2023 (11) TMI 109

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Bhushan ] Chairperson , [ Mr. Barun Mitra ] Member ( Technical ) And [ Mr. Arun Baroka ] Member ( Technical ) For the Appellant : Mr. Abhishek Anand , Mr. Karan Kohli , Ms. Lubhanshi Rai , Advocates ORDER I. A. No. 4907 of 2023 : - Sufficient cause has been shown for condoning the delay of two days in e-filing the appeal. Delay condoned. 2. Heard Learned Counsel for the appellant. 3. This ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....edings. He submits that the said observations are contrary to Regulation 37 (A). Regulation 37 (A) on which reliance is placed is as follows: "37A. Assignment of not readily realisable assets. (1) A liquidator may assign or transfer a not readily realisable asset through a transparent process, in consultation with the stakeholders' consultation committee in accordance with regulation 31A, ....