Aakash Thakor filed a Company Appeal (AT) (Insolvency) No.243 of 2024 against Shree Shyam Avenues Pvt. Ltd. & Anr. before the NCLAT. The appellant's counsel submitted that an amount of Rs.90,24,657/- should be deposited with the Registrar, NCLAT, as an interest-bearing Fixed Deposit Receipt in the name of the Respondent within one week. The court issued a notice, which the respondent accepted. The court directed the respondent to file a reply within two weeks. The court ordered that no further steps be taken in the CIRP, and the IRP should collate the claim and keep the Corporate Debtor as a going concern. The relevance of the deposit is to ensure the availability of funds to the respondent if the appeal is dismissed. The stay on further CIRP steps aims to prevent

Aakash Thakor filed a Company Appeal (AT) (Insolvency) No.243 of 2024 against Shree Shyam Avenues Pvt. Ltd. & Anr. before the NCLAT. The appellant's counsel submitted that an amount of Rs.90,24,657/- should be deposited with the Registrar, NCLAT, as an interest-bearing Fixed Deposit Receipt in the name of the Respondent within one week. The court issued a notice, which the respondent accepted. The court directed the respondent to file a reply within two weeks. The court ordered that no further steps be taken in the CIRP, and the IRP should collate the claim and keep the Corporate Debtor as a going concern. The relevance of the deposit is to ensure the availability of funds to the respondent if the appeal is dismissed. The stay on further CIRP steps aims to prevent