NCLAT dismisses BSE pleas challenging NCLT’s power to defreeze demat accounts in insolvency cases

NCLAT dismissed BSE’s appeals against NCLT orders to defreeze demat accounts of insolvent firms, ruling that NCLT has jurisdiction under the IBC. The tribunal said dues leading to account freezes qualify as debt, allowing resolution professionals to access shares and proceed with recovery during insolvency proceedings.

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