2019 (12) TMI 1465

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....si Lal Bhat, JJ For Appellants: Mr. Kunal Anand and Mr. Aditya, Advocates. Ms. Misha, Mr. Siddhant Kant, Ms. Charu Bansal and Ms. Jasveen Kaur, Advocates for the Liquidator. ORDER This Appeal has been preferred by Promoter/ Shareholder of Su-Kam Power Systems Ltd. ('Corporate Debtor') against order dated 31st October, 2019 passed by the Adjudicating Authority (National Company ....

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....unsel for the Appellant submits that the Appellant has given the best proposal scheme for compromise and arrangement, which is beneficial to all the creditors. If it is not accepted, then the 'Corporate Debtor' is to be liquidated without any 'resolution' or 'revival'. Therefore, it should have been entertained by the 'Liquidator', if the Members or the Creditors ha....