The case involves a Civil Appeal against a final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT). The NCLAT's decision was based on the Vidarbha Industries Power Limited Vs Axis Bank Limited case. The appellant argues that this decision contradicts established legal principles, particularly those established in Innoventive Industries Ltd Vs ICICI Bank and E S Krishnamurthy Vs Bharath Hi-Tech Builders Pvt Ltd. The Solicitor General of India supports this argument, stating that the NCLAT's decision could weaken the Insolvency and Bankruptcy Code. The court allowed the application seeking permission to file the Civil Appeal and the applications for impleadment. Notice was issued to the respondents, with one respondent waiving service.

The case involves a Civil Appeal against a final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT). The NCLAT's decision was based on the Vidarbha Industries Power Limited Vs Axis Bank Limited case. The appellant argues that this decision contradicts established legal principles, particularly those established in Innoventive Industries Ltd Vs ICICI Bank and E S Krishnamurthy Vs Bharath Hi-Tech Builders Pvt Ltd. The Solicitor General of India supports this argument, stating that the NCLAT's decision could weaken the Insolvency and Bankruptcy Code. The court allowed the application seeking permission to file the Civil Appeal and the applications for impleadment. Notice was issued to the respondents, with one respondent waiving service.