2019 (11) TMI 1859

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....ber (Technical) For the Appellant : Shri Sajeve Deora - RP Miss Arunima Bhattacharjee for RP For the Respondents : Ms. Vanika Gupta, Advocate (Respondents 1 & 2) Shri Rohit Bhagat and Shri Saurabh Chadda, Advocates (Respondent No. 3) ORDER Heard the learned Resolution Professional who is present in person and is the Appellant. This Appeal has been filed by the Resolution Professional c....

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....onsideration at the liquidation stage. The CIR costs should be met by the COC. At this stage we do not consider that the prayer of the RP should be allowed. This petition is therefore being dismissed." In view of directions given on 6th November, 2019, the Appellant has filed Affidavit giving particulars of the funds and resources available with the Corporate Debtor. The Appellant stat....

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....the submissions made and the Impugned Order and the developments as appearing where the Company is likely to go in liquidation, we do not think that at the stage, we should interfere with the Impugned Order where the Adjudicating Authority took a conscious decision not to dissipate the assets of the Company. As per Section 25 of Insolvency and Bankruptcy Code, 2016, Resolution Professional has dut....