The case involves applications listed to consider whether an interim order, in force since 03.01.2023 and a subsequent statement by the Committee of Creditors (CoC), can be continued until the final disposal of the applications. The interim order was initially passed on 03.01.2023 and continued on 16.01.2023. IndusInd International Holdings Limited (IIHL) stated they would not withdraw from the challenge mechanism. The CoC initially agreed to hold the extended challenge mechanism until Monday, but later expressed unwillingness to continue its statement. The matter was listed to consider the limited aspect of continuing the interim order.
The National Company Law Tribunal (NCLT), Mumbai Bench, is hearing IA 1/2023, IA 99/2023, and IA 150/2023 in C.P. (IB)/1231(MB)/2021 involving Reserve Bank of India (RBI) versus Reliance Capital Ltd. The core issue is whether an interim order, in effect since January 3, 2023, and a subsequent statement by the Committee of Creditors (CoC) should be extended until the applications are fully resolved. An interim order was initially passed on 03.01.2023 and continued on 16.01.2023. IndusInd International Holdings Limited (IIHL) has stated they will not withdraw from the challenge mechanism. The CoC initially agreed to hold the extended challenge mechanism until Monday but later expressed unwillingness to continue its statement. The applications have been heard on merits
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Detailed order was…
Interim order ordered…
The case involves applications listed to consider whether an interim order, in force since 03.01.2023 and a subsequent statement by the Committee of Creditors (CoC), can be continued until the final disposal of the applications. The interim order was initially passed on 03.01.2023 and continued on 16.01.2023. IndusInd International Holdings Limited (IIHL) stated they would not withdraw from the challenge mechanism. The CoC initially agreed to hold the extended challenge mechanism until Monday, but later expressed unwillingness to continue its statement. The matter was listed to consider the limited aspect of continuing the interim order.
The National Company Law Tribunal (NCLT), Mumbai Bench, is hearing IA 1/2023, IA 99/2023, and IA 150/2023 in C.P. (IB)/1231(MB)/2021 involving Reserve Bank of India (RBI) versus Reliance Capital Ltd. The core issue is whether an interim order, in effect since January 3, 2023, and a subsequent statement by the Committee of Creditors (CoC) should be extended until the applications are fully resolved. An interim order was initially passed on 03.01.2023 and continued on 16.01.2023. IndusInd International Holdings Limited (IIHL) has stated they will not withdraw from the challenge mechanism. The CoC initially agreed to hold the extended challenge mechanism until Monday but later expressed unwillingness to continue its statement. The applications have been heard on merits
…Detailed order was…
Interim order ordered…