Whatever stay has been granted by any court including the High Court automatically expires within a period of six months – Asian Resurfacing of Road Agency Pvt. Ltd. & Anr. Vs. Central Bureau of Investigation – SC

Supreme Court held that whatever stay has been granted by any court including the High Court automatically expires within a period of six months, and unless extension is granted for good reason, as per our judgment, within the next six months, the trial Court is, on the expiry of the first period of six months, to set a date for the trial and go ahead with the same.

Liquidation of the Corporate Debtor should be a matter of last resort, the IBC recognizes a wider public interest in resolving corporate insolvencies & its object is not the mere recovery of monies due and outstanding – Kridhan Infrastructure Pvt. Ltd. (Now Appellant(s)  Known as Krish Steel and Trading Pvt. Ltd) Vs. Venkatesan Sankaranarayan & Ors. – SC

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