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2020 (12) TMI 873 - AT - Insolvency and BankruptcyLiquidation Order - It is stated that the Respondent who has been the Managing Director of the Corporate Debtor had been cooperating with the Appellant but at some point, there was misunderstanding and the Appellant had filed application that Respondent is not co-operating and should not leave Jurisdictional area - HELD THAT:- It is stated by the Appellant that Respondent was earlier cooperating with the Liquidator and is even now cooperating with the Liquidator and the Respondent is still standing by the Memo, we do not find that any Orders as such giving directions to the Respondent are necessary. As regards the contention of the learned Counsel for the Appellant for remarks as have been made in Impugned Order against Appellant, the observations of the Adjudicating Authority will not be taken as adverse remarks but observations in the context of examining the dispute raised before the Adjudicating Authority. The Appellant is at liberty to place detailed Report before the Adjudicating Authority so as to clear the impression of the Adjudicating Authority with regard to the progress of the liquidation proceedings. Appeal disposed off.
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