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2021 (2) TMI 366 - AT - Insolvency and BankruptcyRight to participate in the Corporate Insolvency Resolution Process - case of the Appellant is that the Appellant is a financial service provider and a Category II- Alternate Investment Fund registered with the Securities and Exchange Board of India (SEBI) and floated by UTI Structured Debt Opportunities Trust having SEBI Registration as per the applicable laws - HELD THAT:- The Appeal is disposed off with the following directions. i) Resolution Professional is permitted to receive the Resolution Plan but he will not open Resolution Plan and will not take any decision. The status quo prevailing as on today, shall be maintained till one week after the Ld. third Member decide the matter. ii) The Ld. third Member of the Adjudicating Authority is directed to hear the I.A. No. 1628 of 2020 & I.A. No. 1746 of 2020 and decide the same on such as expeditiously as possible. iii) This Appeal is disposed of accordingly. iv) The Registry is directed to send the copy of this order to the Ld. Adjudicating Authority, National Company Law Tribunal, Court-V, Mumbai Bench for compliance.
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