The Financial Creditor, Punjab National Bank, filed an impleadment application (MA/758/2019) in MA/646/2019 seeking directions regarding the distribution of margin money. The Bench noted that allowing this application would not affect the stay granted by the NCLAT in Appeal Nos. 761 & 762 of 2019.
Punjab National Bank, as a Financial Creditor, filed an impleadment application (MA/758/2019) within another application (MA/646/2019) related to CP/540/IB/2017. The impleadment application sought directions concerning the distribution of margin money. The NCLAT had granted a stay order in Appeal Nos. 761 & 762 of 2019. The court considered whether allowing the impleadment application would affect the NCLAT's stay. The Resolution Professional is involved in the matter.
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Corporate Insolvency Resolution Process…
Hearing he…
The Financial Creditor, Punjab National Bank, filed an impleadment application (MA/758/2019) in MA/646/2019 seeking directions regarding the distribution of margin money. The Bench noted that allowing this application would not affect the stay granted by the NCLAT in Appeal Nos. 761 & 762 of 2019.
Punjab National Bank, as a Financial Creditor, filed an impleadment application (MA/758/2019) within another application (MA/646/2019) related to CP/540/IB/2017. The impleadment application sought directions concerning the distribution of margin money. The NCLAT had granted a stay order in Appeal Nos. 761 & 762 of 2019. The court considered whether allowing the impleadment application would affect the NCLAT's stay. The Resolution Professional is involved in the matter.
Corporate Insolvency Resolution Process…
Hearing he…