2021 (8) TMI 1234 - SC - Companies Law

Maintainability of appeal - Resolution plan of the appellant has been approved by the Committee of Creditors (COC) and placed before the adjudicating authority - HELD THAT - In the meanwhile the respondent has filed an appeal before the NCLAT. While issuing notice on 09.03.2021 the NCLAT directed the adjudicating authority not to pass final orders till the appeal is heard. In view of the NCLT hearing the matter and reserving it for orders the NCLAT is directed to decide the matter on the next date of hearing - appeal dismissed.

Summary

The Supreme Court granted permission to file an appeal. The NCLAT is directed to decide the matter on the next date of hearing. The appeal was dismissed and pending applications were disposed of.