Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2018 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (11) TMI 1634 - AT - Insolvency and BankruptcySequel to admission of petition, moratorium has been slapped in terms of Section 14 of the I&B - HELD THAT:- Since the Adjudicating Authority has passed the interim direction on the basis of a prima facie view which is directed to last only till 26.11.2018 and MA No. 1300/2018 has not been decided on merit, it would be appropriate to dispose of the instant appeal by requesting the Adjudicating Authority to expedite the disposal of aforesaid MA after taking reply from the Appellant. The Adjudicating Authority will permit the Appellant to submit its reply on 26.11.2018. It would be appropriate to direct that the oil companies (R-2 to 5) shall not release amounts under profit petroleum which comprises subject matter of notice, till disposal of MA No. 1300/2018.
|