2023 (8) TMI 708

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.... 3595 of 2023 IN Comp. App. (AT) (Ins.) No. 992 of 2023 - -<br>Insolvency & Bankruptcy<br>[ Justice Ashok Bhushan ] Chairperson And [ Barun Mitra ] Member ( Technical ) For the Appellants : Mr. Abhijheet Sinha, Ms. Suhasini Sen, Mr. Rahul Kripalani, Ms. Supraja V., Ms. Surbhi, Mr. Aditya P. Chauhan, Advocates. For the Respondents : Mr. Aditya Dewan, Advocate for Applicant/ R-2 IN 3649/2023 M....

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....er/further order(s) or direction(s) as this Hon&#39;ble Court may deem fit and necessary in the interest of justice." 2. In this Appeal, against the order admitting CIRP, interim order was passed by this Tribunal on 28.07.2023 where we have directed "we further are of the view that even though we have stayed the CIRP process the appellant or CD shall not alienate its assets.". 3. Learned Cou....

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....sition as was prior to admission of Section 7 Application. We can not accept such request made by the Appellant. The Admission Order of Section 7 Application has only been stayed and not quashed thus the Corporate Debtor can not be permitted to function as it was functioning prior to 28.10.2022. 19. However, in view of the stay of the Order dated 28.10.2022, the IRP can not carry on any f....