ONE PAGE #29 – In the matter of M/s Lanco Solar Pvt Ltd

ONE PAGE #29 – In the matter of M/s Lanco Solar Pvt Ltd Directions by NCLAT for the […]

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ONE PAGE #29 – In the matter of M/s Lanco Solar Pvt Ltd
Directions by NCLAT for the delay in deciding matters at NCLT
Court:  NCLT Hyd & NCLAT Chennai Bench AT# 108/2021 Dt 11.06.2021

1. Facts of the Case:

a. Appellant/RP is aggrieved for the delay in proceedings at NCLT.

b. Last date of hearing for IA 676 was 26.03.2021 which got adjourned to 30.04.2021 and then the next date of hearing is not given.

c. Appeal filed seeking directions be given to NCLT to take up the IA 676 at an early date and to dispose the same on merits in accordance with law.

2. Analysis & Judgment by NCLAT:

Appeal is disposed with following directions at no costs:

a. NCLAT, in the fitness of things, simpliciter issues a direction to NCLT to take up the pending IA676 on its file in the teeth of I&B Code within one week from the order date and to dispose the same on merits, in the manner known to law and in accordance with law at any early date.

MS Mano Ranjani

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