2021 (8) TMI 1289

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....f 2021 - -<br>Corporate Laws<br>Justice A.I.S. Cheema, The Officiating Chairperson And V.P. Singh, Member (Technical) For Appellant: Mr. Manish Jain, Mr. Amit Mahaliyan, Ms. Divya Sharma, Advocates. ORDER Heard Learned Counsel for the Appellant. This Appeal has been filed against the impugned order dated 14th July, 2021 passed in IA Nos. 368/2020 and 555/2020 in CP (IB) No. 136/Chd/Pb/2017 by t....

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....week from the date of receipt of reply exchanging copies between the parties. 3. List IA No. 368/2020 on 30.09.2021. IA No. 555/2020 Learned counsel for the applicant submits that pleadings are complete. However, since the instant IA is connected with IA No. 368/2020, list IA No. 555/2020 on the same date i.e. 30.09.2021." 2. It is stated that in the Corporate Insolvency Resolution Process ....

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.... October, 2020 seeking recall of the ex parte order passed on 9th September, 2020. It is stated that since then both the IAs are pending before the Adjudicating Authority and no decision is being taken. The Learned Counsel refers to Annexure A-6 which is order passed by this Tribunal in Company Appeal (AT) (Insolvency) No. 21 of 2021- "Kotak Mahindra Bank Ltd. vs. Ashok Oswal & Ltd.". It is stated....

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....d liquidator is stated to have sold some of the assets. We share the concern of learned counsel for the Appellant who being a Financial Creditor, is concerned about further depletion in the value of the assets affecting its claim. We accordingly dispose off this appeal by requesting the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench, Chandigarh to expedite the process a....