Kotak Mahindra Bank Limited, as the Financial Creditor, filed an impleadment application (MA/704/2019) within another application (MA/646/2019) related to a corporate insolvency resolution process (CP/540/IB/2017) concerning Orchid Pharma Ltd. The impleadment application sought directions regarding the distribution of margin money. The NCLAT had issued a stay order in Appeal Nos. 761 & 762 of 2019. The court considered whether allowing the impleadment application would affect this stay. The court found that it would not, and therefore allowed the application. The Resolution Professional was directed to mention MA/646/2019 after the NCLAT appeal is decided. This indicates that the outcome of the appeal could influence the proceedings of MA/646/2019.

Kotak Mahindra Bank Limited, as the Financial Creditor, filed an impleadment application (MA/704/2019) within another application (MA/646/2019) related to a corporate insolvency resolution process (CP/540/IB/2017) concerning Orchid Pharma Ltd. The impleadment application sought directions regarding the distribution of margin money. The NCLAT had issued a stay order in Appeal Nos. 761 & 762 of 2019. The court considered whether allowing the impleadment application would affect this stay. The court found that it would not, and therefore allowed the application. The Resolution Professional was directed to mention MA/646/2019 after the NCLAT appeal is decided. This indicates that the outcome of the appeal could influence the proceedings of MA/646/2019.