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2018 (12) TMI 1847 - AT - Insolvency and BankruptcyDisqualification of Corporate Debtor to file an application under Section 7 or 9 to initiate Corporate Insolvency Resolution Process against its own debtor - HELD THAT:- Taking into consideration the fact that 270 days has already over and further time of 90 days under Section 55 of I&B Code is also over and as the moratorium period has come to an end, we are not inclined to deliver on the claim of S. N. Plumbing Pvt. Ltd. qua IL&FS Engineering and Construction Company Ltd. If S. N. Plumbing Pvt. Ltd. initiates proceeding under Section 7 or Section 9 against IL&FS Engineering and Construction Company Ltd., in such case, the Adjudicating Authority will decide the question uninfluenced by the observations made in the impugned order. If M/s Mandhana Industries Ltd. through its present proprietor files any application under Section 7 or Section 9 of the I&B Code against M/s Instyle Exports Pvt. Ltd., the Adjudicating Authority will decide the matter uninfluenced by the observations made in the impugned order. Appeal disposed off.
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