Bhagwati Power and Steel Ltd. filed an appeal against an order dated May 12, 2022, passed in I.A. No. 983/KB/2021. The Adjudicating Authority had rejected the application because the Corporate Debtor had filed Writ Petition No. 4178 of 2016, which was pending before the Jharkhand High Court. The appellant submitted that Writ Petition No. 4178 of 2016 was withdrawn on December 23, 2021. The court found that the Adjudicating Authority should consider I.A. No. 983/KB/2021 after hearing both parties. The impugned order was set aside, and the matter was remitted back to the Adjudicating Authority for fresh consideration.

Bhagwati Power and Steel Ltd. filed an appeal against an order dated May 12, 2022, passed in I.A. No. 983/KB/2021. The Adjudicating Authority had rejected the application because the Corporate Debtor had filed Writ Petition No. 4178 of 2016, which was pending before the Jharkhand High Court. The appellant submitted that Writ Petition No. 4178 of 2016 was withdrawn on December 23, 2021. The court found that the Adjudicating Authority should consider I.A. No. 983/KB/2021 after hearing both parties. The impugned order was set aside, and the matter was remitted back to the Adjudicating Authority for fresh consideration.