Supreme Court Admits AVJ-IIFL Insolvency Claim Appeals

Supreme Court admits appeals challenging NCLAT order upholding IIFL Finance's Rs 85 crore claim against insolvent AVJ Developers.
Arbitral tribunal found IIFL's loan documentation questionable, noting stamp papers purchased while signatory was in judicial custody.
Court directs NCLT and IBBI to report on pendency of resolution plan approval applications, citing a two-year delay in this case.
IBBI impleaded as respondent and senior counsel appointed as amicus to assist the court in examining insolvency process delays.