NCLT’s move reportedly came after a request was filed by Solicitor General Tushar Mehta, seeking restraint from issuing any directives. Mehta, who is representing the union government and other stakeholders, requested the NLCT bench to permit the former BPSL promoter to first identify and implead all necessary parties before the hearing is formally started. He highlighted that stakeholders are mulling various legal options in response to the apex court’s May 2 ruling, including seeking a fresh Corporate Insolvency Resolution Process (CIRP) for BPSL.
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