2020 (7) TMI 358

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....L ORDER NO. 77015-77017/2019<br>Insolvency & Bankruptcy<br>HON'BLE SHRI P. K.CHOUDHARY, MEMBER(JUDICIAL) AND HON'BLE SHRI P.V.SUBBA RAO, MEMBER(TECHNICAL) Shri K.K. Banerjee, Advocate for the Appellant (s) Shri A.Roy, Authorized Representative for the respondent (s) ORDER P.K.CHOUDHARY : The above three appeals have been filed by the appellants thereby challenging the Order No.01/Commissi....

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....ide Notification issued by Ministry of Finance, Government of India. As a consequence of the same, in terms of the SICA Repeal Act, read with provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), a time period of 180 days were provided to all companies whose reference stood abated to make a fresh reference to the concerned Hon'ble Company Law Tribunal (NCLT) ON 1st December, 2016. (b) Th....

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....on RP. ii. The powers of the Board of Directors of Kitply Industries Limtied shall stand suspended and the exercised by RP. iii. The RP shall act and execute in the name and on behalf of M/s.Kitply Industries Limited, all deeds, receipts and other documents, if any. (c) That accordingly, on 7th December, 2018, the Hon'ble Mr. Justice P.K.Shaikia, Judicial Member of the Hon'ble National Compa....

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....uiries or adjudications of any nature whatsoever, against the Company pending before various forums all across India, shall be deemed to have been withdrawn. (e) Thus out of the total amount of rs.0.05 Crore proposed for the settlement of the entire litigations of all the Branches/Factories/Uits of the Corporate Debtor, the amounts allocated for CESTAT cases, Assam Branch is provided as below: ....