2017 (9) TMI 2054

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....hnical) ORDER Admittedly, 'Corporate Insolvency Resolution Process' started against appellant-'Corporate Debtor' M/s. James Hotels Limited is pending before the Adjudicating Authority (National Company Law Tribunal) Chandigarh Bench, Chandigarh. During the resolution process, the 'Corporate Debtor' alleged that the 'Financial Creditor'- Punjab National Bank ha....

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....th upto 01.08.2017. Notice of this application to ARCIL. Mr. V.K. Sachdeva, Advocate who is present in the Court accepts notice on behalf of ARCIL and seek to file the Power of Attorney with the necessary authorisation. " 3. Ld. Counsel appearing on behalf of the appellant-'Corporate Debtor' submits that the "offences and penalties" under I & B Code can be looked into only by S....

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....ority on 23rd August, 2017 and when on the said date further observations and direction have been made. The said order is not under challenge. 5. In the aforesaid circumstances, as the Adjudicating Authority to find out the truth of the allegation has issued notice, we are not inclined to interfere with the order at this stage. 6. However, if any adverse order is passed or any order is passe....