Published on : 15 Oct 2025, 4:05 pm 4 min read

The Supreme Court on Wednesday pulled up the National Company Law Appellate Tribunal (NCLAT) at Chennai for passing an order expunging restrictions on the merger of Matrix Pharmacorp Pvt Ltd and Tianish Laboratories Pvt Ltd without issuing notice to affected parties [ Ras Al Khaimah Investment Authority Vs Matrix Pharmacorp].

A Bench of Justice Surya Kant and Justice Joymalya Bagchi was unimpressed by the fact that the order was passed ex-parte without giving the affected parties an opportunity to respond.

“ This NCLAT does not have the common sense to issue a notice and then hear? Passing a 30-page order ex-parte, " the Court remarked.

The Court noted that there were two connected proceedings before the NCLAT - one involvi

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