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.
A single-judge bench of Supreme Court stayed an arrest warrant issued against Alok Dhir in relation to the State Bank of India (SBI) loan scam while hearing a petition filed by him and others.