2022 (5) TMI 1628 - AT - Insolvency and Bankruptcy

Maintainability of application - It is submitted that there was no necessity to file Application which was only filed to delay the proceeding - HELD THAT - The order of rejection passed by the Adjudicating Authority on the Application need no interference in this Appeal. It is made clear that any observations made by the Adjudicating Authority while rejecting the Application have no bearing when the issues are decided by the Adjudicating Authority in accordance with law and merits. All contentions of both the parties are left open. Appeal dismissed.

Summary

The Appellate Tribunal dismissed the appeal against the order of the Adjudicating Authority, stating that the rejection of the application did not need interference. The issues raised in the application had already been submitted by the Respondent, and the application was seen as an attempt to delay proceedings. The Tribunal clarified that the Adjudicating Authority's observations on the application would not affect the final decision on the issues.