2023 (9) TMI 1400 - SCH - Insolvency and Bankruptcy

Appointment of Administrator of DHFL to perform all functions of the Resolution Professional (RP) under the Code and to conduct the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor Dewan Housing Finance Corporation Limited - HELD THAT - Notice will be served by all modes, including dasti, to all unrepresented respondents on steps being taken within a period of ten days from today - Notwithstanding pendency of the present appeal, proceedings under Sections 43 to 66 of the Insolvency and Bankruptcy Code, 2016 can continue.

Summary

Issues involved: Condoning delay in re-filing, Tagging with related cases, Notice to respondents, Continuation of proceedings under Insolvency and Bankruptcy Code, 2016.

Condoning delay in re-filing: The Supreme Court, after hearing the counsel, condoned the delay in re-filing. The attention was drawn to the orders passed in related cases titled "Tata Steel Ltd. v. Venus Recruiter Private Limited & Ors." and "Venus Recruiter Private Limited v. Tata Steel BSL Limited & Ors." The Court issued notice and tagged the case with the mentioned related cases.

Notice to respondents: Ms. Chitra Rentala, representing respondent No. 1 - Piramal Capital and Housing Finance Limited, waived service and accepted notice on behalf of the respondent. Notice was directed to be served by all modes, including dasti, to all unrepresented respondents within ten days from the date of the order.

Continuation of proceedings under Insolvency and Bankruptcy Code, 2016: The Court, notwithstanding the pendency of the present appeal, allowed the proceedings under Sections 43 to 66 of the Insolvency and Bankruptcy Code, 2016 to continue.