Panch Tatva Promoters Pvt. Ltd. vs Gpt Steel Industries Ltd. on 17 September, 2021

Supreme Court of India

Panch Tatva Promoters Pvt. Ltd. vs Gpt Steel Industries Ltd. on 17 September, 2021

Author: Dinesh Maheshwari

Bench: Dinesh Maheshwari, Vikram Nath

                                            IN THE SUPREME COURT OF INDIA
                                            CIVIL APPELLATE JURISDICTION


                                            CIVIL APPEAL NO. 5630 OF 2021


                         PANCH TATVA PROMOTERS PVT. LTD.                             APPELLANT(S)

                                                              VERSUS

                         GPT STEEL INDUSTRIES LTD. & ORS.                            RESPONDENT(S)


                                                             O R D E R

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
Signature Not Verified

Digitally signed by
JAGDISH KUMAR
Date: 2021.09.18
observations foregoing.

13:41:05 IST
Reason:

All pending applications stand disposed of.

…………… J.

(DINESH MAHESHWARI)

…………… J.

(VIKRAM NATH)
NEW DELHI
SEPTEMBER 17, 2021