Full Text
Translation output
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO. 5630 OF 2021
PANCH TATVA PROMOTERS PVT. LTD. APPELLANT(S)
CIVIL APPEAL NO. 5630 OF 2021
PANCH TATVA PROMOTERS PVT. LTD. APPELLANT(S)
VERSUS
GPT STEEL INDUSTRIES LTD. & ORS. RESPONDENT(S)
Having heard learned senior counsel for the appellant and having perused the material placed on record, we are not inclined to interfere in this matter at the instance of the appellant, particularly at this juncture when the Resolution Plan approved by the
Committee of Creditors is pending for approval of the
Adjudicating Authority.
It goes without saying that the submissions sought to be made by the appellant could be the matter for consideration of the Adjudicating Authority, of course, strictly in accordance with law. In that regard, suffice it to say that any observations made in the impugned order shall not be of prejudice to the appellant in making the relevant submissions; and consideration thereof by the Adjudicating Authority.
The appeal stands dismissed subject to the observations foregoing.
Having heard learned senior counsel for the appellant and having perused the material placed on record, we are not inclined to interfere in this matter at the instance of the appellant, particularly at this juncture when the Resolution Plan approved by the
Committee of Creditors is pending for approval of the
Adjudicating Authority.
It goes without saying that the submissions sought to be made by the appellant could be the matter for consideration of the Adjudicating Authority, of course, strictly in accordance with law. In that regard, suffice it to say that any observations made in the impugned order shall not be of prejudice to the appellant in making the relevant submissions; and consideration thereof by the Adjudicating Authority.
The appeal stands dismissed subject to the observations foregoing.
All pending applications stand disposed of. ............... J.
(DINESH MAHESHWARI) ............... J.
(VIKRAM NATH)
NEW DELHI
SEPTEMBER 17, 2021
(DINESH MAHESHWARI) ............... J.
(VIKRAM NATH)
NEW DELHI
SEPTEMBER 17, 2021
JUDGMENT