SC junks PIL to declare that NCLT cannot act as appellate authority

UPSC Practice recommends SC junks PIL to declare that NCLT cannot act as appellate authority.

“It is not necessary for this court to return any finding on the question sought to be raised in the abstract without any live challenge to an order of the adjudicating authority. In any event there are appellate remedies available under the Insolvency and Bankruptcy Code (IBC) to an aggrieved party. The petition is dismissed,” the bench said.

Courtesy: News-Economic Times

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