2022 (9) TMI 438

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... No. 3188 of 2022 - -<br>Insolvency & Bankruptcy<br>[ Justice Ashok Bhushan ] Chairperson And [ Mr. Barun Mitra ] Member ( Technical ) For the Appellant : Mr. Vijay Joshi , Advocate Sr. Panel Counsel ( UoI ) For the Respondent : Mr. Shatadru Chakraborty , Sonia Duve , Kanchan Yadav , Advocates ORDER I.A. No. 3151 of 2022 in Company Appeal (AT) Ins. No. 1082 of 2022. This is an Applicat....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., 2022 is within time as allowed by the Order of the Hon'ble Supreme Court. 4. Heard Learned Counsel for the Appellant and Learned Counsel for the Respondent. This Appeal has been filed against the Order dated 25th November, 2021 passed by the Adjudicating Authority on I.A. No. 614(KB) 2020 in C.P. (IB) No. 37/KB/2017. Resolution Plan of the Corporate Debtor was approved on 12th February, 2018 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... or any other sum adjusted and/or deducted for the period subsequent to February 12, 2018 and adjusted towards the dues for the period prior to the approval of the Resolution Plan within such time and/or such terms as to this Hon'ble Tribunal may deem fit and proper; c) To direct the Respondents 1 to 11 and/or any of them not to act in contravention of the approved Resolution Plan as appr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... submits that even after approval of the plan, certain charges are payable by the Successful Resolution Applicant (Corporate Debtor) for which demands have been issued. As submitted by Learned Counsel for the Respondent the application was only with regard to the pre-CIRP dues and hence the order dated 25.11.2021 shall have no effect on the payments claimed by any subsequent period after approval ....