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NCLAT Chennai: The outer time limit stipulated in Section 62(1)(a)(i) of the Companies Act, 2013 will bind the company issuing the rights shares, but not the tribunal which attempts to balance the rights of the parties during the pendency of a petition under Section 241 and 242 of the Act Judgment Summary and Full Text: https://lnkd.in/g4muftSd Citation: (2026) ibclaw.in 165 NCLAT Bench: Mr. Justice N. Seshasayee (Judicial Member) and Mr. Jatindranath Swain (Technical Member) For Appellant(s): Mr. Dhruv Mehta, Senior Advocate Mr. Abhinav Vashisht, Senior Advocate For Ms. Pooja Mahajan, Ms. Arveena Sharma, Mr. Savar Mahajan, Mr. Ichchha Kalash, Ms. Samridhi Shrimali, Mr. Sparsh Jain, Ms. Lakshana Viravalli, Ms. S. S Madhusmitha, Ms. Akshita Sachdeva Jaitley & Mr. Kartikeya Sharma, Advocates and Mr. K. Datta, Sr. Adv For Respondent(s): Mr. Srinath Sridevan, Senior Advocate Mr. C.K. Nandakumar, Senior Advocate for Mr. R. Chandrachud, Mr. Pavan Bhushan & Mr. Vishnu Mohan, Advocates, Mr. Arun Kathpalia, Senior Advocate for Mr. A.R. Ramanathan & Mr. S. Sriraman & Mr. Anmol Tayal, Advocates, Mr. Dhyan Chinnappa, Senior Advocate for Mr. A.R. Ramanathan & Mr. S. Sriraman & Mr. Anmol Tayal, Advocates, Mr. Nitesh Jain, Mr. Atul Jain, Ms. Prerna Shankar and Mr. Arnav Bhansali, Advocates 🙂 For upcoming case laws, follow IBC Laws page.