2022 (9) TMI 1537 - SCH - Insolvency and Bankruptcy

Disposal of the uncleared cargo by way of auction - Right of Customs Department - it was held by NCLAT that No interference is called for against the impugned order dated 3rd July, 2018 passed by the Adjudicating Authority prohibiting the Customs Authority from selling the assets of the Corporate Debtor - HELD THAT - There are no ground to interfere with the impugned order passed by the National Company Law Appellate Tribunal. The civil appeal is, accordingly, dismissed.

Summary

The Supreme Court of India dismissed the civil appeal as they found no ground to interfere with the impugned order passed by the National Company Law Appellate Tribunal. Any pending interlocutory application(s) were disposed of.