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2024 (4) TMI 570

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..... sed by a Single Member of the NCLT in violation of the provisions of Section 419 (3) of the Companies Act 2013 - HELD THAT:- Since the impugned order of the NCLAT is by way of an order of remand, the appeal is not entertained at the present stage keeping open all the rights and contentions of the parties to be urged before the NCLT. The parties would be at liberty to approach the NCLT at an early .....

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..... pon the merits of the case. 2. The rationale for the impugned order is that an order approving the Resolution Plan was passed by a Single Member of the NCLT in violation of the provisions of Section 419 (3) of the Companies Act 2013. That apart, the NCLAT has also observed that none of the circumstances which are required to be borne in mind under Section 30(2) of the Insolvency and Bankruptcy Cod .....

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