The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) imposed Rs. 1 Lakh costs on the Creditor under Contempt of Court Act, 1971 invoking the doctrine of ‘approbate & reprobate’. The appeal is directed against the order passed by the Adjudicating Authority (National Company Law Tribunal, Ahmedabad Bench) by which an application…
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