2017 (5) TMI 1471

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..... Balvinder Singh Member (Technical) Mr. Sudipto Sarkar, Sr. Advocate with Mr. S. Santanam Swaminadhan, Mr. Rohan Rajasekaran and Ms Nishtha Khurana, Advocates for the appellant. Mr. Arun Kathpalia, Sr. Advocate with Mr. C.A. Sinha and Mr. D. Philip, Advocates for the Respondent ORDER Learned counsel for the appellant submits that the Madras High Court has passed an order in Company Ap....

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.... of any judgment, decree or order in any court of law, tribunal, arbitration panel or other authority; (b) transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (c) any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property....

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....vided that where at any time during the corporate insolvency resolution process period, if the Adjudicating Authority approves the resolution plan under sub-section (1) of section 31 or passes an order for liquidation of corporate debtor under section 33, the moratorium shall cease to have effect from the date of such approval or liquidation order, as the case may be. In view of the aforesaid p....