(1.) Pleadings are complete, therefore, with the consent of learned counsel for the parties, the matter is heard finally.
(2.) This petition under Article 227 of the Constitution of India, has been filed questioning the validity of order dtd. 23/9/2023 passed by the XXII Additional Sessions Judge, Indore, in Criminal Revision No.377/2023 filed under Sec. 397 r/w Sec. 399 and 401 of the Code of Criminal Procedure, preferred against the order dtd. 15/6/2023 passed by the Judicial Magistrate First Class, Indore, rejecting the application moved by the petitioner in a pending criminal case seeking stay on the proceedings pending before the trial Court on the basis of interim-moratorium declared by the National Company Law Tribunal, Indore [hereinafter referred to as the 'NCLT'] upon the application filed by the creditor-Bank of Baroda.
(3.) To decide the controversy involved in this case, it is apt to mention the facts of the case, which in nutshell, are:-