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Continue to Chat“NCLT can encourage settlements, it cannot direct it by acting as courts of equity” SC holds NCLT has limited powers to either admit or reject an application u/s 7(5) of IBC https://www.scconline.com/blog/post/2021/12/25/nclt-can-encourage-settlements-it-cannot-direct-it-by-acting-as-courts-of-equity-sc-holds-nclt-has-limited-powers-to-either-admit-or-reject-an-application-u-s-75-of-ibc/