https://www.taxtmi.com/caselaws?id=285571 The National Company Law Appellate Tribunal, New Delhi, addressed the urgent matter raised by the appellant regarding disputes predating the notice under Section 8 or the application under Section 9. The Tribunal accepted the appellant's offer to keep a specified amount in an Escrow account to protect the Operational Creditor's interests. The Tribunal stayed the Adjudicating Authority's order until the next hearing on 10th July 2018, emphasizing the need for immediate protection and ensuring transparency in the process by directing the completion of the Escrow account arrangement within the next 3 days. en-us Tue, 05 Jun 2018 00:00:00 +0530 Sat, 18 Jan 2020 10:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285571 The National Company Law Appellate Tribunal, New Delhi, addressed the urgent matter raised by the appellant regarding disputes predating the notice under Section 8 or the application under Section 9. The Tribunal accepted the appellant's offer to keep a specified amount in an Escrow account to protect the Operational Creditor's interests. The Tribunal stayed the Adjudicating Authority's order until the next hearing on 10th July 2018, emphasizing the need for immediate protection and ensuring transparency in the process by directing the completion of the Escrow account arrangement within the next 3 days. Case-Laws Insolvency and Bankruptcy Tue, 05 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285571