{"id":2075,"date":"2024-09-11T07:45:00","date_gmt":"2024-09-11T07:45:00","guid":{"rendered":"http:\/\/sierrascreen.com\/?p=2075"},"modified":"2024-09-15T10:07:36","modified_gmt":"2024-09-15T10:07:36","slug":"nclat-suspends-insolvency-resolution-process-against-essar-oil-and-gas-exploration-production","status":"publish","type":"post","link":"http:\/\/sierrascreen.com\/index.php\/2024\/09\/11\/nclat-suspends-insolvency-resolution-process-against-essar-oil-and-gas-exploration-production\/","title":{"rendered":"NCLAT suspends insolvency resolution process against Essar Oil and Gas Exploration &amp; Production"},"content":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) has suspended the order of the lower tribunal that admitted Essar Oil and Gas Exploration &amp; Production Ltd under the Corporate Insolvency Resolution Process. The appellate tribunal observed that the Section 9 application was used as a recovery mechanism, which is not permissible under the IBC. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Appellate Tribunal (NCLAT) has suspended the order of the lower tribunal that admitted Essar Oil and Gas Exploration &amp; Production Ltd under the Corporate Insolvency Resolution<\/p>\n<p class=\"more-link\"><a href=\"http:\/\/sierrascreen.com\/index.php\/2024\/09\/11\/nclat-suspends-insolvency-resolution-process-against-essar-oil-and-gas-exploration-production\/\" class=\"readmore\">Continue reading<svg class=\"icon icon-arrow-right\" aria-hidden=\"true\" role=\"img\"> <use href=\"#icon-arrow-right\" xlink:href=\"#icon-arrow-right\"><\/use> <\/svg><span class=\"screen-reader-text\">NCLAT suspends insolvency resolution process against Essar Oil and Gas Exploration &amp; Production<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/posts\/2075"}],"collection":[{"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/comments?post=2075"}],"version-history":[{"count":1,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/posts\/2075\/revisions"}],"predecessor-version":[{"id":2076,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/posts\/2075\/revisions\/2076"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/media\/2000"}],"wp:attachment":[{"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/media?parent=2075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/categories?post=2075"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/sierrascreen.com\/index.php\/wp-json\/wp\/v2\/tags?post=2075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}