2019 (12) TMI 1313

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....al) Kanthi Narahari, Member (Technical) V.P. Singh, Member (Technical) For Appellant: Shri Abhijeet Sinha, Ms. Prachi Johri, Shri Aditya Manubarwala and Shri E. Murugan, Advocates For Respondents: Shri Shambhu Sharan, Shri Yaman Kumar and Shri Shashank Bhansali, Shri Vivek Sehgal, Shri Sandeep Bajaj, Ms. Aakanksha Nehra and Shri Dhananjaya Sud, Shri P.V. Dinesh and Shri Ashwini Kumar Singh, ....

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....oval of the Interim Resolution Professional. Learned Counsel for IRP states that without taking any approval of the IRP, the amounts as stated in the Application to the extent of Rs. 4,54,73,285/- have been withdrawn from the account maintained with Vijaya Bank. 3. It is stated on instructions by the learned Counsel for the Appellant that the cheques were issued by the authorized signatory -Dee....

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....es may issue cheques but only after approval of the Interim Resolution Professional." which is deleted, we substituted the same by a direction that:- "The person who is authorized to sign the bank cheques may prepare and sign cheques but only after approval of the Interim Resolution Professional and the cheques can be operated/issued only through the hands of the Resolution Profe....