Supreme Court of India
Xlo India Limited and Another v. International Asset Reconstruction Company Private Limited & Others
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the aforesaid, the said appeal preferred by respondent no.1 before the DRAT challenging the order of pre-deposit stands disposed of.
Judgment, page 4
From the headnote
Recovery of Debts and Bankruptcy Act, 1993 – s.25 – Appeal arising out of impugned judgment passed by High Court by which the High Court dismissed writ petition preferred by appellants confirming the order passed by Debts Recovery Appellate Tr ibunal (DRAT), Delhi passed in Appeal No.82/2020 – DRAT, Delhi disp osed of said appeal preferred by respondents maintaining the order of attachment of share held by appellant no.1 during p endency of Appeal No.1/2020 – However, DRAT also directed and observed that in the meanwhile recovery proceedings will go on before the Recovery Officer who will try
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