A bench headed by the Chief Justice, while issuing notices to the two, made clear it will not stay the Madras High Court’s 2018 order quashing criminal prosecution against the Chidambarams.
The Election Commission and the central government have submitted their divergent views on the issue in writing to the court.
The NCLAT had said that it could ask the ArcelorMittal to deposit Rs 42,000 crore in a separate account or with the Ahmedabad branch of the NCLT in the next hearing scheduled for April 23.
During the course of the hearing, attorney General KK Venugopoal told the top court that the documents cited by the petitioners were the stolen ones.
Ayodhya Title Dispute: Centre Requests To Release Excess Land Acquired, Nirmohi Akhara Files Application In SC
In March, the SC had ordered a court-appointed and monitored mediation to resolve the long-pending Ram Janmabhoomi-Babri Masjid land dispute case.
During today’s hearing, the government told the court that the “corporate veil” has to be seen in the case.
The industry has argued that the revenue generated from the manufacturing and sale of fireworks is to the tune of ₹6,000 crore per annum.
The court mentioned mediation as a possibility to resolve the contentious dispute in a hearing on February 26.
The RBI circular last year, which scrapped previous methods for recasting bad loans, rattled companies and lenders alike.
The ordinance will seek to explicitly prevent denial of services in case someone refuses to, or is unable to undergo authentication.