2018 (8) TMI 2126

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....opadhaya Chairperson and Justice Bansi Lal Bhat Member (Judicial) For the Appellant: Mr. Raktim Gogoi and Mr. Kartikeya Singh, Advocates. For the Respondents: Mr. Arijit Mazumdar and Mr. Akshay Chahdha, Advocates ORDER  This appeal has been preferred by 'M/s Stressed Assets Stabilization Fund', against impugned order dated 26th June, 2018 passed by the Adjudicating Authority (Nati....

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....utory Application on 7th March, 2018 with following prayer: "5. In this application, SASF made the following prayers: i) To recall/vacate order dated 20.09.2017 whereby CIRP of Corporate Debtor is admitted. ii) Pass interim order to stay CIRP, iii) Direct RP to allow the Applicant to attend meeting of CoC, iv) To pass order of liquidation of Corporate D....

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....ection 7 can be entertained by the Adjudicating Authority, it having no such jurisdiction. Even the party who has filed application cannot withdraw such application after the admission in view of regulation 8 of 'The Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016'. The Appellant was not allowed to be a member of Committee of Credits but in spite of that the Appellant....