2021 (8) TMI 1247 - SC - Insolvency and Bankruptcy

Non-grant of interim order by the Tribunal for which 07.10.2021 has been fixed - HELD THAT - Keeping in view that in the meantime if certain actions are taken, the appellant would suffer irreparably, we direct that the matter be taken up by the NCLAT on 07.09.2021 instead of 07.10.2021 for passing suitable orders on stay application of the appellant. We further direct that any action taken in the meanwhile, will be subject to further orders passed by the NCLAT while considering the application for interim order. The appellant is at liberty to inform the other side about the preponement of the date before the NCLAT. Appeal disposed off.

Summary

The Supreme Court directed the NCLAT to take up the matter on 07.09.2021 instead of 07.10.2021 for passing orders on the stay application of the appellant. Any actions taken in the meantime will be subject to further NCLAT orders. The appellant can inform the other side about the change in date. The appeal is disposed of, and a copy of the order will be sent to NCLAT within 24 hours.