2021 (12) TMI 1307 - Tri - Insolvency and Bankruptcy

Maintainability of petition - initiation of CIRP - Corporate Debtor failed to make repayment of its dues - the main matter is referred to third Bench by the order of Hon'ble President and further orders require from Hon'ble President only - HELD THAT - Pending hearing of main CP and since claim of all stakeholders are required to be considered when this Adjudicating Authority cease with main petition, we direct to maintain status quo relating to all assets of the Corporate Debtor as on today. Application disposed off.

Summary

The National Company Law Tribunal, Indore Bench, in the case of CP No. 137 of 2019, directed to maintain status quo on all assets of the Corporate Debtor. IA No. 204 of 2021 was disposed of accordingly.