2023 (2) TMI 1180

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lvency & Bankruptcy
[ Justice Anant Bijay Singh ] Member ( Judicial ) And [ Mr. Kanthi Narahari ] Member ( Technical ) For the Appellant : Mr. Vivek Sinha , Mr. Vivek Malik and Mr. Shubham , Advocates For the Respondent : Mr. Ashish Chaudhary and Mr. Anand Kamal , Advocates ORDER Heard Learned Counsel for the Appellant and Respondent at length. 2. The Appellant preferred this Company Appea .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ppellant during the course of argument referred to the provisions of Section 36(3)(i) of the Insolvency and Bankruptcy Code, 2016 and submitted that the order impugned passed by the Adjudicating Authority is bad in law, even if the subject matter property is disposed of and all proceeds of liquidation as and when they are realised are to be kept in liquidation estate and when the liquidation has b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on the website of the IBBI and sufficient time being granted to all the creditors to file their claim. In view of the fact, the Adjudication Authority has rightly been passed the impugned order. 6. After hearing the parties and gone through the pleadings made on behalf of the parties, we do not find any merit in the instant Appeal. Therefore, the instant Appeal is dismissed. No order as to costs .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X