NCLAT Rejects Reliance Capital’s Creditor Plea To Vacate Status Quo Order
Live LawNational Company Law Appellate Tribunal bench comprising of Justice Ashok Bhushan and Mr. Barun Mitra disposed off the appeal filed by the Reliance Capital Creditor namely Vistra ITCL against the NCLT Mumbai order dated 23.01.2023. Senior Advocate Darius Khambata along with Senior Advocate Ramji Srinivasan & Arun Kathpalia appeared for Torrent Investment and apposed the plea of Vistara ITCL on the ground that NCLT already stated that it will pass final order in week commencing 30th January and therefore, there is no illegality in maintaining status quo till the final order. Case Detail: Vistra ITCL v. Torrent Investments, CA 87/2023 For Appellant: Mr. Kabil Sibal, Sr. Advocate with Mr. Piyush Mishra, Ms. Pooja Dhar, Mr. Sanjeev Kumar, Mr. Anshul Sehgal, Mr. Divyanshu Jain, Mr. Rishabh Parikh, Ms. Anusha Nagarajan, Advocates Mr. Pratul Pratap Singh For Respondents: Mr. Darius Khembata, Mr. Ramji Srinivasan, Mr. Arun Kathpalia, Sr. Advocates with Mr. Anoop Rawat, Mr. Vaijayant Paliwal, Mr. Rishabh Jaisaini, Mr. Sagar Dhawan, Mr. Nikhil Mathur, Mr. Daksh Kadian, Mr. Aditya Dhupar, Mr. Kshitij Wadhwa, Ms. Shruti Pandey, Advocates Mr. Gopal Jain, Sr. Advocate, Mr. Vijayendra Pratap Singh, Ms. Anindita Roy Chowdhury, Mr. Bharat Makkar, Mr. S. Garg, Advocates for R-2.