2018 (8) TMI 1958

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....e ORDER The Respondent - Macquarie Bank Ltd. preferred applications under Section 9 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as "I&B Code") which were admitted by the I.A. No. 125-126 of 2018 in Company Appeal (AT)(Ins) 101 of 2017 & I.A. No. 272-273 of 2018 in Company Appeal (AT)(Ins) No. 102 of 2017 Page 2 of 5 Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi, by orders dated 24th May, 2017 passed in C.P. No. (IB) - 64(PB)/2017 and in C.P. No. (IB)-65(PB)/2017. Both the aforesaid orders on challenge before this Appellate Tribunal in these appeals, by common order dated 1st August, 2017, the impugned orders both dated 24th May, 2017, were set aside. 2. Respondent therea....

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.... by this Appellate Tribunal." .... 3. On 15th March, 2018, learned Counsel for the Appellant submitted that there are two more points to argue; on his request appeals were adjourned. 4. Again, when the matter was taken up on 3rd May, 2018, no argument was advanced by the learned Counsel for the Appellant, therefore, the following order was passed: "03.05.2018 - After the case was remitted by the Hon'ble Supreme Court, the matter was taken up on 15th March, 2018. On the said date, learned Counsel for the appellant submitted that there are two more points to be argued to challenge the initiation of 'Corporate Insolvency Resolution Process'. More than 1 ½ months have been passed, no further arguments have been ad....