NCLT Ahmedabad adjourns IMP Powers Ltd liquidation proceedings pending Supreme Court appeal on STCI Finance's pari passu charge claim.
Supreme Court allowed sale process conclusion but froze distribution, questioning NCLAT's ruling against STCI's first charge status.
Liquidator directed to submit 17th SCC meeting resolution details and proposed distribution plan by affidavit within five days.
All three IAs (965/2024, 238/2025, 874/2026) adjourned to June 19, 2026, for further consideration and replies.