The Financial Creditor, EARCL, filed MA 1082/2019 seeking an interim stay on the distribution of proceeds of settlement received by the Corporate Debtor from R-Infra. This stay was requested pending the final disposal of the original application and the Liquidator's application before the NCLT. The counsel for R1, the Liquidator, was present during the hearing. The court directed that notices be issued to R1 and R2, with a deadline of 29.03.2019 for filing replies, followed by a provision for rejoinder. The case was listed for disposal on 08.04.2019. The court also ordered that the status quo be maintained regarding the distribution of sale proceeds, indicating a temporary halt to any such distribution.

The Financial Creditor, EARCL, filed MA 1082/2019 seeking an interim stay on the distribution of proceeds of settlement received by the Corporate Debtor from R-Infra. This stay was requested pending the final disposal of the original application and the Liquidator's application before the NCLT. The counsel for R1, the Liquidator, was present during the hearing. The court directed that notices be issued to R1 and R2, with a deadline of 29.03.2019 for filing replies, followed by a provision for rejoinder. The case was listed for disposal on 08.04.2019. The court also ordered that the status quo be maintained regarding the distribution of sale proceeds, indicating a temporary halt to any such distribution.