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TMI Blog2024 (8) TMI 671X X X X Extracts X X X X X X X X Extracts X X X X ..... ment and objections to the consent terms have been filed by M/s. A.M. Patel Infrastructure Pvt. Ltd. It is accepted at the Bar that M/s. A.M. Patel Infrastructure Pvt. Ltd. claims to be an operational creditor, but its claim has not been accepted by the liquidator, which is pending adjudication. An application under Section 66 of the IBC has been filed for avoidance of transaction, which has not y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ingh, AOR Mr. Amit Pai, Adv. Mr. Siddharth S. Chapalgaonkar, Adv. Ms. Sneha Botwe, Adv. Mr. Abhiyudaya Vats, Adv. Mr. Vaibhav Yeshwant Kulkarni, AOR ORDER I.A. No.143116/2024 for impleadment is allowed. I.A. No.143115/2024 was filed by the appellant - Amit Ahirrao, erstwhile director of the corporate debtor M/s. Virtue Infra and Entertainment Private Limited. The application enclosed the consent t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nding adjudication. An application under Section 66 of the IBC has been filed for avoidance of transaction, which has not yet been adjudicated. In view of the consent terms, we are inclined to exercise our power under Article 142 of the Constitution of India and take the said consent terms on record. The effect thereof would be that the order of liquidation as well as the order initiating Corporat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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