The case involves M/s. Prem Sagar Garg as the petitioner and M/s. Parsvnath Developers Ltd. as the respondent. The matter is being heard before the New Delhi Bench of the NCLT under Section 7 of the IBC. The Corporate Debtor's counsel presented directions from the Hon'ble Apex Court, including a stay order against further proceedings before the NCLT in Writ Petition No. 147/2019. The NCLT has adjourned the case Sine-die, allowing for revival based on the Apex Court's decision in the writ petition. The key fact is the stay order from the Apex Court, which directly impacts the NCLT proceedings.

The case involves M/s. Prem Sagar Garg as the petitioner and M/s. Parsvnath Developers Ltd. as the respondent. The matter is being heard before the New Delhi Bench of the NCLT under Section 7 of the IBC. The Corporate Debtor's counsel presented directions from the Hon'ble Apex Court, including a stay order against further proceedings before the NCLT in Writ Petition No. 147/2019. The NCLT has adjourned the case Sine-die, allowing for revival based on the Apex Court's decision in the writ petition. The key fact is the stay order from the Apex Court, which directly impacts the NCLT proceedings.