Disposed
In the matter of Mica Industries Limited Ia. No. 893-ND-2023 in Company Petition No. (IB)-464(ND)-2019
Case brief
AI extract
What is this about?
The Tribunal disposed of an affidavit filed by one of the applicants. Citing an order by the Appellate Tribunal in Company Appeal (At) (Insolvency) No. 165 & 166 of 2023 which quashed the admission order, the Tribunal held the instant application had become infructuous and disposed of it accordingly.
What did the court decide?
The IA was disposed of as it had become infructuous due to the quashing of the CIRP admission order by NCLAT.