Tribunal allows corrected filing, grants relief, maintains status quo on property assets. The Tribunal allowed the corrected copy to be filed by the Financial Creditor due to a typographical error. An application for ad interim relief against ...
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Tribunal allows corrected filing, grants relief, maintains status quo on property assets.
The Tribunal allowed the corrected copy to be filed by the Financial Creditor due to a typographical error. An application for ad interim relief against the Corporate Debtor and another Financial Creditor was accepted. The Corporate Debtor agreed to maintain status quo regarding immovable property assets, with Yes Bank given two weeks to respond. Further hearing is scheduled for 15.11.2021.
The Tribunal allowed the corrected copy to be filed by the Financial Creditor due to a typographical error in the main application. An application seeking ad interim relief against the Corporate Debtor and another Financial Creditor, Yes Bank, was also accepted. The Corporate Debtor is in possession of the company's immovable property assets. The Corporate Debtor agreed to maintain status quo with respect to the assets, and Yes Bank was issued notice to respond within two weeks. The case is listed for further hearing on 15.11.2021.
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