2022 (10) TMI 1182

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....>Justice Ashok Bhushan Chairperson, Mr. Barun Mitra Member (Technical) For the Appellant: Mr. Abhishek Anand, Mr. Nipun Gautam, and Mohak Sharma, Advocates For the Respondent: Liquidator-Reshma Mittal with Advocate Mohan Lalit, Advocate Videh Vaish and Advocate Aakansha. ORDER This Appeal has been filed challenging the Order dated 26th August, 2022 passed by the National Company Law Tr....

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....st July, 2021, the Adjudicating Authority has made observations that any viable plan that is submitted, can be placed for consideration before the Liquidation. It appears that on 29th May, 2021, the Monitoring Committee has also resolved to go for liquidation which fact was not brought before the Adjudicating Authority on 1st July, 2021. In pursuance of the Monitoring Committee Resolution dated 29....

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....g been failed to be implemented by the Appellant who was joint applicants, there was no option except to direct for liquidation which has been directed by the Impugned Order. It is submitted that in pursuance of the Impugned Order, notice for auction has already been issued and large number of Applicants have submitted their EMD. 5. We have heard the Learned Counsel for the parties and have per....