National Company Law Tribunal (NCLT) President M M Kumar has referred a case related to the insolvency of Era Infrastructure to a larger Bench, according to sources.
On September 22, this Bench will decide whether the NCLT can take up the insolvency petition against Era Infra when several winding-up cases are being heard by the high court in Delhi.
The New Delhi NCLT’s two-member bench, hearing Union Bank’s plea seeking commencement of insolvency process against Era Infra, had earlier said that Kumar would take a call.
Article 227 of the Constitution says that the high court of a state