2024 (3) TMI 504

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....nsolvency & Bankruptcy<br>[Justice Ashok Bhushan] Chairperson , [Barun Mitra] Member (Technical) And [Arun Baroka] Member (Technical) For the Appellant : Appeared but not marked appearance For the Respondents : Mr. Rajiv Panday, Mr. Alok Jain, Advocates for R2 Mr. Arun Kathpalia, Sr. Advocate with Mr. Shyam Kapadia, Ms. Sonali Jain, Advocates for R1. ORDER (Hybrid Mode) Heard Learne....

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....BL @ 14.40%. At the moment we confine ourselves only to the consideration of grant of interim relief. On the one hand, we are conscious of the governing principles for grant of interim relief i.e. a) Prima facie case in favour of the party seeking the interim relief, b) the balance of convenience and c) the irreparable loss being caused to the party. On the other hand, we have to keep in mind the ....

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....ibility of verifying the claims submitted by the parties before admitting the same. 16. Thus, we therefore deem it appropriate to intervene and grant the interim relief of restraining the COC from considering and approving the resolution plans during the pendency of the present I.A. 17. We are of the considered opinion that restraining the COC from further considering the resolut....

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.... claim by the Resolution Professional. 5. The Adjudicating Authority in the impugned order having noticed certain instances and decided that with regard to claim charging of the interest should be examined and adjudicated, we see no error in the order of the Adjudicating Authority when direction has been passed to examine the interest charge in the claims. Till the issues are finalized, the Adj....