Binani Industries in its submission before the Kolkata bench of National Company Law Tribunal (NCLT) on Monday said that it has filed an application before Supreme Court for setting aside the April 5 order passed by the National Company Law Appellate Tribunal (NCLAT). It has also prayed for the termination of insolvency proceedings against Binani Cement.
It is to be noted that on April 5, while posting the matter for further hearing on April 19, the NCLAT had directed the Kolkata bench of NCLT to consider the Binani Cement case only under the provisions of the Insolvency and Bankruptcy Code (IBC).
The counsel for Binani Industries, in its application before the Supreme Court, has requested for setting aside the NCLAT order and also praye…
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