Supreme Court bench heard the two connected appeals of NOIDA against the judgment of the National Company Law Appellate Tribunal (NCLAT) and held that NOIDA is not a financial creditor but an operational creditor under the IBC
Supreme Court division bench was pleased to issue notice in the petition filed by the National Company Law Tribunal Bar Association (NCLTBA) through its Secretary, Advocate Saurabh Kalia and has been filed through AOR Supriya Juneja.
In supersession of earlier circulars issued by the National Company Law Tribunal (NCLT) regarding the tribunal’s functioning during Covid Pandamic, the NCLT has issued a new Standard Operating Procedure (SOP) for physical hearing, as well as the continuation of virtual.
Judicial Member Bhaskara Pantula Mohan shall take over as Acting President of the National Company Law Tribunal (NCLT) on Thursday June 10, 2021, for a period of three months or till joining of New President or till further orders whichever is earliest.
On the previous date of hearing, Balbir Singh, Additional Solicitor General, had submitted that the process for appointment of candidates who have been selected pursuant to the procedure which was initiated in 2019 shall be expedited and orders of appointment shall be issued soon.
The petition was filed by Supreme Court Advocate Amrendra Kumar Singh through Advocate-On-Record Anand Mishra and drawn by Mukul Kumar Shrawat. Today Senior Advocate Pradeep Rai appeared for the petitioner.