The case involves a petition for Special Leave to Appeal against a final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT). The Supreme Court heard the petition and, in view of its judgment in Macquarie Bank Limited v. Shilpi Cable Technologies Limited, set aside the NCLAT's order. The matter was remitted back to the NCLAT for fresh disposal in accordance with the law. The order was passed ex-parte, granting the respondent liberty to move the Court if aggrieved. The petitioner was directed to appear before the Appellate Tribunal for further proceedings on May 14, 2018, and to notify the respondent of the order.

The case involves a petition for Special Leave to Appeal against a final judgment and order passed by the National Company Law Appellate Tribunal (NCLAT). The Supreme Court heard the petition and, in view of its judgment in Macquarie Bank Limited v. Shilpi Cable Technologies Limited, set aside the NCLAT's order. The matter was remitted back to the NCLAT for fresh disposal in accordance with the law. The order was passed ex-parte, granting the respondent liberty to move the Court if aggrieved. The petitioner was directed to appear before the Appellate Tribunal for further proceedings on May 14, 2018, and to notify the respondent of the order.