2024 (8) TMI 1530

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....EMBER (TECHNICAL) AND ARUN BAROKA, MEMBER (TECHNICAL) For the Appellant : Mr. Arun Kathpalia, Sr. Advocate with Ms. Surekha Raman and Ms. Riya Seth, Advocates. For the Respondent : Mr. Ramji Srinivasan, Sr. Advocate with Ms. Namrata Sarogi, Advocates for R-2. Mr. Gautam Singhal and Mr. Rajat Choudhary, Advocates for Liquidator. Mr. Abhijeet Sinha, Mr. Harshit Khare and Mr. Prafull Sain....

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....ed Deposit. 2. The Appellant's grievance is that the Appellant has earlier filed Comp. App. (AT) (Ins.) No. 1019/2024 challenging the Order passed by the Adjudicating Authority dated 22.04.2024 passed in I.A. No. 1 (AHM) 2024 which Appeal was disposed of noticing the Affidavit filed by the Liquidator before the Adjudicating Authority where Appellant was proposed an amount of Rs. 39,30,54,422/-.....

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....- and Liquidator shall still canvass the same before the Adjudicating Authority when the question of distribution comes. 5. Learned Counsel for the SBI and other Financial Creditors submitted that they were not Party to the earlier proceedings and they were not made aware of the distribution as proposed by the Liquidator, hence they have right to file the Appeal. 6. In the facts of the prese....