tag:blogger.com,1999:blog-19649274.post706898405148459160..comments2024-03-29T12:03:50.891+05:30Comments on The Leap Blog: Does the NCLT Have Enough Judges?Ajay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19649274.post-52230413173141004092017-04-13T12:10:14.719+05:302017-04-13T12:10:14.719+05:301. A very nicely written article indeed. Ultimatel...1. A very nicely written article indeed. Ultimately, what one gathers is: -<br /><br />(a) Nothing is going to change in a hurry (IF AT ALL). Delays will continue to be the order of the day.<br />(b) Defaulting promoters need not change their strategy for exploiting the new system.<br />(c) Banks can continue to wait endlessly. It is the common man's money that has been given away by the banks (with full knowledge that there is no hope for recovery). So there is no problem.<br /><br />2. If the NCLT's ruling is inimical to a debtor, isn't there a way of causing further delays? NCLAT followed by High Court and Supreme Court? Could you kindly share your views on this aspect too?? Anonymousnoreply@blogger.com