2020 (4) TMI 892

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....samy, JJ. For the Applicant : Mr Ayush Agarwala, i/b K-Law, Advocates, a/w Ms Priya Geddi, representative of Axis Bank Limited. For the Corporate: Mr Harshad Shah, IRP in person. ORDER Rajasekhar V.K., J. 1. This is an Interlocutory Application (IA) filed by Axis Bank Limited, acting on behalf of the Committee of Creditors (CoC) of Tribhovandas Bhimji Zaveri & Sons Retail Private L....

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....tion Process for Corporate Persons) Regulations, 2016. The Committee of Creditors (CoC) was duly constituted with Axis Bank Limited as the sole financial creditor. 4. Meanwhile, one Mr Hemant Zaveri challenged the order of admission dated 16.12.2019 before the Hon'ble National Company Law Appellate Tribunal (NCLAT). This Company Appeal (AT) (Insolvency) No.60/2020 came up for hearing on 16.01.202....

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....tor' are maintained. The Bank Account(s) of the 'Corporate Debtor' be allowed to be operated for day-to-day functioning of the company such as for payment of Current Bills of the Suppliers, Salaries and Wages of the employees/ workmen, electricity bills etc." The Appeal is under consideration before the Hon'ble NCLAT. 5. The first meeting of the CoC was held on 16.01.2020, at which it was resol....