The Liquidator of LML Ltd. filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal) Allahabad Bench, dated 22nd October 2019. The Adjudicating Authority had refused to exclude any period for the purpose of liquidation because the Liquidator's fees were not fixed. The appeal was brought before the National Company Law Appellate Tribunal (NCLAT). The court noted that no case had been made out for the exclusion of any period, even if an appeal was pending before the NCLAT, because there was no specific stay of the liquidation process.

The Liquidator of LML Ltd. filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal) Allahabad Bench, dated 22nd October 2019. The Adjudicating Authority had refused to exclude any period for the purpose of liquidation because the Liquidator's fees were not fixed. The appeal was brought before the National Company Law Appellate Tribunal (NCLAT). The court noted that no case had been made out for the exclusion of any period, even if an appeal was pending before the NCLAT, because there was no specific stay of the liquidation process.