The case involves an appeal (LPA 566/2018) filed before the High Court of Delhi at New Delhi. The appellant is challenging an order issued by the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, dated September 5, 2018. The NCLT order declared Regulation 36A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 as ultra vires. The appellant seeks a stay on the NCLT order. The High Court has issued a notice to the respondents and granted a stay on the NCLT order pending further hearing. The State Bank of India & ORS are the respondents in the appeal.

The case involves an appeal (LPA 566/2018) filed before the High Court of Delhi at New Delhi. The appellant is challenging an order issued by the National Company Law Tribunal (NCLT), Principal Bench, New Delhi, dated September 5, 2018. The NCLT order declared Regulation 36A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 as ultra vires. The appellant seeks a stay on the NCLT order. The High Court has issued a notice to the respondents and granted a stay on the NCLT order pending further hearing. The State Bank of India & ORS are the respondents in the appeal.