Asset Reconstruction Company (India) Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, on April 3, 2018. As of April 18, 2019, the application had not been heard, and no order had been passed. The Appellant raised a grievance regarding the delay in hearing the application. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, was directed to pass an appropriate order on the application after hearing the parties, preferably by May 1, 2019, and no later than May 17, 2019. The court clarified that it had not expressed any opinion on the merit of the application under Section 7, which is to be decided by the Adjudicating Authority uninfluenced by the order. The order does not prevent the parties from settling the

Asset Reconstruction Company (India) Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, on April 3, 2018. As of April 18, 2019, the application had not been heard, and no order had been passed. The Appellant raised a grievance regarding the delay in hearing the application. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, was directed to pass an appropriate order on the application after hearing the parties, preferably by May 1, 2019, and no later than May 17, 2019. The court clarified that it had not expressed any opinion on the merit of the application under Section 7, which is to be decided by the Adjudicating Authority uninfluenced by the order. The order does not prevent the parties from settling the