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2020 (1) TMI 1648 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , NEW DELHIContinuance of insurance of Corporate Debtor - CIRP initiated against Corporate Debtor - HELD THAT:- Merely, because the Corporate Insolvency Resolution Process has been initiated against ‘M/s. Kei-Rsos Maritime Limited- (Corporate Debtor) by an Agent or Insurer- Ship Owners Protection Limited, London (who has not moved any appeal) and as during the Corporate Insolvency Resolution Process, the Corporate Debtor is to continue as a going concern, the Adjudicating Authority (National Company Law Tribunal), Amaravati Bench, rightly passed the impugned order dated 27th November, 2019 directed the Insurer to continue with the Insurance. If any amount is payable during the Corporate Insolvency Resolution Process towards the instalment to the Insurer, the Interim Resolution Professional will take care of the same. Appeal dismissed.
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