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2023 (11) TMI 831

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..... be reason to say that the Adjudicating Authority could not have passed order on 10.05.2023. The order dated 10.05.2023 is not a review or modification of the earlier order as contended by learned counsel for the Appellant. Thus, there is no error in the order dated 10.05.2023 passed by the Adjudicating Authority issuing directions. Learned counsel for the Respondent submits that the order has not yet been complied by the Liquidator in which the Adjudicating Authority has granted two weeks time to the Liquidator to take appropriate steps - the time granted to the Liquidator extended for further period of two weeks from today to comply with the order of the Adjudicating Authority. Appeal dismissed. - [ Justice Ashok Bhushan ] Chair .....

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..... 4. Heard learned counsel for the Appellant as well as learned counsel appearing for the Respondent. This Appeal has been filed against order dated 10.05.2023 passed by the Adjudicating Authority in Appeal No. 39 of 2021. The appeal was filed by the Respondent NTPC Ltd. against the rejection of their claim as communicated by email dated 17.07.2021 by the Liquidator. The Adjudicating Authority by the order dated 10.05.2023 issued following directions on the application of the Respondent: In the wake, the present application is disposed of with a direction to the Liquidator to take a view regarding the claim of the applicant with due deference to the provisions of Section 39 read with Regulation 23 30 of IBBI Liquidation Process Reg .....

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..... annot be reason to say that the Adjudicating Authority could not have passed order on 10.05.2023. The order dated 10.05.2023 is not a review or modification of the earlier order as contended by learned counsel for the Appellant. We, thus, are of the view that there is no error in the order dated 10.05.2023 passed by the Adjudicating Authority issuing directions as extracted above. 10. Learned counsel for the Respondent submits that the order has not yet been complied by the Liquidator in which the Adjudicating Authority has granted two weeks time to the Liquidator to take appropriate steps. We extend the time granted to the Liquidator for further period of two weeks from today to comply with the order of the Adjudicating Authority. Appe .....

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