NCLAT Chennai stays liquidation order for Thalaivar Steels Ltd after lenders vote to reinstate CIRP.
Eight out of eleven lenders resolved to reinstate corporate insolvency resolution process for the company.
Appeals involve SRA Puissant Global challenging liquidation and CoC seeking penal action for non-implementation.
Tribunal directs interim protection for SRA's interests and lists matter for further hearing on October 27.