NCLAT dismisses Hari Global LLP's plea for interim stay on NCLT order directing fresh Form G issuance for International Recreation and Amusement Ltd.'s insolvency.
The appellate tribunal notes the resolution plan was approved by CoC with 92.91% vote but finds procedural issues in the CIRP process.
NCLAT directs impleadment of Appu Ghar Shop Owners Association as a party and lists the main appeal for hearing on 06.10.2026.
The order observes that Hari Global can participate in the fresh process, which will be subject to the outcome of the pending appeal.