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2020 (2) TMI 1320

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..... lf of the Monitoring Agency sought some time to file reply in the matter - Considering the submissions made and the nature of the prayers, this Bench deems it necessary that the prayer in Clause (h) on page-24 of MA-515/2020 should be granted at this point of time. All proceedings in MA 249/2020 are stayed until the next date of hearing in the present MA. List this matter for hearing on 28. .....

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..... icant to finalize the further line of action required for starting of the operation, including those documents and records mentioned in the email dated 15 December 2019 sent by the Applicant; (b) That this Hon ble Tribunal be pleased to direct the Respondents to provide to the Applicant an account of all receivables accrued to and received by the Corporate Debtor since 10 January 2019; and ( .....

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..... eclaring that by virtue of section 31 of the IBC, the financial creditors of the Corporate Debtor are not entitled to any amount lying to the credit of the Corporate Debtor in any account maintained by it in accordance with Clause 3.2(ii) of the Approved Resolution Plan; (g) That this Hon ble Tribunal be pleased to dismiss Miscellaneous Application No. 249 of 2020 filed by the Respondent her .....

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..... l the next date of hearing in the present MA. 5. Counsel for the Monitoring Agency is given two days to file reply to the present MA. Copy thereof shall be served in advance of the next date of hearing on the Counsel for the Applicant/Successful Resolution Applicant who shall have two days thereafter to file rejoinder if any in the matter. Copy of the Rejoinder, if filed shall be served on the .....

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