Inclusion of current dues in a resolution plan under insolvency regulations drew notice, but no interim stay was granted.

The Supreme Court considered a plea on whether current dues could be included in a resolution plan under Regulation 31 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2018. Notice was issued on the appellant's request and made returnable in September 2023. No interim stay was granted against operation of the impugned order, and the clarification was expressly made without prejudice to the appellant's rights.

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Issues: Whether notice should be issued on the appellant's plea concerning inclusion of current dues in the resolution plan under Regulation 31 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2018, and whether operation of the impugned order required interim stay.

Outcome: Notice issued, returnable in September 2023. No stay was granted against the operation of the impugned order, and the clarification was made without prejudice to the appellant's rights.

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