2021 (8) TMI 1150

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....) ORDER 1. New I.A-3418/2021: By filing this IA, the Applicant has prayed for the following main reliefs: "Pass an order for appointment of a Liquidator and re-initiation of the matter before the Hon'ble Tribunal for further proceedings; and Pass an order directing the Liquidator to take steps towards recovery of Loan Advanced to M/s. Alisa Infratech Limited; Pass an or....

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....he Corporate Debtor, if possible, would be entertained by this forum, failing which the winding up proceedings pending before the Hon'ble High Court shall be proceeded with. In view of the submissions made, we accept the prayer made by the Ld. Liquidator. Proceedings before this Bench stand terminated. The winding up shall be entertained by Hon'ble High Court of Delhi. Ms. Aparna,....

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....lan but in case the winding up is to take place, the Company Judge seized with the winding up petition would deal with the petition in accordance with law. Both the forums cannot go ahead with the liquidation proceedings/winding up proceedings simultaneously as this would create needless confusion. 6. However, it appears that the NCLT has on 11.10.2018 initiated the liquidation proceeding....