Page 12 - National Company Law Tribunal
NCLT refuses Srei Infra's claim for inclusion in committee of creditors
Hyderabad, 16 November: Hyderabad bench of National Company Law Tribunal(NCLT) on Thursday dismissed Srei Infra Finance Limited's petition against removal of its name from the committee of creditors in the ongoing insolvency resolution process of Deccan Chronicle Holdings(DCHL).Earlier, Srei Infra challenged the removal of its name by the Interim Resolution Professional(IRP) from the committee of creditors that was constituted as part of the insolvency resolution process initiated by the bench in July.IRP had justified the decision on the grounds that being a share-holder in DCHL Srei can not be a part of the committee of creditors under the law.While delivering the judgement in Srei petition, the bench has also vacated the interim orders it had issued on the ongoing proceedings in DCHL case at the time of admitting the petition three months ago. "The bench has dismissed the petition of Srei with regard to its demand for inclusion in the committee of creditors today. We are waiting ..
 "NCLT refuses Srei Infra's claim for inclusion in committee of creditors")
Making company law tribunal more effective
NCLT president's optimism has to be supported by action on ground
Come what may, stick to law: NCLT President tells Company Secretaries
National Company Law Tribunal constituted last month, has replaced Company Law Board
 "Come what may, stick to law: NCLT President tells Company Secretaries")
NCLT: Still a long way to go
Better physical infrastructure and efficiency of technical members will determine the success or failure of the National Company Law Tribunal in providing a speedier corporate dispute redressal mechanism
 "NCLT: Still a long way to go")
