A short excerpt on the recent judgment of a five-member special bench of the National Company Law Appellate Tribunal (NCLAT), wherein it held that the NCLAT has the power to recall its own orders on s...
With the advent of consolidation and enactment of laws on insolvency and admiralty, the issue of conflict between the two laws has arisen where the ship owner becomes subject to IBC proceedings. Sushmita Gandhi, Prapti Kedia and Meryl Quadros discuss the principles that govern the issue of overlapping jurisdiction of IBC and Admiralty Act and deliberate on the judgment of Atlantic Shipping Pvt. Ltd. v. Barge Madhwa and Anr.
