Urban Infrastructure Trustees Ltd. filed an appeal against Ozone Propex Pvt. Ltd. The appeal challenged an order dated 17th December 2019 passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench. The appellant's grievance was that their application under Section 7 of the Insolvency and Bankruptcy Code, 2016, had been pending for one year since January 2019 because the Adjudicating Authority kept the case pending due to a sub-judice matter before the High Court of Karnataka. The appellant sought a resolution to their pending application under Section 7 of the I&B Code. The Adjudicating Authority had kept the matter pending awaiting the decision of the Hon'ble High Court of Karnataka.

Urban Infrastructure Trustees Ltd. filed an appeal against Ozone Propex Pvt. Ltd. The appeal challenged an order dated 17th December 2019 passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench. The appellant's grievance was that their application under Section 7 of the Insolvency and Bankruptcy Code, 2016, had been pending for one year since January 2019 because the Adjudicating Authority kept the case pending due to a sub-judice matter before the High Court of Karnataka. The appellant sought a resolution to their pending application under Section 7 of the I&B Code. The Adjudicating Authority had kept the matter pending awaiting the decision of the Hon'ble High Court of Karnataka.