Reliance Capital lenders withdraw plea against NCLT's stay order

"The adjudicating authority having been already directed the application to be notified for pronouncement in the next week...we are of the view that at this stage we need not express any opinion on the merits because that has to be addressed by the adjudicating authority (NCLT) while deciding the application," observed the bench led by Justice Ashok Bhushan and Barun Mitra in its two-page order.

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