Disposed
Icici Bank Limited v. Nakshatra World Ltd.
DRTOA/108/2022
Case brief
AI extract
What is this about?
In an original application before the Debt Recovery Tribunal, the applicant sought an interim stay of proceedings in view of related NCLT proceedings initiated against the respondents. The court allowed the stay, declaring the application without substance and disposed of it with liberty to revive.
What did the court decide?
Proceedings stayed (given abeyance) with liberty to revive the application.