Writ Petition against scheduled e-auction Delayed due to Closure of NCLT: Delhi HC allows to Approach NCLT [Read Order]
The respondent agreed to hold the auction for a week as the NCLT, Delhi would reopen only on 01.04.2024
Writ Petition – scheduled e-auction Delayed – Closure of NCLT- Delhi HC – Approach NCLT – taxscan
Writ Petition – scheduled e-auction Delayed – Closure of NCLT- Delhi HC – Approach NCLT – taxscan
The Delhi High Court allowed the petitioner assessee to approach the National Company Law Tribunal ( NCLT ) as the assessee was not appealing against the scheduled e-auction due to the Closure of the NCLT.
Ashok Chaturbhuj Bhatia, the petitioner submitted that e-auction is scheduled for tomorrow but is constrained to file a Writ Petition as he is in no position to move NCLT as it would reopen 01.04.2024 only. During the arguments, it was prayed for relief for the interregnum only so that he could approach NCLT where liquidation proceedings are pending.
Sh. Raghav Chadha, counsel has put in an appearance on behalf of respondent nos. 3 & 4. He admitted that the auction is due tomorrow but since the NCLT, Delhi would reopen only on 01.04.2024, they would keep the auction, concerning the property in question, on hold for one week, to enable the petitioner to approach NCLT.
Justice Manoj Jain held that “the petitioner would be at liberty to approach NCLT within one week from today and as undertaken, the auction of property in question, shall remain on hold till then only.”
The court disposed of the writ petition in the aforesaid terms.
To Read the full text of the Order CLICK HERE
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