2020 (7) TMI 734 - Tri - Companies Law

Hon'ble NCLAT directed this Authority to disposed-off this application as expeditiously as possible vide order dated 21.07.2020 - Hence, matter stands adjourned for hearing on 03.08.2020.

Summary

Issues: Application for various interim reliefs in a corporate insolvency resolution process.

Analysis:
The Tribunal, comprising Hon'ble Mr. Madan Bhalchandra Gosavi, Member (Judicial) and Hon'ble Mr. Virendra Kumar Gupta, Member (Technical), heard various interim applications (IAs) in the corporate insolvency resolution process. Learned Senior Counsel Mr. Navin Pahwa represented the Resolution Professional (RP), while Mr. Mihir Thakore appeared for the Successful Resolution Applicant, and Mr. Sourabh Soparkar represented Enorcon Gmbh. The National Company Law Appellate Tribunal (NCLAT) directed the Authority to expedite the disposal of the application, leading to an adjournment of the matter to 03.08.2020 for further hearing. The Tribunal's focus was on addressing the interim reliefs sought during the insolvency resolution process, emphasizing the need for expeditious resolution as directed by the NCLAT. The legal representatives for the RP and the Successful Resolution Applicant played pivotal roles in presenting their arguments before the Tribunal. The involvement of Enorcon Gmbh through its legal counsel added another dimension to the proceedings, highlighting the complexity of the case. The adjournment to the next hearing date indicated the Tribunal's commitment to ensuring a thorough and timely resolution of the matter in line with the NCLAT's directives.