Supreme Court’s Note Of Caution To NCLT And NCLAT: No Equitable Jurisdiction To Direct Parties To Settle While Deciding Applications Under Insolvency And Bankruptcy Code 2016

Date: 30.12.2021 Introduction The Supreme Court has in ES Krishnamurthy v. M/S Bharath Hi Tech Builders Pvt Ltd. (“ES Krishnamurthy”) held that the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) cannot act as courts of…