Delhi HC Stays NCLT Order Initiating Insolvency Proceedings Against An MSME Despite The March 24 Order Which Increased The Jurisdiction Of The Tribunal To 1 Crore [Read Order]

Delhi High Court has stayed an order passed by the National Company Law Tribunal wherein proceedings were initiated against a Micro, Small & Medium Enterprise (MSME) under Section 9 of the Insolvency & Bankruptcy Code. While holding that there's a prima facie case in favour of the Petitioner, the Single Bench of Justice Prathiba M Singh relied upon the notification...