SC warns NCLT and NCLAT for interfering with the contractual right of the party to terminate the contract

The Supreme Court on Tuesday cautioned the NCLT and NCLAT on interference with the contractual right of a party to terminate a contract and observed that the residuary jurisdiction of the tribunal cannot be invoked if the termination of the contract results in insolvency of the corporate. Based on unrelated premise. Debtors. The top court … Read more