2018 (5) TMI 1950 - AT - Insolvency and Bankruptcy

Maintainability of appeal - initiation of CIRP - Provisional Liquidator has been appointed - HELD THAT - Where the Provisional Liquidator has been appointed, the question of initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the same Corporate Debtor does not arise. Appeal dismissed.

Summary

The Appellate Tribunal dismissed the appeal as the appointment of a Provisional Liquidator prevents initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the same Corporate Debtor.