Bombay High Court Dismisses Petition Challenging NCLT’s “Reserved” Order, Imposes Costs of 50,000 for Wasting Judicial Time
Mumbai, October 8, 2025: In a significant ruling, the Bombay High Court today dismissed a writ petition filed by Shripal Sevantilal Morakhia that sought to challenge an order merely “reserving” a matter for judgment by the National Company Law Tribunal (NCLT). The court not only rejected the petition as non-maintainable but also imposed a cost of…