TMI BlogNCLT was absolutely correct in applying Section 238 of the Code to an independent proceeding instituted...NCLT was absolutely correct in applying Section 238 of the Code to an independent proceeding instituted by a secured financial creditor - This being the case, it is difficult to comprehend how the High Court could have held that the proceedings before the NCLT were without jurisdiction. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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