2020 (12) TMI 873

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..... application that Respondent is not co-operating and should not leave Jurisdictional area - HELD THAT:- It is stated by the Appellant that Respondent was earlier cooperating with the Liquidator and is even now cooperating with the Liquidator and the Respondent is still standing by the Memo, we do not find that any Orders as such giving directions to the Respondent are necessary. As regards the .....

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..... ator For the Respondent : Shri Aditya Gupta, Shri Jayant Mehta, Shri Surya Kapoor and Ms. Smiti Verma, Advocates ORDER Heard Counsel for the Appellant. The learned Counsel for the Appellant states that the Appellant is Liquidator of the Corporate Debtor Deepak Cables (India) Ltd. which is under process of liquidation. It is stated that the Respondent who has been the Managing Direc .....

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..... ed that the Respondent has, in fact, now been cooperating. 3. The learned Counsel for the Appellant states that the Adjudicating Authority in para 8 of the Impugned Order made comments against the Appellant that the Appellant had not made substantial progress. The learned Counsel is pointing out that there are so many facts in this regard to show the various steps Liquidator has taken. He sta .....

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..... t me although I have not been formally made a party to the applications. At the outset I deny the allegations made against me in their entirety and the applications are totally misconceived. I state that I neither had nor have any intention of leaving the country with the intention of not returning back. I pray that my statement may be taken on record and the applications disposed of by .....

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..... remarks as have been made in Impugned Order against Appellant, the observations of the Adjudicating Authority will not be taken as adverse remarks but observations in the context of examining the dispute raised before the Adjudicating Authority. The Appellant is at liberty to place detailed Report before the Adjudicating Authority so as to clear the impression of the Adjudicating Authority with re .....

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