Inherent power of NCLT for passing “ad-interim relief” order

The National Company Law Appellate Tribunal, Delhi (“NCLAT”) vide its judgment dated July 17,2019  in the matter of NUI Pulp and Paper Industries Pvt. Ltd. Vs. Ms. Roxcel Trading GMBH bearing Company Appeal (AT) (Insolvency) No. 664 of 2019 held that a National Company Law Tribunal (NCLT) is empowered to pass the ad-interim order under […]

Non Performing Assets (NPAs)

In the recent times, the main thrust in the Indian Economy is about the alarming increase in the Non-Performing Assets (NPAs) of Banks. Increase in the number of bad loans and frauds in large scale is being reported everyday by Banks pertaining to the loans given, resulting in a critical imbroglio in Indian Banking System. […]