NCLAT stays insolvency proceedings against Essar Oil and Gas

The NCLAT bench, chaired by Justice Ashok Bhushan, stayed the CIRP proceedings after Essar highlighted a settlement agreement that specified a final installment payment between the parties.

Essar Oil and Gas and NCLAT

Published on:

10 Sep 2024, 2:43 pm

2 min read

The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the insolvency proceedings against Essar Oil and Gas Exploration and Production Ltd., a company of the Essar Group [Pankaj Kalra Vs. Greeka Greens Solutions (India) Ltd. & Anr.].

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Justice Ashok Bhushan

NCLAT

NCLT

CIRP

Essar Oil and Gas Exploration and Production Ltd.