2019 (9) TMI 1652 - SCH - Insolvency and Bankruptcy

Supreme Court grants appeal, stays judgment, orders status quo in criminal prosecution case

The Supreme Court of India granted permission to file the appeal(s), issued a stay on the impugned Judgment, and directed the parties to maintain status ... Approval of Revised Resolution Plan - revised plan has not been approved by the ‘Committee of Creditors’ - whether a case has been made out to exclude any period for the purpose of counting 270 days of the ‘Corporate Insolvency Resolution Process’? - HELD THAT:- Issue notice. Tag with COMMITTEE OF CREDITORS OF AMTEK AUTO LIMITED THROUGH CORPORATION BANK VERSUS DINKAR T. VENKATSUBRAMANIAN & ORS. [2019 (9) TMI 1098 - SC ORDER] The Supreme Court of India granted permission to file the appeal(s) and issued a stay of operation and implementation of the impugned Judgment. The parties were directed to maintain status quo with regard to the criminal prosecution in the case in question. The order will not affect the progress of other criminal cases.