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2020 (9) TMI 439 - Tri - Insolvency and BankruptcyRestraint on Respondents from disconnecting the electricity supply at the Bishnupur plant of the corporate debtor till completion of the corporate insolvency resolution process - section 14(2) and section 60 of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- There are no substance in the arguments of the applicant that he still has any right to the goods or raw material lying in the premises of the CD, even after the order of CIRP. The provisions of the Code are very much clear in this regard. The RP is the final authority who will take possession of the moveable and immovable properties of the CD after the order of CIRP. Anybody has any claim against the CD, it will have to submit its claim to the RP. What is admittedly true in this matter is that the applicant has already submitted its claim and its claim has already been admitted and taken on record, which hardly leaves any scope for the applicant to further claim any right to possession, or hold any auction sale thereof as prayed for. Application dismissed as being devoid of any merit or substance.
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