9911796707
TMI Blog2019 (5) TMI 1801X X X X Extracts X X X X X X X X Extracts X X X X ..... cy and Bankruptcy Code, 2016 (I B Code) - HELD THAT:- In the present case, the question relating to supply of materials during the Corporate Insolvency Resolution Process is not required to be determined as the transfer of ₹ 1,50,70,000/- were made by Promoter in favour of M/s Yajur International Pvt. Ltd. with respect to the supplies, which were made prior to 13th June, 2018, i.e., date of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i, Member (Technical) For Appellants: Mr. Sukumar Pattjoshi, Senior Advocate with Mr. Magank Bughani and Ms. Arushi, Advocates. For Respondent: Mr. Milan Singh Negai, Advocate for RP., Mr. Umesh Singhal and C.S. Neha Lakhwara, Advocates for Respondent No.4 ORDER One of the Appeal is preferred by Promoter of White Metals Ltd. (Corporate Debtor) and another by Yajur International ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ication under Section 43, 44, 49, 50 and 51 filed by the Resolution Professional was uncalled for, but we find that the Adjudicating Authority held that transfer in question was made in violation of Section 14 of the I B Code and thereby the application was maintainable in terms of Section 74 of the I B Code. 3. It is not in dispute that the application under Section 7 was filed by Asset and Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t. Ltd. submitted that the Operational Creditor is still supplying materials during the Corporate Insolvency Resolution Process and is being paid by the Resolution Professional. However, this is denied by the Counsel for the Resolution Professional. 5. In the present case, the question relating to supply of materials during the Corporate Insolvency Resolution Process is not required to be deter ..... X X X X Extracts X X X X X X X X Extracts X X X X
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