2019 (4) TMI 1883

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....ul Resolution Applicant but it failed to implement its resolution plan as approved by the Committee of Creditors and the Adjudicating Authority. Earlier the Appellant was given opportunity to deposit the upfront amount but they having failed to deposit the same, the following order was passed on 1st February, 2019:- O R D E R 01.02.2019 Learned Senior Counsel for the Appellant submits tha....

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....ny and its Directors and why cost not be imposed on them. Ms. Nishtha Chaturvedi, Advocate accepts notice on behalf of the Mr. Umesh Bhatia and Mr. Harish Bhatia. She is allowed to file reply affidavit within 15 days. Let the Secretary, Ministry of Corporate Affairs, Union of India, New Delhi be also impleaded as party Respondent No. 3 and notice be issued to the Secretary, Ministry of Corporate A....

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....Adjudicating Authority and because of their failure the resolution process is now again to reopen. 3. In this background, counsel for the Appellant sought permission to withdraw the appeal but instead of allowing the Appellant to withdraw the appeal we are dismissing the appeal having no merit with liberty to the Adjudicating Authority to pass appropriate order and if so required to look into t....