New Delhi: The Supreme Court on Wednesday stayed an order of the National Company Law Tribunal (NCLT) that allowed the government to take control of troubled builder Unitech Ltd by suspending its board.
“NCLT should not have passed the order. We direct the stay of the order dated 8 December,” said Chief Justice Dipak Misra.
The court’s direction came on the centre’s admission that it should have taken the apex court’s leave before approaching the company law tribunal since the Supreme Court was already seized of the matter.
Comments