Tag: Section 33(5)

NCLAT’s Authoritative Interpretation of Prior Approval under Section 33(5) of the I&B Code.

NCLAT’s Authoritative Interpretation of Prior Approval under Section 33(5) of the I&B Code

Introduction On May 31, 2024, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, delivered a significant judgment in the matter of Slimline Realty Pvt. Ltd. v. Mr. Jigar Bhatt. The ruling, encapsulated