2019 (9) TMI 1346 - SCH - Insolvency and Bankruptcy

Admission of application for CIRP - issue of demand notice at belated stage - HELD THAT - Issue notice, returnable in three weeks. The proceedings in terms of NCLT Order dated 23.08.2019 shall remain stayed till the next date of hearing.

Summary

The Supreme Court of India issued an order in 2019 (9) TMI 1346 - SC, with Justices Arun Mishra and S. Ravindra Bhat presiding. The appellant(s) were represented by Mr. Gopal Jain, Mr. Ayush Agarwala, Mr. Hasan Murtaza, Ms. Madhhurima Ray, Mr. Ankur Kashyap, Ms. Prashanti P., and Mr. Shikhar Mittal. The court issued a notice returnable in three weeks, with steps for service of notice to be taken within three days. Failure to do so would result in dismissal of the civil appeal. The proceedings related to an NCLT Order dated 23.08.2019 were stayed until the next hearing date.