TaxTMI 
TaxTMI 
2018 (4) TMI 532
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....ant : Mr. Mukul Kumar Gupta and Mr. N.K. Singh, Advocates For The Respondent : Ms. Anju Jain and Mr. Hitesh Sachar, Advocates Mr. Sumnish Kr. Jain, RP ORDER This appeal has been preferred by the Corporate Debtor - Veebro Technoplast Private Limited against order dated 22nd September, 2017 passed by the Adjudicating Authority (National Company Law Tribunal), Principal bench, New Delhi whereby a....
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....al Creditor to help them out. Thereafter, on different dates as per the table mentioned at Part IV of the application (Form I), sum of Rs. 51,750,000/- was disbursed by the Financial Creditors which include sum of Rs. 25,00,000 given by one Mr. Vinay Lakra. Therefore, the arguments advanced by the appellant that no amount be given to the Corporate Debtor cannot be accepted. Apart from the aforesa....
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....n away and as they are otherwise affected as shareholders of the Company. According to us, once an insolvency professional is appointed to manage the Company, the erstwhile Directors who are no longer in management, obviously cannot maintain an appeal on behalf of the Company. In the present case, the Company is the sole appellant. This being the case, the present appeal is obviously not maintaina....