The appeal was filed, and during its pendency, the appellant proposed to approach the National Company Law Tribunal (NCLT) for filing an application for disposal of the Corporate Insolvency Resolution Process (CIRP) in terms of a settlement already arrived at between the parties. An earlier interim order of stay was passed in the case, and the appellant requested the tribunal to provide some protection to enable him to file a proper petition before the NCLT.
Subhash Agarwal filed an appeal. During the pendency of the appeal, a settlement was reached between the parties. The appellant proposed to approach the National Company Law Tribunal (NCLT) for filing an application for disposal of the Corporate Insolvency Resolution Process (CIRP) in terms of the settlement. An interim order of stay had been passed earlier in the case. The appellant requested the tribunal to provide some protection to enable him to file a proper petition before the NCLT. The court disposed of the appeal, granting the appellant liberty to file an appropriate application before the Adjudicating Authority within one week. The interim order of stay was extended for three weeks. The NCLT was expected to take appropriate decision on such application within
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Learned Counsel for the Appellant submits that…
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The appeal was filed, and during its pendency, the appellant proposed to approach the National Company Law Tribunal (NCLT) for filing an application for disposal of the Corporate Insolvency Resolution Process (CIRP) in terms of a settlement already arrived at between the parties. An earlier interim order of stay was passed in the case, and the appellant requested the tribunal to provide some protection to enable him to file a proper petition before the NCLT.
Subhash Agarwal filed an appeal. During the pendency of the appeal, a settlement was reached between the parties. The appellant proposed to approach the National Company Law Tribunal (NCLT) for filing an application for disposal of the Corporate Insolvency Resolution Process (CIRP) in terms of the settlement. An interim order of stay had been passed earlier in the case. The appellant requested the tribunal to provide some protection to enable him to file a proper petition before the NCLT. The court disposed of the appeal, granting the appellant liberty to file an appropriate application before the Adjudicating Authority within one week. The interim order of stay was extended for three weeks. The NCLT was expected to take appropriate decision on such application within
…Learned Counsel for the Appellant submits that…
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