NCLAT stays corporate insolvency proceeding against ECL
"The application filed by the operational creditor... is hereby admitted for initiating the Corporate Insolvency Resolution Process in respect of Eastern Coalfields...," Justice Madan B Gosavi had said in his December 19 order.
NCLAT on Saturday ruled that "until further orders, the operation of the impugned order dated 19th December, 2018 passed... By NCLT Kolkata Bench shall remain stayed, Image source: PTI