https://www.taxtmi.com/caselaws?id=447492 The SC addressed the maintainability of an application under Section 7 of the Insolvency and Bankruptcy Code 2016. It reviewed the NCLAT's order from 17 November 2023, noting the prolonged pendency of the application for nearly two years. The SC declined to intervene at this stage, emphasizing that the application should first be heard and decided on merits. The SC urged the NCLT to expedite the process within two months and dismissed the Civil Appeals, allowing parties to pursue further proceedings as per the law after the merits are decided. en-us Mon, 11 Dec 2023 00:00:00 +0530 Wed, 27 Dec 2023 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447492 The SC addressed the maintainability of an application under Section 7 of the Insolvency and Bankruptcy Code 2016. It reviewed the NCLAT's order from 17 November 2023, noting the prolonged pendency of the application for nearly two years. The SC declined to intervene at this stage, emphasizing that the application should first be heard and decided on merits. The SC urged the NCLT to expedite the process within two months and dismissed the Civil Appeals, allowing parties to pursue further proceedings as per the law after the merits are decided. Case-Laws Insolvency and Bankruptcy Mon, 11 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447492