2021 (8) TMI 980 - SC - Insolvency and Bankruptcy

Non-compliance with the order - non-submission of amount in the account of the Corporate Debtor - HELD THAT - The amount of ₹ 32.50 lakhs has not been made over. Considering the facts and circumstances on record, in our view, it would be better if an application is preferred by the petitioner before the NCLT, Gauhati. - List the matter on 20.08.2021.

Summary

The Supreme Court directed the petitioner to file an application before the NCLT, Gauhati within seven days regarding non-compliance of directions and non-payment of Rs. 32.50 lakhs. The NCLT, Gauhati was instructed to give appropriate directions promptly, with the case listed for 20.08.2021.