2020 (1) TMI 200

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....editors of Punj Lloyd Ltd. Ms. Tanya Kapoor, Adv. for R-6/SBI O R D E R D.N. PATEL, CHIEF JUSTICE (ORAL) CM APPL. 55410/2019 (exemption) 1. Allowed, subject to all just exceptions. 2. The application stands disposed of. W.P.(C) 13774/2019 & CM APPL. 55409/2019 (for stay) 1.  This writ petition has been preferred with the following prayers: "A. Allow the present Writ Petition. B. A writ of and/or in the nature of Certiorari do issue calling upon the Ld. NCLT to transmit to this Hon'ble Court entire file in respect of the proceedings being Application No. CA- 2823 (PB)/ 2019 in Petition being No. (IB) -731 (PB)/ 2018 that the same may be quashed and conscionable justice done. C. Set Asid....

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.... Punj Lloyd Ltd.") which is at annexure P-1 to the memo of this appeal, mainly for the reason that the stay has been granted by the said Principal Bench against the encashment of the Bank Guarantee. 3. Much has been argued out by learned counsel for the petitioner about the jurisdictional error of NCLT, Principal Bench, New Delhi on basis of several sections including Section 3 (31), to be read with Section 14, to be read with Section 60 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as "the Code 2016") 4. As the impugned order dated 13th December, 2019 passed by the NCLT is an appealable order under Section 61 of the Code, 2016, we are not entering into the merits of the case. 5. This is neither a case that a....