NCLAT Asks NCLT to Send Insolvency Plea Against Samay Electronics to 3rd Member after Split Verdict
Introduction The National Company Law Appellate Tribunal (NCLAT) judgment, dated 22nd September 2020 has directed the NCLT to place the matter before a third member so that it is decided by a majority. JM Financial Asset Reconstruction Company filed an application under Section 7 of the Insolvency and Bankruptcy Code.