A Bench comprising Justices B.R. Gavai and Hima Kohli allowed the appeals filed assailing the order of the National Company Law Appellate Tribunal, Chennai Bench (NCLAT), which had dismissed appeals against orders of the National Company Law Tribunal, Chennai (NCLT) rejecting the application filed by the Resolution Professional under Section 12A of the Insolvency and Bankruptcy Code, 2016 seeking withdrawal of the application filed by financial creditor under Section 7 seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The appellant, promoter of the Corporate Debtor, had also come up against NCLAT's dismissal of the appeal challenging the order of the NCLT to initiate liquidation proceedings. While allowing the appeals, the Apex Court had cited Ajay Kumar Jagatramka v. Jindal Steel and Power Limited And Anr. to emphasise - " This Court has, time and again, emphasized the need for minimal judicial interference by the NCLAT and NCLT in the framework of IBC."