Case Note & Summary
The National Company Law Appellate Tribunal (NCLAT) at Chennai, in Company Appeal (AT) (CH) (Ins) No.128/2023 and 129/2023, passed an order on 20.12.2024. The appeals were filed by Umesh Mishra, the suspended director of Arrowline Organic Products Pvt. Ltd., against Srei Equipment Finance Ltd. and another respondent. The Tribunal directed the Office of the Registry to list the appeals for hearing on 10.03.2025 under the caption 'For Hearing'. It further ordered that the earlier interim order granted by the Tribunal in Company Appeal (AT) (CH) (Ins) No. 129/2023 shall continue until the next date of hearing. The order was delivered by a bench comprising Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical).
Headnote
A) Insolvency Law - Interim Order - Continuation - Insolvency and Bankruptcy Code, 2016 - The Tribunal directed the Registry to list the appeals for hearing on 10.03.2025 and ordered that the earlier interim order granted in Company Appeal (AT) (CH) (Ins) No. 129/2023 shall continue until the next date of hearing. (Para 1)
Issue of Consideration
Whether the interim order granted earlier should continue pending hearing of the appeals.
Final Decision
The Tribunal directed the Registry to list the appeals on 10.03.2025 for hearing and ordered that the earlier interim order granted in Company Appeal (AT) (CH) (Ins) No. 129/2023 shall continue until the next date of hearing.
Law Points
- Interim order continuation
- Listing for hearing
