2017 (7) TMI 1274

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..... d by Rule 11 of the National Company Law Appellate Tribunal Rules, 2016 - HELD THAT:- National Company Law Appellate Tribunal was of the view that the inherent power could not be so utilized. According to us, prima-facie this appears to be the correct position in law. Since all the parties are before us today, we utilize our powers under Article 142 of the Constitution of India to put a quietus to .....

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..... present appeal raises an interesting question as to whether, in view of Rule 8 of the I&B (Application to Adjudicating Authority) Rules, 2016, the National Company Law Appellate Tribunal could utilize the inherent power recognized by Rule 11 of the National Company Law Appellate Tribunal Rules, 2016 to allow a compromise before it by the parties after admission of the matter. 3) By the impugned o .....

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