NCLAT reserves judgment on an appeal filed by Infrastructure Leasing & Financial Services Ltd. against Union of India and others.
Respondent No. 8, an affected party, submits that funds under the resolution plan are to be received by them.
Parties agree no notice is required for non-appearing respondents; judgment to be based on submissions from contesting parties.
Funds are to remain in an escrow account until the tribunal delivers its final judgment.