2018 (3) TMI 57

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....uptcy<br>Mr. S.J. Mukhopadhaya And Mr. Bansi Lal Bhat, JJ. For The Appellant : Mr. R. Subramanian, Advocate For The Respondent : Mr. Arijit Mazumdar and Mr. Rishav Banerjee, Advocates. ORDER This appeal has been preferred by the 'Resolution Professional' of M/s Cethar Limited against the order dated 18th January, 2018 passed by the Adjudicating Authority (National Company Law Tribunal)....

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....h 60 of the IBC, 2016, because the Applicant (Corporate Debtor) will not be able to exercise the 'right of unpaid vendor lien'. Counsel for the Respondent submitted that the Arbitral Tribunal has passed a detailed order. The Arbitral Tribunal is also conscious of the fact that in case the Corporate Debtor departs with the certificates of the completion of the Project, there may be financi....