SC Dismisses Appeal: No Substantial Question Found; Deposit Deadline Extended to April 8, 2024.

The SC dismissed the appeal under Section 62 of the Insolvency and Bankruptcy Code 2016, finding no substantial question of law in the NCLAT order dated 13 December 2023. The SC extended the deposit deadline to 8 April 2024, warning of consequences for default. All pending applications were disposed of, concluding the case.

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Issues involved:
The judgment deals with the appeal under Section 62 of the Insolvency and Bankruptcy Code 2016, focusing on the order of the National Company Law Appellate Tribunal dated 13 December 2023.

Details of the Judgment:

1. The Supreme Court held that the order of the National Company Law Appellate Tribunal dated 13 December 2023 did not raise any substantial question of law warranting interference in the appeal under Section 62 of the Insolvency and Bankruptcy Code 2016.

2. The Court, however, extended the time granted by the NCLAT for deposit until 8 April 2024, upon the request of the counsel for the appellant. It was emphasized that in case of default, the consequences as per the NCLAT order would be applicable.

3. The appeal was ultimately dismissed by the Supreme Court, with the above extension being the only modification made to the NCLAT order.

4. Additionally, the Court disposed of any pending applications related to the case, bringing a conclusion to all matters before it.

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