2021 (1) TMI 1247

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....ING CHAIRPERSON, DR. ASHOK KUMAR MISHRA, MEMBER (TECHNICAL) AND DR. ALOK SRIVASTAVA, MEMBER (TECHNICAL) For Appellant : Mr. P. Nagesh, Mr. Rishi Kapoor, Mr. Satish Rai, Mr. Sandeep Rana and Mr. Akhil Shankhwar, Advocates. For Respondent : Ms. Rashi Bansal, Advocate. ORDER (Through Virtual Mode) The issue raised in this appeal preferred by the Corporate Debtor against impugned order ....

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....ht in regard to triggering of Corporate Insolvency Resolution Process. By merely directing the Corporate Debtor to provide information to the Respondent - Allottee to meet the threshold criteria to initiate the class action in the face of the ordinance laying such threshold limit, no legal right vested in the Appellant /Corporate Debtor can be said to have been infringed. In this age of transparen....

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.... provided, more so when the Corporate Debtor and the Regulator are under legal obligation to display the particulars in regard to allottees on their websites. No prejudice can be claimed by the Appellant on account of the direction in so far as the same relates to providing information in regard to allottee for limited purpose of enabling it to garner necessary support for initiating class action.....