2023 (8) TMI 413 - SCH - Insolvency and Bankruptcy

Admitted as resolution professional in the third meeting of the Committee of Creditors and until the seventeenth meeting - National Company Law Appellate Tribunal rendered adverse findings in regard to the conduct of the appellant and imposed costs of Rs 1,00,000. HELD THAT - Issue notice, returnable in three weeks.

Summary

The Supreme Court heard a case where the appellant, a resolution professional, challenged adverse findings by the National Company Law Appellate Tribunal and imposition of costs. The Court issued a notice returnable in three weeks and stayed the direction for depositing Rs 1,00,000 in the meantime.