NCLAT clarifies its stay order, ruling that the IRP continues managing Kashyapi Infrastructure as a going concern despite the stay.
The suspended management of Kashyapi Infrastructure is to assist the IRP in the company's operations until the next hearing.
The Appellate Tribunal corrected a typographical error in its previous order, changing 'IRP' to 'Appellant' for accuracy.
The appeal is scheduled for its next hearing on 04.11.2026, with the corporate insolvency resolution process ongoing under IRP supervision.