2021 (3) TMI 1241

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.... & Bankruptcy<br>Justice A.I.S. Cheema Member (Judicial) and Dr. Alok Srivastava Member (Technical). JJ. For the Appellant: Mr. Abhijeet Sinha and Mr. Raghvendra Bajaj, Advocates. ORDER Heard Learned Counsel for the Appellant. This Appeal has been filed as the Learned Counsel for the Appellant submits that on 28th February, 2020 the Adjudicating Authority (National Company Law Tribunal, N....

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....nt of IRP in place of Mr. Arun Jain as IRP. The Learned Counsel submits that thereafter on various dates the matter had come up before the Adjudicating Authority but the Adjudicating Authority had not passed any orders. 2. It is also stated that another set of home-buyers also filed I.A. No. 3912 of 2020 for appointing IRP in place of Mr. Arun Jain but even that I.A. has been kept pending by th....

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.... motion by Financial Creditors Indu Kumar and Ors., there were seven applications pending by Financial Creditors who are home-buyers including Applications of Appellant Nos. 2 and 3 but as the Application of Indu Kumar and Ors. was admitted, the Appellants are in difficulty as the Applicants of IB/1781/ND/2018 are not filing Application and the Adjudicating Authority did not pass any orders on the....

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.... who it is stated has conveyed unwillingness to take up the assignment. If the Adjudicating Authority wants to take action of Contempt regarding the conduct of IRP Mr. Arun Jain it would be open for the Adjudicating Authority to proceed with the steps regarding Contempt but CIRP initiated on 28.02.2020 cannot be kept in abeyance. The Adjudicating Authority can consider referring matter of the IRP ....