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]
Karan Tripathi
25 Jun 2020 2:10 PM IST
![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]](https://www.livelaw.in/h-upload/2019/08/29/750x450_363792-delhi-high-court-6.jpg "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...
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