Petitioner granted liberty to approach NCLT under RIICO Disposal of Land Rules

The High Court granted the petitioner liberty to approach the NCLT for orders under the RIICO Disposal of Land Rules, 1979, as per Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The RP can make submissions, including extending the moratorium period before the NCLT, which can issue interim orders for property protection. The writ petition has been disposed of accordingly.

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The High Court granted the petitioner liberty to approach the NCLT regarding orders under the RIICO Disposal of Land Rules, 1979, as per Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The RP can raise submissions, including extending the moratorium period before the NCLT. NCLT can issue interim orders for property protection. The writ petition is disposed of accordingly.

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