India
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SC issues notice on NCLT case transfer power
India Legal··15 Jun
India Legal reported that the Supreme Court issued notice on the Centre's plea challenging a Gujarat High Court ruling on whether the NCLT President can transfer cases across benches beyond territorial jurisdiction. The case involves ArcelorMittal Nippon Steel India.
Prism
What It Means For You
- The ruling could affect where company and insolvency cases are heard.
- Businesses need predictable tribunal rules and timely adjudication.
- Administrative convenience must be balanced with forum fairness.
What's Happening
- SC issued notice to ArcelorMittal Nippon Steel India.
- The Centre challenged a Gujarat High Court ruling on NCLT transfers.
- The dispute concerns Rule 16(d) of the NCLT Rules, 2016.
Tribunal Structure
- Two Ahmedabad NCLT benches had recused from Essar Steel-related matters.
- The NCLT President transferred matters to Mumbai.
- The Gujarat High Court set aside those transfer orders.
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