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2019 (4) TMI 2078 - AT - Insolvency and BankruptcyReversal of debits which has been made from the FD account - all the participants of the ‘Committee of Creditors’ may be put on an equal footing to the extent of their voting rights in the Committee of Creditors - HELD THAT:- It will be open to the ‘Resolution Professional’ to utilise the money for the purpose of Resolution Costs to keep Corporate Debtor a going concern and in such case, the State Bank of India may ask for appropriate relief from the Resolution Professional - Appeal disposed off. Maintainability of appeal - time limitation - HELD THAT:- The Appellant Punjab National Bank having preferred this appeal against the same very impugned order dated 23rd May, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Division Bench, Chennai, after delay of 50 days beyond the period of 30 days. In this circumstances, the delay is beyond 15 days from the 30 days of date of filing, this Appellate Tribunal has no jurisdiction to condone the delay - The appeal is dismissed being barred by limitation.
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