2018 (5) TMI 1766 - HC - Companies Law

Since it is already 4.30 p.m. there is not enough time left to hear the arguments in the matter. Counsel for the parties (except counsel for respondent No.1/RBI as the said respondent is not a party before the NCLT) are agreed that while NCLT may go on with the proceedings any orders passed thereto will be subject to the final outcome of the present writ petition. Petitioner will be at liberty to file rejoinders to the counter affidavits filed by the respondents. Renotify the matter on 16.8.2018.

Summary

The High Court of Delhi, in a case involving multiple parties, decided to postpone the hearing due to time constraints. The National Company Law Tribunal (NCLT) was allowed to continue proceedings, but any orders made would be subject to the final outcome of a writ petition. The petitioner was given permission to file rejoinders to counter affidavits, and the case was scheduled to be renotified on 16.8.2018.