The case involves an appeal against an order that was dismissed. The appellant filed a review petition. The National Company Law Appellate Tribunal (NCLAT) issued notice in the review petition but did not pass any interim order. The NCLAT adjourned the review petition thrice, and the NCLT is proceeding further against the properties of the appellant.
Respondent No. 1, a financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, in February 2019. The appellant's appeal against the order was dismissed, leading to the filing of a review petition. The NCLAT issued notice on the review petition but did not issue any interim order. The review petition was adjourned thrice by the NCLAT. Meanwhile, the NCLT is proceeding against the appellant's properties. The Supreme Court took note of these submissions and directed the NCLAT to decide the review petition within two weeks.
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Respondent No. 1 filed a petition under Section…
The National Company Law Appellate Tribunal…
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The case involves an appeal against an order that was dismissed. The appellant filed a review petition. The National Company Law Appellate Tribunal (NCLAT) issued notice in the review petition but did not pass any interim order. The NCLAT adjourned the review petition thrice, and the NCLT is proceeding further against the properties of the appellant.
Respondent No. 1, a financial creditor, filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, in February 2019. The appellant's appeal against the order was dismissed, leading to the filing of a review petition. The NCLAT issued notice on the review petition but did not issue any interim order. The review petition was adjourned thrice by the NCLAT. Meanwhile, the NCLT is proceeding against the appellant's properties. The Supreme Court took note of these submissions and directed the NCLAT to decide the review petition within two weeks.
Respondent No. 1 filed a petition under Section…
The National Company Law Appellate Tribunal…
Sign in to view related legal provisions.