It was only last week that the Supreme Court raised concerns, saying the Centre was "emasculating" tribunals by not appointing officials to the quasi-judicial bodies that are facing staff crunch.
They added that the core principle of the Insolvency and Bankruptcy Code is to protect the interests of all stakeholders but the resolution plan does not protect workers’ interest.
The petitioner submitted that the said SOP makes it mandatory that at the time of filing, along with the e-filing receipt, a hard copy of the pleadings be filed manually at the NCLAT filing counter.
On May 17, NCLAT admitted the petition of Renaissance Steel challenging Vedanta's bid for debt-ridden Electrosteel.
Government approaches National Company Law Appellate Tribunal, seeks power to attach properties of persons involved in PNB scam
In a petition, the corporate affairs ministry has also sought to invoke powers including the removal of the management and recovery of undue gains.