJ Mukhopadhaya and Member (Technical) Kanthi Narahari in an appeal by NUI . . .

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