The promoters of the Corporate Debtor filed an appeal against the Adjudicating Authority's order dated November 1, 2018, which rejected their application for review and recall of an earlier order dated April 13, 2018. The Adjudicating Authority had also ordered liquidation on October 11, 2018, and directed publication in the newspaper on October 25, 2018. The promoters sought a stay on the publication. The court noted that the liquidation order was not under challenge in this specific appeal but was being challenged in a separate appeal (Company Appeal No. 721 of 2018). The delay of 7 days in filing the appeal was condoned.

The promoters of the Corporate Debtor filed an appeal against the Adjudicating Authority's order dated November 1, 2018, which rejected their application for review and recall of an earlier order dated April 13, 2018. The Adjudicating Authority had also ordered liquidation on October 11, 2018, and directed publication in the newspaper on October 25, 2018. The promoters sought a stay on the publication. The court noted that the liquidation order was not under challenge in this specific appeal but was being challenged in a separate appeal (Company Appeal No. 721 of 2018). The delay of 7 days in filing the appeal was condoned.