https://www.taxtmi.com/caselaws?id=281528 The National Company Law Appellate Tribunal in New Delhi admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against 'Videocon Industries Ltd.,' leading to the imposition of a moratorium under Section 14 of the I&B Code. The judgment directed the maintenance of status quo until the next hearing, emphasized expeditious disposal of MA No.1300/2018, and instructed oil companies not to release amounts under profit petroleum pending the disposal of the matter. The Adjudicating Authority was urged to promptly consider and decide on the case without being influenced by previous observations. en-us Tue, 20 Nov 2018 00:00:00 +0530 Sat, 22 Jun 2019 06:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281528 The National Company Law Appellate Tribunal in New Delhi admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against 'Videocon Industries Ltd.,' leading to the imposition of a moratorium under Section 14 of the I&B Code. The judgment directed the maintenance of status quo until the next hearing, emphasized expeditious disposal of MA No.1300/2018, and instructed oil companies not to release amounts under profit petroleum pending the disposal of the matter. The Adjudicating Authority was urged to promptly consider and decide on the case without being influenced by previous observations. Case-Laws Insolvency and Bankruptcy Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281528