NCLAT issues interim stay on liquidation order against Corporate Debtor, listing appeal for admission on 23.11.2026.
Appellant challenges Adjudicating Authority's finding of ineligibility under Section 29A(g) and rejection of resolution plan.
Committee of Creditors supports appeal, seeking fresh Form G issuance to maximize Corporate Debtor value and protect 150 employees.
Liquidator directed to maintain Corporate Debtor as going concern until next hearing while barred from further liquidation steps.