M/S.AIR TRAVEL ENTERPRISES INDIA LTD filed a writ petition (WP(C) NO. 1202 OF 2024) in the High Court of Kerala at Ernakulam. The petitioner sought a deferment of actions related to Ext.P1, an order from the National Company Law Tribunal (NCLT), Kochi Bench. The petitioner had filed Ext.P4 Appeal along with Ext.P5 Stay Petition before the Appellate Tribunal, which were under consideration. The respondent, Union Bank of India, argued that the writ petition was not maintainable. The court noted that the petitioner had a statutory appellate remedy and had already invoked it. The court directed the respondent not to pursue further action based on Ext.P1 until 31.01.2024.

M/S.AIR TRAVEL ENTERPRISES INDIA LTD filed a writ petition (WP(C) NO. 1202 OF 2024) in the High Court of Kerala at Ernakulam. The petitioner sought a deferment of actions related to Ext.P1, an order from the National Company Law Tribunal (NCLT), Kochi Bench. The petitioner had filed Ext.P4 Appeal along with Ext.P5 Stay Petition before the Appellate Tribunal, which were under consideration. The respondent, Union Bank of India, argued that the writ petition was not maintainable. The court noted that the petitioner had a statutory appellate remedy and had already invoked it. The court directed the respondent not to pursue further action based on Ext.P1 until 31.01.2024.