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2018 (3) TMI 1811 - HC - Companies LawDebt Resolution Plan - It is argued by the learned Senior counsel for the petitioner that no such resolution has been made by the Bank - HELD THAT:- This Court finds that an arguable case appears in favour of the petitioner and if notice is not issued and an appropriate order of interim protection is not granted, the petitioners unit will be taken over as per the provisions of Sections 16 and 17 of the Insolvency and Bankruptcy Code, 2016. It is also not disputed that a proceeding has been initiated under Section 10 of the aforesaid Code. Issue notice to the opposite parties by Speed Post, making it returnable within a period of three weeks, indicating that the matter shall be disposed of at the stage of admission - List this matter on 12.4.2018.
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