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Companies Law - Highlights / Catch Notes

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Freezing of Assets and ‘Bank Accounts’ of the Appellant - ...


NCLT Ordered to Reassess Asset Freezing Case, Ensuring Fair Hearing and Adherence to Natural Justice Principles.

October 22, 2021

Case Laws     Companies Law     AT

Freezing of Assets and ‘Bank Accounts’ of the Appellant - Opportunity of Hearing provided or not - principles of natural justice - NCLT is directed to pass necessary fresh recent orders in a fair, just, dispassionate manner on merits, afresh (because of the fact that there was a ‘negation of principles of natural justice’ in not adhering to the ‘National Company Law Tribunal’ Rules, 2016, in so far as the Appellants/Respondents 11 and 12 are concerned). - AT

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