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of <h1>Delhi High Court delays hearing; NCLT allowed to proceed. Orders subject to writ petition outcome. Rejoinders permitted.</h1> <h3>ASIAN COLOUR CONATED ISPAT LIMITED Versus RESERVE BANK OF INDIA AND ORS</h3> The High Court of Delhi postponed the hearing in a case involving multiple parties due to time constraints. The National Company Law Tribunal (NCLT) was ... 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. 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.
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