Term of Office of two Officiating Chairperson NCLAT is extended

Term of Office of Officiating Chairperson NCLAT Shri Bansi Lal Bhat & Shri A.I.S. Cheema Judicial Member is extended by MCA

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 20th April 2021

S.O.1662(E).—In continuation of this Ministry’s notifications S.O. 1049(E) dated 12th March, 2020, S.O. 2226(E) dated 06th July, 2020, S.O. 3168(E) dated 17th September, 2020, S.O. 3856(E) dated 28th October, 2020 and S.O. 192(E) dated 15th January, 2021, the term of office of Justice (Retd.) Shri Bansi Lal Bhat, Member (Judicial) as officiating Chairperson, NCLAT is extended upto 18.04.2021 (i.e. his tenure ending date as completion of the age of 67 years.), or till the appointment of regular Chairperson in NCLAT, or until further orders, whichever is the earliest.

[F.No. A-40012/1/2020-Ad.IV]

GYANESHWAR KUMAR SINGH, Jt.Secy.

Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O.1049(E), dated the 12th March, 2020.

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 20th April 2021

S.O.1663(E).—Consequent on the completion of the term of office of Justice (Retd.) Shri Bansi Lal Bhat, Member (Judicial), NCLAT as officiating Chairperson, NCLAT on 18.04.2021, Central Government hereby appoints, Justice (Retd.) Shri A.I.S. Cheema, Judicial Member, NCLAT, as officiating Chairperson in terms of Rule 10(1) of the Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Member) Rules, 2020 for a period of three months with effect from 19.04.2021 or till appointment of regular Chairperson or until further orders, whichever is earliest.

[F.No. A-40012/1/2020-Ad.IV]

GYANESHWAR KUMAR SINGH, Jt.Secy

• Mushroom growing apparatus cannot be classified as ‘agricultural machinery’
• Statutory presumption attached to issuance of a cheque to be accorded due weight – SC
• Highest bid can’t be discarded on mere expectation of even more higher bid
• Limitation Act 1963 not apply to quasi-judicial bodies or tribunals unless empowered
• RBI notifies the Foreign Exchange Management (Guarantees) Regulations, 2026