SC dismisses appeals challenging NCLAT order on corporate debtor dissolution and EMD refund during pandemic

The SC dismissed civil appeals challenging an NCLAT order regarding dissolution of a corporate debtor. The appellant sought extension of time to pay amounts beyond tender document stipulations. NCLAT denied the extension request but granted partial EMD refund considering pandemic challenges. The SC found no grounds for interference with the NCLAT's decision and dismissed the appeals accordingly.

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The Supreme Court, with Hon'ble Justices Abhay S. Oka and Ujjal Bhuyan presiding, heard the appeal presented by senior counsel for the appellant. Upon consideration, the Court found "no case for interference with the impugned order passed by the National Company Law Appellate Tribunal." Consequently, the Civil Appeals were dismissed.

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