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NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Sharad Kumar Sharma, Member (Judicial)
Mr. Narappa Manohar Reddy, Mrs. Narappa Sharada Reddy, M/s. New Age Infrastructure Private Limited – Appellant
Versus
Mr. Pankaj Srivastava – Respondent
| Table of Content |
|---|
| 1. appellants' representation was neglected. (Para 1 , 2 , 3) |
| 2. debate regarding absence in hearing. (Para 4 , 5) |
| 3. importance of fair representation. (Para 6 , 7 , 8 , 9 , 10 , 11 , 12) |
| 4. procedural lapses must be addressed. (Para 13 , 14 , 15 , 16) |
| 5. reinforcement of legal principles. (Para 17 , 18 , 19) |
| 6. outcome of appeal based on prior proceedings. (Para 20) |
ORDER
(Hybrid Mode)
17.11.2025:
Oral Judgment : Justice Sharad Kumar Sharma, Member (Judicial):
1. The Appellants herein are aggrieved by the impugned order of 30.11.2022 that, has been passed by the Ld. NCLT, Bengaluru Bench in IA No. 499 / 2020, which was preferred in CP (IB) No. 243 / BB / 2018.
2. The consequential effect of the same had been that, the application preferred by the Respondent, under Section 43 of I & B Code, 2016, has been alleged to be erroneously allowed and consequentially it has resulted into issuing a direction against the Appellants herein, to respectively restore certain amount, as referred to in the operative portion of the impugned order, determined to be payable by each of the Appellants.
3. The Ld. Counsel for the Appellant has pressed upon the Appeal on a very limited conspicuous,
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