2019 (1) TMI 2002

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....pellant: Mr. Sudhir K. Makkar, Senior Advocate assisted by Mr. Anurag Kishore, Ms. Saumya Gupta, Ms. Niharika Sharma, Advocates. For the Respondent 1: Mr. Neeraj Chaudhry, Advocate. ORDER The Respondent- 'M/s. Neycer India Ltd.' filed a petition bearing C.P. No. 664 of 2007 before the 'Board for Industrial and Financial Reconstruction' ("BIFR" for short), Chennai, who vide its order dated 6t....

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....inue to be implemented qua the other parties. The petition and the application stand disposed of." 3. However, 'BIFR' being abolished by the 'Sick Industrial Companies (Special Provisions) Repeal Act, 2003, the matter remained pending. The Central Government issued Notification dated 24th May, 2017 titled 'The Insolvency and Bankruptcy Code (Removal of Difficulties) Order, 2017'. The first pr....

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.... accordingly rejected by the impugned order dated 13th April, 2018. 5. The aforesaid Notification dated 24th May, 2017 issued by the Central Government was referred before this Appellate Tribunal in M/s. Spartek Ceramics India Ltd. Vs. Union of India & Ors- Company Appeal (AT) (Insolvency) No. 160 of 2017 etc." wherein this Appellate Tribunal held that the case before the Adjudicating Authority w....