https://www.taxtmi.com/caselaws?id=304449 The Supreme Court permitted withdrawal of the Special Leave Petitions because the National Company Law Tribunal was already seized of the matter in the corporate insolvency resolution process. It dismissed the petitions as withdrawn while expressly granting liberty to the petitioner to seek further or appropriate relief before the NCLT. The Court also noted that the NCLT's interim order restraining utilisation of the bank guarantee remained in force and directed the pending applications before that tribunal to be decided in accordance with law. en-us Wed, 19 Feb 2020 00:00:00 +0530 Tue, 27 Sep 2022 07:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304449 The Supreme Court permitted withdrawal of the Special Leave Petitions because the National Company Law Tribunal was already seized of the matter in the corporate insolvency resolution process. It dismissed the petitions as withdrawn while expressly granting liberty to the petitioner to seek further or appropriate relief before the NCLT. The Court also noted that the NCLT's interim order restraining utilisation of the bank guarantee remained in force and directed the pending applications before that tribunal to be decided in accordance with law. Case-Laws Insolvency and Bankruptcy Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304449