A Turning Point in the Exercise of Inherent Powers under NCLT Rule 11 and Article 142 Glas Trust Company LLC v. BYJU Raveendran & Ors.
Under Rule 11 of the NCLT Rules, the NCLT has been given inherent powers. These powers were regularly used even to carry out settlements. This piece attempts to explain the contours of Rule 11 of the NCLT Rules, in light of the recent judgment in the matter titled In Glas Trust Company LLC v. BYJU […]