2019 (9) TMI 1555 - SCH - Insolvency and Bankruptcy

Maintainability of application - initiation of CIRP - Corporate Debtor - existence of dispute or not - It was held by NCLAT that The Appellant having not given any undertaking or made any specific reply and refused to say that they have no such intention, we are of the view that it is always open to the Adjudicating Authority to pass ad-interim order before admitting any application under Sections 7 or 9 or 10 of the I B Code - HELD THAT - No case is made out to interfere with the impugned order(s) passed by the Tribunal. The appeal is, accordingly, dismissed.

Summary

The Supreme Court of India dismissed the appeal as no case was made out to interfere with the impugned order(s) passed by the Tribunal. Pending application(s), if any, shall stand disposed of. (2019 (9) TMI 1555 - SC Order)