The case involves M/s. Yogesh Gupta & Another V/s. M/s. Ansal Townships Infrastructure Ltd. before the New Delhi Bench of the National Company Law Tribunal (NCLT). The matter pertains to Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The counsel for the Corporate Debtor informed the court that their Writ Petition 540/2019 is pending consideration before the Hon'ble Apex Court, and a stay has been granted against further proceedings before the NCLT.
The case involves M/s. Yogesh Gupta & Another as the petitioner against M/s. Ansal Townships Infrastructure Ltd. as the respondent. The Corporate Debtor's counsel submitted that Writ Petition 540/2019 is pending before the Hon'ble Apex Court, and a stay has been granted against further proceedings before the NCLT. This stay order is a crucial fact, as it directly impacts the proceedings before the NCLT. The case was related to Section 7 of the IBC, 2016.
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Hearing before the New…
The case involves M/s. Yogesh Gupta & Another V/s. M/s. Ansal Townships Infrastructure Ltd. before the New Delhi Bench of the National Company Law Tribunal (NCLT). The matter pertains to Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The counsel for the Corporate Debtor informed the court that their Writ Petition 540/2019 is pending consideration before the Hon'ble Apex Court, and a stay has been granted against further proceedings before the NCLT.
The case involves M/s. Yogesh Gupta & Another as the petitioner against M/s. Ansal Townships Infrastructure Ltd. as the respondent. The Corporate Debtor's counsel submitted that Writ Petition 540/2019 is pending before the Hon'ble Apex Court, and a stay has been granted against further proceedings before the NCLT. This stay order is a crucial fact, as it directly impacts the proceedings before the NCLT. The case was related to Section 7 of the IBC, 2016.
Hearing before the New…