2024 (7) TMI 819 - SCH - Insolvency and Bankruptcy

Admission of Section 95 application for initiation of proceeding against the Personal Guarantor - Jurisdiction of NCLT, New Delhi - time limitation - it was held by NCLAT that ' There are no merit in the submissions raised by learned counsel for the Appellant challenging the order of admission passed by the Adjudicating Authority under Section 100 of the I B Code' - HELD THAT - There are no reason to interfere with the order of the National Company Law Appellate Tribunal - appeal dismissed.

Summary

The Supreme Court dismissed the appeal and upheld the order of the National Company Law Appellate Tribunal dated 16 April 2024 in Company Appeal (AT)(Insolvency) No 509 of 2024. Any pending application was disposed of.