ONE PAGE #17 – In the matter of M/s Thirumala Logistics V Sathavahana Ispat Ltd

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.

MS Mano Ranjani

Disclaimer: The Opinions expressed in this article are that of the author(s). The facts and opinions expressed here do not reflect the views of IBC Laws ( The entire contents of this document have been prepared on the basis of the information existing at the time of the preparation. The author(s) and IBC Laws ( do not take responsibility of the same. Postings on this blog are for informational purposes only. Nothing herein shall be deemed or construed to constitute legal or investment advice. Discussions on, or arising out of this, blog between contributors and other persons shall not create any attorney-client relationship.