ONE PAGE #17 – In the matter of M/s Thirumala Logistics V Sathavahana Ispat Ltd
Directions by NCLAT for delay in deciding the matters at NCLT
Court: NCLT Hyd & NCLAT Chennai Bench AT# 17&18/2021 Dt 18.03.2021
1. Facts of the Case:
a. Appellant is the Operational Creditor/Section 9 Applicant at NCLT.
b. His grievance is arising out of the order by NCLT dated 25.1.2021 & 9.2.2021 that NCLT is continuously adjourning the matters though the pleadings were completed as early as on 7.12.2020 for the application filed on 24.02 2019.
2. Analysis & Judgment by NCLAT:
Appeal is disposed with following directions at no costs:
a. NCLAT directs NCLT to take up the Application on its file on the next date of hearing ie 23.3.2021 and to dispose the same after providing adequate opportunity of hearing; by adhering to the guiding principles of natural justice within a period of one month from the date of receipt of copy of this judgment.
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