NCLAT directs status quo on land disputed between Arjun Industries and RIICO, preventing third-party rights creation.
Adjudicating Authority rejected a ₹93 crore resolution plan as it was based on land with contested ownership.
The dispute stems from RIICO's 2021 lease cancellation, currently under challenge in Rajasthan High Court.
The appellate tribunal issued the interim order to protect the asset pending the appeal's final hearing.