2019 (11) TMI 1649

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....And V P Singh, JJ. For Appellants:Mr. Y. Rajagopala Rao, Advocate For Respondent: None. ORDER There is a delay of 14 days in preferring the appeal. For the reasons stated by the Appellant and being satisfied with the grounds, the delay of 14 days is condoned. I.A. No. 3433 of 2019 stands disposed of. 2. Heard learned Counsel for the Appellant. Corporate Insolvency Resolution Process (in....

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....mployees of the Corporate Debtor went and submitted claim before the Resolution Professional on 27.06.2019. Resolution Professional took stand that the Respondent is functus officio and when the Appellants moved the Adjudicating Authority, the Adjudicating Authority observed: ... "6. We have gone through the contentions raised by the Respondent in his counter. After considering counter and ann....

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.... Professional did not inform about submitting the claim is vague." ... 4. The Adjudicating Authority observed that in the main petition Resolution Plan was pending for approval and thus claim now tendered by the Appellants could not be considered. 5. Learned Counsel for the Appellant submits that the Appellants are employees of the Corporate Debtor and did not know about the Corporate Insolven....