https://www.taxtmi.com/caselaws?id=388766 The High Court stayed the NCLT's order admitting a petition under the IBC, appointing an IRP, and declaring a moratorium, to prevent disruption of the ongoing revival scheme in the Company Court. The petitioner was directed to appeal to the NCLAT within four weeks. The High Court emphasized avoiding conflicting orders and protecting creditors' interests. The Court refrained from commenting on the revival scheme's merits or the NCLT's order, disposing of the petition and pending applications accordingly. en-us Fri, 08 Nov 2019 00:00:00 +0530 Thu, 21 Nov 2019 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388766 The High Court stayed the NCLT's order admitting a petition under the IBC, appointing an IRP, and declaring a moratorium, to prevent disruption of the ongoing revival scheme in the Company Court. The petitioner was directed to appeal to the NCLAT within four weeks. The High Court emphasized avoiding conflicting orders and protecting creditors' interests. The Court refrained from commenting on the revival scheme's merits or the NCLT's order, disposing of the petition and pending applications accordingly. Case-Laws Insolvency and Bankruptcy Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388766