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TMI Blog2021 (2) TMI 1235X X X X Extracts X X X X X X X X Extracts X X X X ..... or not - revocation of shares allotted to Appellant whereas the time value of money does not apply to the revocation of shares - HELD THAT:- Let learned counsel for the Respondents file their reply affidavits along with vakalatnamas within two weeks. Rejoinder thereto, if any, may be filed by the Appellant within two weeks thereof. Short written submissions, not exceeding three pages, supported ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ues raised in this appeal preferred against admission of application filed under Section 7 of I B Code by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench-III in terms of impugned order dated 19th January, 2021 are that the financial debt, in respect whereof default was alleged, was below the threshold limit of ₹ 1 Crore notified in terms of Notification dated 24th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lso be filed along with the pleadings. Post the matter for admission (after notice) on 26th March, 2021. Mr. Ritesh Agrawal, appearing for the IRP submits that Committee of Creditors has not been constituted so far. As an ad-interim it is directed that the Corporate Insolvency Resolution Process will continue but the constitution of Committee of Creditors shall remain on hold till next dat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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