Supreme Court Rebukes NCLAT for Ex-Parte Order
The Supreme Court criticized the National Company Law Appellate Tribunal (NCLAT) at Chennai for issuing an ex-parte order regarding the Matrix-Tianish merger.
A Bench comprising Justice Surya Kant and Justice Joymalya Bagchi expressed disappointment that the order was passed without notice to affected parties, including Ras Al Khaimah Investment Authority Vs Matrix Pharmacorp.
“This NCLAT does not have the common sense to issue a notice and then hear? Passing a 30-page order ex-parte,"
The Court's remark highlights the importance of due process in legal proceedings.
Author's summary: Supreme Court raps NCLAT over ex-parte order in merger case.
- Case: Ras Al Khaimah Investment Authority Vs Matrix Pharmacorp
- Parties involved: Matrix Pharmacorp Pvt Ltd and Tianish Laboratories Pvt Ltd
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