Reference is invited to our earlier communication dated 26th April 2023 wherein we had informed about the order and judgement passed by Hon'ble National Company Law Appellate Tribunal ('NCLAT'), New Delhi, on 25th April 2023. The company has appealed against the aforesaid order and judgement, before the Supreme Court of India, New Delhi, on 18th May 2023. The matter was heard before Hon'ble Supreme Court of India on 29th May 2023. The Hon'ble Court has ordered, inter-alia, stay on the contempt proceedings against the company and its directors pending before the Hon'ble National Company Law Tribunal, Chandigarh. The apex court in its order also exhibited the following: - 'Prima facie, it appears that subsequent events have not been taken note of by the NCLT and the NCLAT, despite a clear indication in that behalf in the earlier order of this Court dated 09.07.2019 passed in Civil Appeal No.3165/2010 and connected case.'