dated 30.05.2018,
and the three orders of this Court, these orders are set out hereunder:
The order of the NCLAT, dated 30.05.2018, states:
“These appeals ... light of the order of this Hon’ble
Court dated 3rd August, 2018, read with the order of
the Hon’ble NCLAT dated 30th
dated 22.06.2021 by which the
Resolution Plan was approved before the NCLAT. Vide order dated
21.10.2022, the NCLAT upheld the order of the NCLT dated ... vide order dated 02.02.2024 as being misconceived
in view of our previous order dated 18.01.2024. This order is reproduced
hereunder:
“ ORDER
1. The Miscellaneous Application
therefore, allowed the appeals filed by KIAL.
Vide the said order, NCLAT, while setting aside
both the orders dated 28.11.2019, passed by NCLT, also
directed ... pass an order for
liquidation of the corporate debtor.
5. Being aggrieved by the aforesaid order passed by
NCLAT, four appeals have been filed before
order
of the NCLT dated 01.08.2019, granting approval of the
Resolution Plan of the SRA.
7. By an order dated 02.06.2020, NCLAT allowed the appeal ... appreciated by NCLAT. Therefore,
the NCLAT was wrong in its approach even in this regard.
47. Therefore, in fine, the impugned order of NCLAT
Additionally, there is a set of appeals arising out of the NCLAT
Order dated 28.07.2023, pertaining to the approval accorded to
the combination between HNGIL ... nature, rather than
‘mandatory’.
30. A few paragraphs from the impugned NCLAT order being relevant
are extracted herein below:
“... ... 33. The question of obtaining approval
Resolution Plans within the deadline stipulated by
the NCLAT vide order dated 06.08.2018.
(ix) In the 18th Meeting held on 14.08.2018 the plans
submitted ... Supreme
Court.
3. Being aggrieved by the said impugned Judgment and
Order of NCLAT, these appeals have been filed by the
Appellants as stated hereinabove
NCLAT in Company Appeal No. 760 of 2021,
whereby the NCLAT has dismissed the Appeal of
the Appellant and confirmed the order dated
07.06.2021 passed ... NCLAT in Company
Appeal Nos.370, 376-377 and 393 of 2021,
whereby the NCLAT has set aside the order dated
19.05.2021 passed
NCLAT failed
to exercise its inherent powers under Rule 11 of the NCLAT Rules, 2016, which
empower it to pass such orders ... meticulously.
9. By order dated 06.08.2025, this Court stayed the operation of the
impugned judgment and order passed by the NCLAT till the pronouncement
NCLAT, NCLT, by a
separate order, directed liquidation of CD.
9. Aggrieved by the order of NCLAT dated 26.09.2019,
the suspended Managing Director ... before this Court.
This Court, vide order dated 21.10.2019, allowed the
appeal, set aside the order of NCLAT and restored the
appeal on the file
order holding that
the actions of the HDFC and Escrow Bank in debiting the amount from the
Escrow Account violated the orders passed by NCLAT ... compliance with the order passed by former judge of this
court on July 3, 2020.
8. By the impugned order, NCLAT held that
