2020 (5) TMI 689 - SCH - Insolvency and Bankruptcy

Maintainability of application - Jurisdiction to entertain application - Approval of Resolution Plan - Section 31 of the Insolvency and Bankruptcy Code 2016 - refund of forfeiture of the Bid Bond Guarantee - HELD THAT - Issue notice. Until further orders the parties are directed to maintain status quo as on today with respect to liquidation. Reply if any be filed within four weeks.

Summary

The Supreme Court of India in 2020 (5) TMI 689 - SC ordered to condone delay, issue notice, and directed parties to maintain status quo regarding liquidation. Respondent Nos. 1 and 2 accepted notice. Parties to file reply within four weeks.