The Company Appeal arises from an Impugned Order dated 28.05.2024 passed by the NCLT, Hyderabad Bench. The order relates to the implementation of an Acquisition Plan and directs the formation of a Monitoring Committee to ensure adherence to timelines. The Appellant, IDBI Bank Limited, filed an Interlocutory Application (IA No. 252/2025) seeking to introduce Maharashtra State Power Generation Company Limited (MSPGCL) as a party and to restrain them from dealing with the assets of the Corporate Debtor. Another IA (IA No. 328/2025) was filed to amend the cause title of IA No. 252/2025.
IDBI Bank Ltd., the Appellant, filed a Company Appeal challenging an order related to the implementation of an Acquisition Plan. The NCLT directed the formation of a Monitoring Committee to ensure adherence to timelines for the Acquisition Plan. KRS Erectors Pvt. Ltd. was directed to strictly adhere to the Acquisition Plan. IDBI Bank filed an Interlocutory Application (IA No. 252/2025) to restrain Maharashtra State Power Generation Company Limited (MSPGCL), a non-party, from dealing with the assets of the Corporate Debtor. The Appellant also filed IA No. 328/2025 to amend the cause title of IA No. 252/2025. The Registry raised an objection to IA No. 252/2025. The Appellant argued that Section 19 of the I&B Code allows for injunctions against non-parties. The
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Order passed by the NCLT, Hyderabad Bench in…
The Company Appeal came up for consideration…
The Company Appeal arises from an Impugned Order dated 28.05.2024 passed by the NCLT, Hyderabad Bench. The order relates to the implementation of an Acquisition Plan and directs the formation of a Monitoring Committee to ensure adherence to timelines. The Appellant, IDBI Bank Limited, filed an Interlocutory Application (IA No. 252/2025) seeking to introduce Maharashtra State Power Generation Company Limited (MSPGCL) as a party and to restrain them from dealing with the assets of the Corporate Debtor. Another IA (IA No. 328/2025) was filed to amend the cause title of IA No. 252/2025.
IDBI Bank Ltd., the Appellant, filed a Company Appeal challenging an order related to the implementation of an Acquisition Plan. The NCLT directed the formation of a Monitoring Committee to ensure adherence to timelines for the Acquisition Plan. KRS Erectors Pvt. Ltd. was directed to strictly adhere to the Acquisition Plan. IDBI Bank filed an Interlocutory Application (IA No. 252/2025) to restrain Maharashtra State Power Generation Company Limited (MSPGCL), a non-party, from dealing with the assets of the Corporate Debtor. The Appellant also filed IA No. 328/2025 to amend the cause title of IA No. 252/2025. The Registry raised an objection to IA No. 252/2025. The Appellant argued that Section 19 of the I&B Code allows for injunctions against non-parties. The
…Order passed by the NCLT, Hyderabad Bench in…
The Company Appeal came up for consideration…