2021 (5) TMI 115

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.... - -<br>Insolvency & Bankruptcy<br>R. Sucharitha, Member (J) And B. Anil Kumar, Member (T) For the Appellant : Eshna Kumar, M. Naraayanaswamy, P.J. Sri Ganesh and Anando Mukherjee, Advocates For the Respondents : F.B. Benjamin George, Advocate and C. Ramasubramaniam, RP ORDER R. Sucharitha, Member (J) 1. The erstwhile Board of Directors of the Corporate Debtor have filed two applications IA/6....

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.... reliefs as follows: a) To restore the status quo ante as it was prior to the order dated 19.09.2019 passed in C.P. No. 1183/IB/2018; b) To dissolve the CIRP initiated with respect to the Corporate Debtor - Aascar Films Private Limited and relieve the Corporate Debtor from the rigors of the IBC, 2016". 4. IA/552/IB/2020 is filed by one Mr. Madhan Kumar, seeking relief as follows: a) Allow t....

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....re the CoC. Thereafter, no communication from the RP. Hence, the Applicant moved an application under Section 60(5) of the IBC seeking direction to the Committee of Creditors to consider the Expression of Interest belatedly submitted by the Applicant. 7. IA/552/IB/2020 has been filed on 27.07.2020. In the 5th CoC meeting held on 17.03.2020, it was decided by the CoC to go for the liquidation. The....

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....icating Authority which is beyond the scope of the IBC. Furthermore, if this Applicant was aggrieved by the order passed by this Adjudicating Authority, the Applicant/erstwhile Board of Directors should have gone for an appeal against the same before the Hon&#39;ble NCLAT. 10. The Applicant/erstwhile Board of Director has filed an appeal against this order before the Hon&#39;ble NCLAT and sought ....