The judges of NCLAT informed the investors' counsel this that as an appellate court, they cannot intervene in matters that are "yet to mature" in NCLT
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The companies (Viacom18, Digital18 and Star India) had proposed a Composite Scheme of Arrangement for Merger under Sections 230 and 232 of Companies Act 2013. Divison Bench comprising Anu Jagmohan Singh (Technical Member) and Justice Kishore Vemulapalli (Judicial Member) gave their approval to the scheme of the merger
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Mr. Vaibhav Mahajan and Ms. Harshita Aggarwal represented the Appellant. The Resolution Professional was represented by Ms. Varsha Banerjee and Ms. Mahima Ahuja, and Respondent No.2, i.e., SRA was represented by Mr. Prithu Garg, partner at GnS Legal along with Mr. Parth Bhatia, and Mr. Shivam Singh, associates at GnS Legal
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