The appellant, a successful resolution applicant, challenged an order dated March 20, 2024, passed by the NCLT, Chennai Bench, which directed the enforcement of the Resolution Plan subject to certain conditions. The appeal sought to lift an attachment that was creating an embargo on the implementation of the Resolution Plan.
The appellant, M/S. Rocksand Minerals Private Limited, is a successful resolution applicant in the Company Appeal (AT) (CH) (Ins) No. 127/2024. The appellant challenged an order dated March 20, 2024, issued by the National Company Law Tribunal (NCLT), Chennai Bench, in M.A. No. 37 of 2021, which was preferred in C.P.(IB) No.1006/IB/2018. The impugned order directed the enforcement of the Resolution Plan, but subject to certain conditions outlined in its operative portion. The matter was listed for an early hearing on IA No. 691/2024, filed by the appellant. During arguments, the respondent's counsel highlighted that the relief sought by the appellant, specifically the lifting of an attachment, was already addressed. This attachment was creating an embargo on the
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The Adjudicating Authority National Company Law…
The Company Appeal (AT) (CH) (Ins) No.…
The appellant, a successful resolution applicant, challenged an order dated March 20, 2024, passed by the NCLT, Chennai Bench, which directed the enforcement of the Resolution Plan subject to certain conditions. The appeal sought to lift an attachment that was creating an embargo on the implementation of the Resolution Plan.
The appellant, M/S. Rocksand Minerals Private Limited, is a successful resolution applicant in the Company Appeal (AT) (CH) (Ins) No. 127/2024. The appellant challenged an order dated March 20, 2024, issued by the National Company Law Tribunal (NCLT), Chennai Bench, in M.A. No. 37 of 2021, which was preferred in C.P.(IB) No.1006/IB/2018. The impugned order directed the enforcement of the Resolution Plan, but subject to certain conditions outlined in its operative portion. The matter was listed for an early hearing on IA No. 691/2024, filed by the appellant. During arguments, the respondent's counsel highlighted that the relief sought by the appellant, specifically the lifting of an attachment, was already addressed. This attachment was creating an embargo on the
…The Adjudicating Authority National Company Law…
The Company Appeal (AT) (CH) (Ins) No.…