2020 (6) TMI 771 - SC - Insolvency and Bankruptcy

Validity of impugned order passed by the NCLAT - HELD THAT - There are no ground to interfere with the impugned order passed by the NCLAT in March, 2020. The NCLAT is requested to hear the appeal within a period of one month from the date of production of a copy of the order, however, we direct the CoC not to precipitate further in the matter in the meanwhile. The appeal is, accordingly, disposed of.

Summary

The Supreme Court upheld the NCLAT's order from March 2020 and directed the NCLAT to hear the appeal within one month. The Committee of Creditors (CoC) was instructed not to take further action in the meantime. The appeal was disposed of.