2020 (12) TMI 1282 - AT - Insolvency and Bankruptcy

Maintenance of status quo - composition of the Board of Directors of the Respondent Company prior to the alleged Board Meeting - HELD THAT - This appeal is disposed off by requesting the Tribunal to accord priority to the matter and make endeavours for expeditious disposal of the Company Petition alongwith all connected Interlocutory Applications, preferably within two months.

Summary

The appeal was against an Interlocutory Order passed by the National Company Law Tribunal, Hyderabad, directing to maintain status quo on the composition of the Board of Directors of the Respondent Company. The appeal requested the Tribunal to expedite the hearing of the Company Petition and related applications, preferably within two months.