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2023 (8) TMI 1156

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..... e. Liberty is given to the Canara Bank for revival, if any, such circumstances arise. In view of the fact that CoC has not been constituted in pursuance of the Interim Order passed by this Tribunal, the Applicants (SRS Private Investments Powai Ltd. and ICICI Bank) are at liberty to take appropriate steps in accordance with law. IRP fees and expenses shall be paid within two weeks by the Appellant. Appeal disposed off. - [Justice Ashok Bhushan] Chairperson And [Mr. Barun Mitra] Member (Technical) For the Appellant : Mr. Abhijeet Sinha, Mr. Abhirup Dasgupta, Mr. Ishaan Duggal, Ms. Mukta, Mr. Aditya Shukla, Advocate. For the Respondents : Mr. Abhinav Vasishth, Sr. Advocate, Ms. Bhumika Sharma, Mr. Shashank Khurana, Advoc .....

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..... mpanies Act has already been submitted with regard to sister concern of the Corporate Debtor namely Supreme Infrastructure India Ltd. in which Canara Bank is also a Financial Creditor. It is submitted that the documents pertaining to the Scheme were sought to be filed before the Adjudicating Authority which liberty was not granted. He submits that in the Scheme the immovable property namely Supreme Business Park is also mentioned for the purposes of discharge of charge of other Financial Creditors. An affidavit has been filed by the Appellant in this Appeal namely Affidavit cum Understanding on behalf of the Appellant in Para 12, 13 and 14 of the affidavit following has been stated: 12. I say that the Respondent has exclusive mor .....

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..... notice. Let the Reply be filed within three weeks. Rejoinder be filed within two weeks. 8. List this Appeal on 25.01.2023. 9. In the meantime, no further steps shall be taken in pursuance of the order dated 23.11.2022. 2. In this appeal an IA No. 3855 and 3856 has been filed along with which letter of the Canara Bank dated 21.08.2023 has brought on record by which order Canara Bank has accepted the proposal for OTS submitted by M/s. Supreme Housing Hospitality Pvt. Ltd., the Corporate Debtor in the present case. 3. The two IAs have been filed being IA No. 18472 and 1850 by SRS Private Investments Powai Ltd. seeking intervention in the matter. Another IA has been filed by ICICI Bank being IA Nos. 356-359 of 2023 also c .....

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