2023 (7) TMI 1509 - HC - Central Excise

Applicability of Resolution Plan - creditor including the Central Government State Government or any local authority - applicability of plan once it is approved by an adjudicating authority under subsection (1) of Section 31 of the Insolvency and Bankruptcy Code 2016 - HELD THAT - Issue notice to the respondents returnable on 23.08.2023. Till the next date of hearing there shall be ad-interim relief.

Summary

The High Court of Gujarat issued an oral order in a case where the issue is covered by a Supreme Court decision. Notice was issued to the respondents returnable on 23.08.2023, with ad-interim relief granted until the next hearing. Direct service was permitted for respondent Nos. 2 and 3. (Case citation: TMI, Justices: Vipul M. Pancholi and Devan M. Desai, Petitioner's advocate: Mr. Dhaval Shah)