 "NCLT")
An application, moved by Menon Bearings against the Ministry of Corporate Affairs (MCA) and Axis Bank, in the Gitanjali Gems case, was rejected by the National Company Law Tribunal (NCLT) in Mumbai. Axis Bank is the main lender to Menon Bearings and its legal representative told the NCLT Bench that the bank had frozen the applicants’ accounts on May 4, following instructions from the Indian Bankers Association.
Senior Counsel Gaurav Joshi, appearing for the applicant company pleaded with the Tribunal to provide clarity on the different interpretations of the order, and that maybe a direction could be passed to
Senior Counsel Gaurav Joshi, appearing for the applicant company pleaded with the Tribunal to provide clarity on the different interpretations of the order, and that maybe a direction could be passed to
