RAMKRISHNA FORGINGS LIMITED vs RAVINDRA LOONKAR, RESOLUTION PROFESSIONAL OF ACIL LIMITED

The Supreme Court examined an appeal under Section 622 of the Insolvency and Bankruptcy Code, 2016, challenging the judgment of the NCLAT which upheld an order of the NCLT. The core issue involved the interpretation of procedural provisions related to appeals and the authority of the NCLAT and NCLT in insolvency proceedings. The Court emphasized the importance of adhering to statutory timelines and the scope of appellate jurisdiction under the Code. The appeal was dismissed, affirming the decisions of the lower tribunals.