2026 (4) TMI 77

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....nsel for the Respondent No. 1. 2. This Company Appeal (AT) (CH) (INS) No. 170 / 2026, has been filed against the order dated 12.03.2026, was passed in IA (IBC) / 935 (CHE) / 2024 as preferred in CP(IB)/49(CHE)/2019: 3. Ld. Counsel for the Appellant submits that, the Ld. Adjudicating Authority by the impugned order, has directed as follows: "Ld. Counsel Mr. S.R. Raghunathan for Ld. Counsel Mr. S.R. Raghunathan for the Respondent. In this case we find that main grievance of the Applicant is access being not granted to them. We have passed an order on 18.10.2024 and thereafter 18.08.2025 thereby restoring the registered office of Corporate Debtor as well as providing access to the Applicant with reasonable restrictions.....

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....lso passed on 18.08.2025 as an oral mentioning. 6. Later, on 18.08.2025, various 3rd parties claiming that they are sharing Office space in Registered Office of Corporate Debtor, represented before Ld. NCLT, to direct the Appellant to provide access to Registered Office of Corporate Debtor. 7. The Application, came up for hearing in which the Respondent No. 1 who was the Applicant, prayed that, he would be permitted to withdraw the application provided, if the Resolution Professional is directed to ensure full access. 8. The order dated 18.08.2025, which was passed in IA (IBC) / 935 (CHE) / 2024 has been extracted by the Respondent No. 1 in his application IA (IBC) / 366 (CHE) / 2026 in Paragraph 10 which is as follows:- "....

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....ebtor to the Suspended Director and the same is subject matter of Section 66 Application pending before us. Also RP stated that matter of transfer of the said property was agitated before Hon'ble High Court of Madras. Considering the adjudication in respect of above matters and considering the submissions made by the parties, that their business interest is affected due to the action taken by RP by taking possession of premises on 16.08.2025. We direct RP to provide access to the above parties for accessing the data, conducting the business, if any with reasonable terms and conditions imposed by RP. We make it clear that RP is in charge of the premises and therefore all the parties are directed to be bound by the directions of RP. ....