M&A Critique

Judgement of Hon’ble Supreme on Jurisdictional powers between NCLT (National Company Law Tribunal) and SEBI (Securities and Exchange Board of India)

Hon’ble Supreme Court in their order dated 4th January 2023 decides jurisdictional powers between Securities and Exchange Board of India (SEBI) and National Company Law Tribunal (NCLT) in the matter of IFB Agro Industries Limited (Appellants) v SICGIL India Limited (Respondents) while deciding rectificatory jurisdiction of NCLT.

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Surendra Rahalkar