The case involves an appeal against an order of the National Company Law Appellate Tribunal (NCLAT). The NCLAT's order stayed an order of the National Company Law Tribunal, while permitting the continuance of the Interim Resolution Professional (IRP) but restraining the Committee of Creditors (CoC) from taking charge. The Supreme Court is hearing the appeal against this order.
The State Bank of India filed an appeal against Alok Gaur and Anr. The National Company Law Appellate Tribunal (NCLAT) had issued an order that stayed an order of the National Company Law Tribunal. The continuance of the Interim Resolution Professional (IRP) was permitted, but the Committee of Creditors (CoC) was restrained from taking charge. The appeal was scheduled to be heard by the NCLAT on 28 October 2024. The Supreme Court considered the appeal and ultimately disposed of it, requesting the NCLAT to expedite the hearing. The appellant was given the option to seek modification of the interlocutory order if the appeal could not be heard expeditiously.
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The National Company Law Appellate Tribunal…
The Supreme Court disposed of the appeal,…
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The case involves an appeal against an order of the National Company Law Appellate Tribunal (NCLAT). The NCLAT's order stayed an order of the National Company Law Tribunal, while permitting the continuance of the Interim Resolution Professional (IRP) but restraining the Committee of Creditors (CoC) from taking charge. The Supreme Court is hearing the appeal against this order.
The State Bank of India filed an appeal against Alok Gaur and Anr. The National Company Law Appellate Tribunal (NCLAT) had issued an order that stayed an order of the National Company Law Tribunal. The continuance of the Interim Resolution Professional (IRP) was permitted, but the Committee of Creditors (CoC) was restrained from taking charge. The appeal was scheduled to be heard by the NCLAT on 28 October 2024. The Supreme Court considered the appeal and ultimately disposed of it, requesting the NCLAT to expedite the hearing. The appellant was given the option to seek modification of the interlocutory order if the appeal could not be heard expeditiously.
The National Company Law Appellate Tribunal…
The Supreme Court disposed of the appeal,…
Sign in to view related legal provisions.