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Aggrieved parties can only appeal admission orders under IBC; staying all pending proceedings is not allowed.
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....When once a case was admitted under the IBC, the only option available to a party as an "aggrieved person" is to prefer an "appeal" of course in accordance with law, against the "order of admission" already passed and not to prefer an application seeking stay of all the pending proceedings....
TaxTMI
TaxTMI