2022 (12) TMI 1298

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....AL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI - AT (Judgement / Order / Decisions)<br>Dated:- 28-11-2022<br>COMPANY APPEAL (AT) (INSOLVENCY) NO. 792 of 2020 - -<br>Insolvency & Bankruptcy<br>[Justice Anant Bijay Singh] Member (Judicial) And [Ms. Shreesha Merla] Member (Technical) For the Appellant : Mr. Ratnanko Banerjee, Sr. Advocate with Mr. Arvind Kumar Gupta, Mr. Aditya K....

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....investigate the transactions executed by the Directors of the 'Corporate Debtor' beyond two years prior to the date of ICD and also to see the relevant documents from the Promoters. Learned Adjudicating Authority, by the Impugned Order dated 29.05.2020 rejected the prayer for impleadment on the ground that there was no provision in the Insolvency and Bankruptcy Code, 2016, (hereinafter referred to....

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....n of his business undertakings to defeat the Rights of Creditors. Learned Counsel argued that this is further supplemented by the findings of the Interim Forensic Report prepared by M/s. KPMG, the Forensic Auditors. It is argued that the Appellant is a proper and necessary party as it has a vested right in the present proceedings being the single largest Creditor of the 'Corporate Debtor'. The App....

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.... Rao' (AIR 2005 SC 3110). 'Bhaurao Dagdu Paralkar' Vs. 'State of Maharashtra & Ors.' (2005) 7 SCC 605. 'Kaledonia Jute & Fibres Pvt. Ltd.' Vs. 'Axis Nirman and Industries Ltd. & Ors.' (2021) 2 SCC 403. 'Ramesh Hirachandra Kundanmai' Vs. 'Municipal Corp. of Greater Bombay & Ors.' (1992) 2 SCC 524. 'Aditya Kumar Tibrewal' Vs. 'Om Prakash Pandey & Ors.' 2022 SCC On....