2019 (1) TMI 2044

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..... sidiary company - Appellant submits that a resolution plan has already been approved in the case of Alok Industries Ltd. and the matter was placed before the Adjudicating Authority in July, 2018 for its approval under Section 31 of Insolvency and Bankruptcy Code, 2016, however, no decision has been taken by the Adjudicating Authority - HELD THAT:- The concerned Adjudicating Authority should decide .....

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..... s. Petrushka Das Gupta and Mr. Udit Gupta, Advocates. For Respondents: Mr. K. Dutta, Advocate. ORDER Having heard learned counsel for the parties, we find that a separate Corporate Insolvency Resolution Process has been initiated against Alok Industries Ltd. (Holding Company). Subsequently, another Corporate Insolvency Resolution Process has been initiated pursuant to application filed by another .....

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..... Corporate Insolvency Resolution Process initiated against Alok Infrastructure Ltd. , of which the Appellant is the Director. 3. Learned counsel appearing on behalf of the Appellant further submits that a resolution plan has already been approved in the case of Alok Industries Ltd. and the matter was placed before the Adjudicating Authority in July, 2018 for its approval under Section 31 of Insolve .....

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