2019 (2) TMI 1750

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....udicial) For Appellant: Dr. Abhishek Manu Singhvi, Mr. Amit Sibal and Mr. Virender Gnada, Sr. Advocates with Mr. Pulkit Deoria, Ms. Devanshi and Mr. Prashant Katara, Advocates. For Respondents: Mr. Praveen Kumar Aggarwal, Advocate for R-1 to 3 (Financial Creditors). Mr. Ashok Kumar Juneja and Mr. Akash Srivastava, Advocates for IRP. ORDER  'Manjula Khullar and Ors.' filed application u....

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....dated 25th January, 2019, wherein the Hon'ble Supreme Court observed as follows: "52. It is clear that once the Code gets triggered by admission of a creditor's petition under Sections 7 to 9, the proceeding that is before the Adjudicating Authority, being a collective proceeding, is a proceeding in rem. Being a proceeding in rem, it is necessary that the body which is to oversee the resolution....

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....aid background, the prayer has been made before this Appellate Tribunal to pass appropriate order under Rule 11 of the National Company Law Appellate Tribunal Rules, 2016 as had been passed in the case of 'Arjun Puri Vs. Kunal Prasad & Ors.' in Company Appeal (AT) (Insolvency) No. 52 of 2019, disposed of on 31st January, 2019. 3. Learned counsel appearing on behalf of the Resolution Professional....

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....der pronounced today i.e. 16.01.2019. The petitioner may file its claim before the Resolution Professional and the same shall be considered in accordance with law. However, if for any reason the order dated 16.01.2019 passed today in C. P. No. (IB)1148(PB)/2018, Manjula Khullar & Ors. v. M/s. Krrish Shalimar Projects Pvt. Ltd. is set aside. The parties shall be at liberty to file appropriate appli....