2018 (12) TMI 1984

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....istry has reported that the notices have been sent and the same have been served on the said Respondents. The Counsel for Applicant has also sent private notices which have also been served on the Respondents. Besides this, the Counsel for the Applicant has submitted that e-mail communications have been sent to the Respondents Nos.1 to 3. A Memo has been filed along with the e-mail communications; the same is placed on record. It appears that the Respondent Nos.1 to 3 are well aware about the proceedings pending before this Authority, in spite of the service, there is no representation on their behalf. It seems the Respondent Nos.1 to 3 are not interested in prosecuting the case. The service against the Respondent Nos.1 to 3 is held suffici....

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....ed under the Mines and Minerals (Development and Regulation) Amendment Act, 2015, in the interest of Justice and equity. iv. Issue and other Relief, order or direction as deemed fit under the circumstances of the case, in the interest of justice. 3. The issue involved in the matter is pertaining to the termination of Mining Lease bearing No. ML-2293 during declaration of moratorium and the request for Deemed Extension of the said Mining Lease has been rejected vide Order dated 26.09.2018. 4. In this matter, the CIR Process against the Corporate Debtor was initiated on 12.03.2018 and the Resolution Professional has written to the Respondents on 14.03.2018 informing them about _ the commencement of CIR Process against the Corporate Debtor....

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.... other Court and all the other cases have been closed without any relief being granted in favour of Sri. C. Satyanarayana. Further issues have been framed by the Sole Arbitrator but the proceedings have presently been kept in abeyance in view of Sec.14 of the Insolvency & Bankruptcy Code with an order dated 04/07/2018 passed by the Arbitrator instructing the parties to take appropriate proceedings under the Code by moving the appropriate authority at the earliest for modification of the order of moratorium by allowing the continuation of proceedings before the Arbitrator. It is further submitted that Sec. 14 of the Insolvency & Bankruptcy Code, 2016 imposes a Moratorium on continuation of pending suits or proceedings against the Corporate....