How to draft an application for a stay on the operation of the impugned order passed by the NCLT under the IBC
In the first part of the article titled “Your ultimate guide to drafting an appeal before the NCLAT under the IBC”, I repeatedly mentioned filing a separate and independent application for stay on operation of the impugned order, alongside the memorandum of appeal. In this part, we will learn how to draft that very stay application effectively.