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<h1>Appeal Dismissed: Supreme Court Upholds NCLAT Ruling, Maintains Status Quo in Appellate Tribunal's Conclusion.</h1> The SC dismissed the civil appeal, upholding the NCLAT, New Delhi's order. The decision affirms the NCLAT's ruling without modification, reinforcing the ... Corporate insolvency proceedings - infirmity in the scheme - it was held by NCLAT that In absence of any provision to get the Schemes in question executed through any court of Competent jurisdiction, the relevant provision(s) having been repealed, the appellant(s) may raise the question, if the respondent(s) move before any court of Law for implementation of the Schemes - HELD THAT:- It is not required to interfere with the impugned order of the National Company Law Appellate Tribunal, New Delhi - appeal dismissed. The Supreme Court dismissed the Civil Appeal and did not interfere with the order of the National Company Law Appellate Tribunal, New Delhi.
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