2023 (2) TMI 1350 - SCH - IBC

Dues payable after/from the date of admission of application and onwards - Regulation 31 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2018 - HELD THAT - Issue notice, returnable in the month of September 2023.

Summary

The Supreme Court of India heard a case regarding current dues in insolvency resolution plans. The appellant relied on Regulation 31 of the Insolvency and Bankruptcy Board of India Regulations. The Court issued notice returnable in September 2023 and clarified that a previous order by the National Company Law Appellate Tribunal was not stayed, but the appellant's rights would be protected.