2022 (4) TMI 1594 - SCH - Insolvency and Bankruptcy

Maintainability of application - initiation of CIRP - Corporate Debtor failed to make repayment of its debt - existence of debt and dispute or not - the petition was admitted by NCLT - HELD THAT - Issue notice. Until further orders, there shall be stay of the impugned order passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi so far as the remand of I.A. No. 300 of 2018 to the Adjudicating Authority i.e. National Company Law Tribunal, is concerned. List in the month of July, 2022.

Summary

The Supreme Court ordered a stay on the impugned order passed by the National Company Law Appellate Tribunal regarding the remand of a case to the National Company Law Tribunal. Notice issued, counter affidavit to be filed in eight weeks, and the case listed for July 2022.