2016 (12) TMI 1881

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..... ate, .for Ashray Vyapar. Mr. Debrup Bhattacharjee, Advocate, Mr. P. K. Tulsyan, Advocate for petitioning creditor. Mrs. Manju Agarwalla, Advocate, Mr. Bajrang Manot, Advocate for Rakhecha Enterprise & Ors./ unsecured creditor. ORDER The petitioner is an assignee from Allahabad Bank. The deed of assignment dated 5th November 2008 duly registered on 14th September 2015 is part of the petition .....

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..... be any impediment to pray for the reliefs claimed in the petition. In my view, the prayers as made in the petition cannot affect right of any of the parties since admittedly it appears that at least one of the secured creditors has assigned the debt in favour of the petitioner. The purpose is to formulate a scheme which could be acceptable to all the creditors and would be beneficial for all. U .....

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