2021 (8) TMI 1150

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..... filing this IA, the Applicant has prayed for the following main reliefs: "Pass an order for appointment of a Liquidator and re-initiation of the matter before the Hon'ble Tribunal for further proceedings; and Pass an order directing the Liquidator to take steps towards recovery of Loan Advanced to M/s. Alisa Infratech Limited; Pass an order directing the Liquidator to take steps towards r .....

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..... s forum, failing which the winding up proceedings pending before the Hon'ble High Court shall be proceeded with. In view of the submissions made, we accept the prayer made by the Ld. Liquidator. Proceedings before this Bench stand terminated. The winding up shall be entertained by Hon'ble High Court of Delhi. Ms. Aparna, Ld. Counsel appearing for Respondent company has prayed for details .....

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..... up petition would deal with the petition in accordance with law. Both the forums cannot go ahead with the liquidation proceedings/winding up proceedings simultaneously as this would create needless confusion. 6. However, it appears that the NCLT has on 11.10.2018 initiated the liquidation proceedings. 7. Learned counsel appearing for the ex-management and also the Liquidator state that the ord .....

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