TMI BlogApplication for intervention filed by an unfortunate financial creditor - As on today, both CIRPs are on...Application for intervention filed by an unfortunate financial creditor - As on today, both CIRPs are on hold. This is despite the fact that the order passed in favour of the proposed intervenor in his own application under Section 7 IBC, by the NCLAT has attained finality and there is no impediment for the CIPR initiated by the proposed intervenor to proceed further - It is understandable that if the CIRP initiated by the respondent in the above civil appeal is on track. If it is not on track, ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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