The primary case involves an application filed by Asset Reconstruction Company (India) Limited (ARCIL), the Financial Creditor, under Section 24(3) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. ARCIL sought a stay on the reconstituted Committee of Creditors (CoC) as notified by the Resolution Professional and a directive to prevent the Resolution Professional from making any further decisions, including entertaining new claims, until the final disposal of this application. The Corporate Insolvency Resolution Process (CIRP) was initiated against Viceroy Hotels Limited (Corporate Debtor) by an order dated March 12, 2018, and Shri Koteshwara Rao Karuchola was appointed as the Interim Resolution

The primary case involves an application filed by Asset Reconstruction Company (India) Limited (ARCIL), the Financial Creditor, under Section 24(3) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. ARCIL sought a stay on the reconstituted Committee of Creditors (CoC) as notified by the Resolution Professional and a directive to prevent the Resolution Professional from making any further decisions, including entertaining new claims, until the final disposal of this application. The Corporate Insolvency Resolution Process (CIRP) was initiated against Viceroy Hotels Limited (Corporate Debtor) by an order dated March 12, 2018, and Shri Koteshwara Rao Karuchola was appointed as the Interim Resolution