2023 (11) TMI 1275 - SCH - Insolvency and Bankruptcy

Order of provisional attachment binding on the Corporate Debtor or not - it was held by NCLAT that ' The Adjudicating Authority did not commit any error in rejecting the application filed by the Resolution Professional challenging the order passed by the PMLA Court' - HELD THAT - List for directions to report on latter aspect on 09.01.2024.

Summary

Issues: Delay condonation, permission to file additional documents, intervention application

In the present judgment delivered by the Supreme Court, the Court first addressed the issue of delay condonation and allowed the same. Subsequently, the Court granted permission for the filing of additional documents/facts/annexures. The learned counsel for the respondents informed the Court about the unavailability of the learned Solicitor General due to his presence before another Court and mentioned ongoing internal discussions to resolve any issues. The Court then scheduled a list for directions to report on this matter on 09.01.2024.

Regarding the Intervention Application filed, the Court permitted the applicant to intervene and present submissions on the legal questions raised. The Court disposed of the application accordingly, allowing the intervention and addressing the legal aspects raised by the applicant.