JM Financial ARC Appeals NCLT Order Delay

JM Financial ARC appeals to NCLAT over NCLT's delay in pronouncing a reserved order beyond the 30-day rule.
The appellant cites Rule 150 of NCLT Rules 2016, which mandates orders be pronounced within 30 days of final hearing.
The respondent, Jord Engineers India Ltd., opposes the appeal, arguing it is not maintainable under Section 61 of IBC 2016.
NCLAT disposes of the appeal, requesting the Adjudicating Authority to pass the order in view of Rule 150.