2019 (10) TMI 593

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....aya, Chairperson, Justice A.I.S. Cheema, Member (Judicial) And Justice Kanthi Narahari, Member (Technical) For The Appellant : Mr. Sukumar Pattjoshi, Senior Advocate with Mr. Mayank Bughani, Advocate For The Respondent : Mr. Himanshu Bhushan and Mr. Ankit Jain, Advocates, Mr. Gautam Singhal, Advocate And Mr. R. Wali, Advocate for PNB ORDER The Appellant - Shareholder/Director of 'M/s. ....

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....her dated 17th April, 2015 executed in favour of the Respondent. For initiation of Corporate Insolvency Resolution Process, the Respondent - Financial Creditor relied on the Assignment Agreement dated 17th April, 2015. The Corporate Debtor has not disputed the fact that there is a debt due in law and fact and they defaulted in paying the dues. It is not the case of the Corporate Debtor that there ....

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....dingly dismissed. No cost." 2. Subsequently, it appears that the Appellant thereafter filed an application under Section 65 of the I&B Code alleging that the insolvency resolution process was fraudulent or with malicious intent other than for the resolution of insolvency and the Adjudicating Authority by impugned order dated 15th January, 2019 rejected such allegation. Learned counsel appearing....