2021 (3) TMI 934

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..... eady recorded. It goes without saying that it would be expected from the Respondent Operational Creditor to stand by statement made and not to create any difficulties in the day to day business of the Corporate Debtor. We expect and request the Adjudicating Authority to decide the Application under Section 9 itself at the earliest, one way or the other - Application disposed off. - Company Ap .....

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..... passed the following order: Learned Sr. Counsel for Applicant Mr. Krishna Srinivasan and Learned Counsel for Respondent Mr. Narasimha Varman are present through video conferencing platform. IBA/393/2020 is the main Application taken up for hearing. Learned Counsel for the Respondent seeks time to file counter. Learned Counsel for Respondent states that the Sr. Counsel Mr. Om Prakash is .....

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..... 3. The present Appeal has been filed being aggrieved by such Order. 4. The Learned Counsel for the Appellant submits that before this Order was passed, on earlier occasion, on 16th October, 2020 there was an Order (Page 41) where the Operational Creditor was given certain directions to produce ledger Accounts etc. It is stated that thereafter there was yet another Order passed on 22nd Octobe .....

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..... on 05th January, 2021, when the matter had come up before the Adjudicating Authority, the difficulty Corporate Debtor (Appellant) was facing, was expressed before the Adjudicating Authority and the Adjudicating Authority recorded the submissions of the parties as under: Learned Sr. Counsel for the Corporate Debtor also represents that in relation to the order dated 04.12.2020, let there be a .....

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..... made by the Operational Creditor is already recorded as noted above. It goes without saying that it would be expected from the Respondent Operational Creditor to stand by statement made and not to create any difficulties in the day to day business of the Corporate Debtor. We expect and request the Adjudicating Authority to decide the Application under Section 9 itself at the earliest, one way or .....

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