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Companies Law - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Jurisdiction - Status of NCLT as Court or not - The term ...

Companies Law

April 15, 2020

Jurisdiction - Status of NCLT as Court or not - The term Adjudicating Authority, as defined in Section 5(1) of IBC cannot come within the ambit of court as defined in Section 2(29) of the Companies Act, 2013. - As per Section 60(1) of ‘I&B’ Code the NCLT is an Adjudicating Authority - NCLT in Law is not empowered to order an investigation directly, to be carried out by the Central Government.

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