NCLAT Dismisses BSE Appeals on Demat Account Freezing

The NCLAT dismissed BSE's appeals against NCLT orders to defreeze demat accounts of corporate debtors undergoing insolvency.
The tribunal held that NCLT has jurisdiction under IBC to order defreezing of accounts frozen for non-payment of listing fees.
The ruling allows resolution professionals and liquidators to sell shares to distribute proceeds to creditors in insolvency.