2018 (11) TMI 804

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....ROHINTON FALI NARIMAN AND MS. INDU MALHOTRA For The Petitioner(s) : Mr. Rajesh Kumar-I, AOR, Mr. Anant Gautam, Adv., Mr. Aakash Sehrawat, Adv., Ms. Shruti Vats, Adv., Mr. Anmol Mehta, Adv. For The Respondent(s) : Ms. Vibha Datta Makheja, Sr.Adv., Ms. D. Geetha, Adv., Mr. D. K. Devesh, AOR, Mr. S.K. Roshan, Adv., Mr. U.P. Singh, Adv., Mr. Sameer Abhyankar, AOR And  Mr. Akshay Joshi, Adv. OR....

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.... in fact considered and rejected. The Committee of Creditors has now opined under Section 30 of the Code that the matter should proceed for liquidation. In view of this fact, we feel that the impugned interim order needs to be vacated and the proceedings have to logically culminate in a winding up of the corporate debtor. The appeal is allowed to the aforesaid extent. Pending application stands....