The Supreme Court on Wednesday on Wednesday ordered a stay on the National Company Law Appellate Tribunal (NCLAT) order directing a probe by Competition Commission of India into allegations that Flipkart had abused its dominant position in the market while seeking the response.
The Supreme Court on Monday extended the term of Justice AIS Cheema, judicial member of the National Company Law Appellate Tribunal, by three months. Justice Cheema was scheduled to demit office on September 10.
The Calcutta High Court has struck down the National Company Law Tribunal (NCLT) order directing all financial creditors to mandatorily file default record from Information Utility along with a plea under Section 7 of Insolvency & Bankruptcy Code.
The National Company Law Appellate Tribunal has extended the suspension of its functioning till July 10th, 2020, after its staff member was found positive. The Court work including virtual hearing, filing, etc will also remain suspended during this period.
Modern jurisprudence in India can be compared with justice that prevailed during Lord Ram’s reign. While there are many differences with these ancient precepts, commonalities in both legal codes are interesting.