2021 (5) TMI 718

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....vukkarasu, Member (T) ORDER Mr. Akhil Sarathy, Advocate appeared on behalf of RP. Mr. Raj Dani, Advocate appeared on behalf of COC. Mr. Siddha Parecha, Advocate appeared on behalf of COC. Mr. Mahesh Chand Gupta, RP is present in person through video conferencing. 1. The instant application is filed under section 33 of the IB Code, 2016. 2. It is a matter of record that the C.P. (LB) No....

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.... situation, it is also pertinent to mention herein that recently the Hon'ble Supreme Court of India in its judgment passed in Civil Appeal No. 8766-67 of 2019-Committee of Creditors of Essar Steel India Limited through Authorised Signatory vs. Satish Kumar Gupta & Ors. observed as follows: The commercial wisdom of the Committee of Creditors cannot be interfered into by the Adjudicatin....

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....he Liquidator is further directed to issue public announcement stating that the Corporate Debtor is in liquidation. c) The Liquidator is required to send certified copy of this order to the authority with which the Corporate Debtor is registered. d) Subject to Section 52 of the IB Code, no suit or other legal proceedings shall be instituted by/or against the Corporate Debtor. How....

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....hall be vested with the Company Liquidator. In addition to this, the Company Liquidator shall exercise the powers and duties as enumerated in Sections 35 to 50, 52 to 54 of the IB Code, 2016, read with Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. h) The personnel of the Corporate Debtor shall extend all assistance and cooperation to the Liquidator as m....