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NCLT asks SBI to file mentioning petition in VISA Steel case

Steel News - Published on Thu, 10 May 2018

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Financial Express reported that the Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday asked State Bank of India (SBI) to file a “mentioning petition” in its case against Visa Steel in which the steelmaker had earlier obtained an interim stay from the Orissa High Court, which later got vacated.

By mentioning petition means that lawyers will have to make a mention of the vacation of the interim stay order so that the case can be fast-tracked. SBI counsel Poonam Keswani told FE, “The Orissa High Court order has already been vacated and the bench of Justice Jinan Kr and Madan B Gosavi has asked SBI to file a mentioning petition.”

Keswani said “Since we want to put up the matter early, the bench has asked to file a mentioning petition. It would enable putting the case on a faster track.”

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Posted By : Nanda Koijam on Thu, 10 May 2018
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