The case involves IA No. 139647/2019 and IA No. 139405/2019 in Writ Petition(s)(Civil) No. 1074/2019. The interlocutory applications were filed for two reliefs: to stay further proceedings before the National Company Law Tribunal (NCLT), and to direct respondent Nos. 5-8 - Union of India-National Highways Authority of India, NHPC Ltd., IRCON International Ltd. and NTPC Limited to pay off amounts due under the Awards of Arbitrators which have not been stayed by any Court, amounting to a sum of Rs.6,070 crores.
Hindustan Construction Company Limited & Anr. filed a Writ Petition(s)(Civil) No. 1074/2019 along with IA No. 139647/2019 and IA No. 139405/2019. The interlocutory applications sought two reliefs: a stay on further proceedings before the National Company Law Tribunal (NCLT), and a direction to respondent Nos. 5-8 (Union of India-National Highways Authority of India, NHPC Ltd., IRCON International Ltd. and NTPC Limited) to pay amounts due under the Awards of Arbitrators, totaling Rs. 6,070 crores. Dr. Singhvi, representing the petitioner, stated that his client would pay the Operational Creditors Rs. 8.81 crores and Rs. 26.21 crores within 12 weeks. The court recorded this statement and issued notice to the respondents. The order was to be communicated orally to the
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The case involves IA No. 139647/2019 and IA No. 139405/2019 in Writ Petition(s)(Civil) No. 1074/2019. The interlocutory applications were filed for two reliefs: to stay further proceedings before the National Company Law Tribunal (NCLT), and to direct respondent Nos. 5-8 - Union of India-National Highways Authority of India, NHPC Ltd., IRCON International Ltd. and NTPC Limited to pay off amounts due under the Awards of Arbitrators which have not been stayed by any Court, amounting to a sum of Rs.6,070 crores.
Hindustan Construction Company Limited & Anr. filed a Writ Petition(s)(Civil) No. 1074/2019 along with IA No. 139647/2019 and IA No. 139405/2019. The interlocutory applications sought two reliefs: a stay on further proceedings before the National Company Law Tribunal (NCLT), and a direction to respondent Nos. 5-8 (Union of India-National Highways Authority of India, NHPC Ltd., IRCON International Ltd. and NTPC Limited) to pay amounts due under the Awards of Arbitrators, totaling Rs. 6,070 crores. Dr. Singhvi, representing the petitioner, stated that his client would pay the Operational Creditors Rs. 8.81 crores and Rs. 26.21 crores within 12 weeks. The court recorded this statement and issued notice to the respondents. The order was to be communicated orally to the
…The matter was…
The matter was…
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