2020 (8) TMI 373 - AT - Insolvency and Bankruptcy

Hearing of the case - outbreak of COVID-19 pandemic situation - It is stated at the Bar that the matter is now listed for 27th July, 2020 for hearing through virtual mode - HELD THAT - n view of the events that have intervened bringing the wheels of justice to a halt, we direct the Adjudicating Authority to hear the matter expeditiously alongwith all IAs according priority to the matter as the same pertains to insolvency resolution which process was commenced on 20th February, 2018. It is expected that the Adjudicating Authority would hear the matter with utmost expedition and dispose of the same without any further loss of time - appeal disposed off.

Summary

The National Company Law Appellate Tribunal directed the Adjudicating Authority to expedite the insolvency matter that was adjourned due to COVID-19, with the next hearing scheduled for virtual mode on 27th July, 2020. The Authority was instructed to prioritize and resolve the matter promptly, despite the mode of hearing.