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TMI Blog2021 (9) TMI 523X X X X Extracts X X X X X X X X Extracts X X X X ..... BC 2016, the administration of the company rest with the insurance resolution professional. In this case, these appeals are filed by the directors of the company therefore, they are not maintainable. Therefore, these appeals should have been preferred by the insolvency resolution professional under the instruction of committee of the creditors and the directors do not have any locus standi. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent Year: 2012-13 & 2013-14) - - - Dated:- 8-6-2021 - SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER AND SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER Assessee by: Ms. Gunjan Jain, CA Revenue by: Ms. Sunita Singh, CIT DR ORDER PER PRASHANT MAHARISHI, A. M. 1. These are the three appeals filed in by the HBN Dairies and Allied Ltd for Assessment Year 2012-13, 2013-14, and 2014-1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... maintainable. 4. We have carefully considered the facts stated before us and find that two appeals have been filed by the Directors of the company. In the case of assessee HBN Dairies Allied Limited, the NCLT Principal Bench had passed an order dated 14.08.2018 in CP (IB) No.547/PB/2018, admitting the petition under section 7 of the IBC, 2016 and insolvency resolution professional has been a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mmittee of creditors. In view of this, both these appeals filed by the assessee are not maintainable and hence dismissed. 5. The third appeal is filed by the learned assessing officer, according to the provisions of Section 14 of IBC 2016, no proceedings of suits against the company can continue until the insolvency resolution process is complete. Therefore, the appeal filed by the learned AO i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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