2018 (10) TMI 979

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....: Rohit Sharma, Pr. C.S ORDER 1. This application is filed by one of the promoter directors who is also a shareholder/member of the corporate debtor M/s. Gujarat NRE Coke Limited which is under the process of liquidation as per Order of this authority dated 11.1.2018. 2. The Company has filed application under section 10 of Insolvency & Bankruptcy Code 2016 to start Corporate Insolvency R....

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...."During pendency of appeal liquidator / adjudicating authority may proceed with the liquidation proceeding but will not sale immovable or movable property of the corporate debtor nor confirm any sale, if already made, without prior permission of the Appellate Tribunal." 4. It further appears that meantime the promoter/director filed application for arrangement under sections 230-232 of the Comp....