2023 (6) TMI 315 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , CHENNAI

Seeking Liquidation of the Corporate Debtor Company - HELD THAT:- M/s. Cantors Fitzgerald is ready and willing to fund any settlement even during the Liquidation Process. In the event, any such settlement is able to be executed, with funds infused, keeping in view the spirit and intent of the Code, the Adjudicating Authority shall proceed in accordance with law giving 14 days time peremptorily, of course from the date of this Order failing which, this Tribunal does not find any tangible ground(s) to interfere with the Order of Liquidation as more than sufficient time was granted by the Adjudicating Authority/Tribunal to the Appellant herein to settle the matter.

Appeal disposed off.