Asset Reconstruction Company (India) Ltd. filed an appeal against Neesa Leisure Ltd. before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appeal pertained to an insolvency matter. The NCLAT had previously issued an interim direction on October 3, 2018. The Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, was considering an application, the disposal of which was the subject of the appeal. The NCLAT directed the Adjudicating Authority to decide on the admission of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, within two weeks, without being influenced by the NCLAT's previous observations.

Asset Reconstruction Company (India) Ltd. filed an appeal against Neesa Leisure Ltd. before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appeal pertained to an insolvency matter. The NCLAT had previously issued an interim direction on October 3, 2018. The Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, was considering an application, the disposal of which was the subject of the appeal. The NCLAT directed the Adjudicating Authority to decide on the admission of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, within two weeks, without being influenced by the NCLAT's previous observations.