The National Company Law Appellate Tribunal (NCLAT) on Thursday gave its go ahead to NCLT Mumbai to decide on Adani Ports and SEZ Ltd's bid for Dighi Port.
However, the outcome would be subject to its final order, the NCLAT added.
The National Company Law Tribunal (NCLT) has reserved its order over an application moved by the resolution professional of Dighi Port for approval of the Rs 650 crore resolution plan submitted by Adani Ports and Special Economic Zone (APSEZ) under Section 31 of the IBC.
The Committee of Creditors (CoC) of Dighi Port had voted in favour of the resolution plan by APSEZ and rejected the promoters' offer to settle the dues under Section 12A of the Insolvency and Bankruptcy Code (IBC).
A two-member bench headed by Chairperson Justice S J Mukhopadhaya asked the creditors and the resolution professional of Dighi Port Ltd to file a comparative chart giving compatability and feasibility of the plans in two weeks.
"Pendency of this appeal would not come in the way of adjudicating authority (NCLT) to decide" over it, the NCLAT said.
However, it added, "If any plan approved, it should be subject matter of this appeal."
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