Srei Infrastructure Finance Ltd. filed an appeal before the NCLAT. Bhagwati Power and Steel Limited, a 'Resolution Applicant', sought impleadment as a respondent. Orissa Metalics, another 'Resolution Applicant', also expressed interest in intervening. The NCLAT considered these requests and issued directives regarding the resolution plan and potential liquidation. The Committee of Creditors was instructed to consider the amounts agreed to be paid to secured and unsecured creditors, as well as employees, when deciding on the approval of a resolution plan. The Adjudicating Authority was directed not to pass any order for liquidation.

Srei Infrastructure Finance Ltd. filed an appeal before the NCLAT. Bhagwati Power and Steel Limited, a 'Resolution Applicant', sought impleadment as a respondent. Orissa Metalics, another 'Resolution Applicant', also expressed interest in intervening. The NCLAT considered these requests and issued directives regarding the resolution plan and potential liquidation. The Committee of Creditors was instructed to consider the amounts agreed to be paid to secured and unsecured creditors, as well as employees, when deciding on the approval of a resolution plan. The Adjudicating Authority was directed not to pass any order for liquidation.