Applications for impleadment were allowed in a Civil Appeal before the Supreme Court. The matter involved claims of appellants and other applicants related to a resolution plan, which was pending approval before the National Company Law Tribunal (NCLT) in I.A. No.1489/2020, filed by the Resolution Professional.
Applications for impleadment were filed and allowed by the Supreme Court.
The matter was taken up for hearing at the miscellaneous stage.
The learned Senior counsel for the Resolution Professional submitted that the claims of the appellants and applicants would be considered.
The National Company Law Tribunal (NCLT) was considering I.A. No.1489/2020, filed by the Resolution Professional, seeking approval of a resolution plan.
The claims of the appellants and the applicants stand admitted.
The NCLT is to consider these admitted claims while deciding I.A. No.1489/2020.
The NCLT was requested to do the needful within two months from the date of receipt of the Supreme Court's order.
The impugned order stands set aside, and the appeal stands disposed of.
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Supreme Court issues order allowing…
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Applications for impleadment were allowed in a Civil Appeal before the Supreme Court. The matter involved claims of appellants and other applicants related to a resolution plan, which was pending approval before the National Company Law Tribunal (NCLT) in I.A. No.1489/2020, filed by the Resolution Professional.
Applications for impleadment were filed and allowed by the Supreme Court.
The matter was taken up for hearing at the miscellaneous stage.
The learned Senior counsel for the Resolution Professional submitted that the claims of the appellants and applicants would be considered.
The National Company Law Tribunal (NCLT) was considering I.A. No.1489/2020, filed by the Resolution Professional, seeking approval of a resolution plan.
The claims of the appellants and the applicants stand admitted.
The NCLT is to consider these admitted claims while deciding I.A. No.1489/2020.
The NCLT was requested to do the needful within two months from the date of receipt of the Supreme Court's order.
The impugned order stands set aside, and the appeal stands disposed of.
Supreme Court issues order allowing…
Sign in to view related legal provisions.