 "lenders, creditors, loans, housing, finance, ibc, bankruptcy, home, lending, company, firms, industry, shares, investment")
In some relief for the Khaitans, the National Company Law Appellate Tribunal (NCLAT) directed the interim resolution professional (IRP) not to take any further steps in the corporate insolvency resolution process (CIRP) of McLeod Russel India till the next hearing.
On February 10, the Kolkata Bench of the National Company Law Tribunal (NCLT) had admitted an application filed by IL&FS Infrastructure Debt Fund under Section 7 of the Insolvency and Bankruptcy Code (IBC) for initiating CIRP against McLeod Russel and appointed an IRP. McLeod Russel's erstwhile promoter, Aditya Khaitan, thereafter filed an appeal in NCLAT.
On Wednesday, the appellate tribunal
