NCLAT Rejects Plea for Video Recording in Essar Steel Resolution Plan Dispute

Vir Jai Khosla Vs Nemo (NCLAT Delhi) National Company Law Appellate Tribunal (NCLAT), Delhi Bench, has rejected an application by Mr. Vir Jai Khosla to video record the proceedings in Company Appeal (AT) (Ins.) No. 642-644 of 2023. Khosla, a shareholder in SREI Infrastructure Finance Ltd. (SIFL), sought the recording under Rule 11 of the NCLAT Rules, citing allegations of fraud and false affidavits related to the resolution plans of Essar Steel India Ltd. (ESIL) and Odisha Slurry Pipeline Infrastructure Ltd. (OSPIL). The dispute traces back to the Corporate Insolvency Resolution Process (CIRP)...