2023 (10) TMI 1257 - SCH - Insolvency and Bankruptcy

Rejection of application of the Liquidator - recoveries of customs duties - invocation of the Bank Guarantee(BG) allowed, during the moratorium period in force under section 14 of IBC - It was held by NCLAT that The appeal is devoid of merit and does not deserve to be admitted at the initial stage itself. HELD THAT - The appeal is accordingly dismissed.

Summary

The Supreme Court dismissed the appeal and upheld the order of the National Company Law Appellate Tribunal in Company Appeal (AT)(CH) (Insolvency) No 259 of 2023. Any pending application was disposed of.