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2021 (9) TMI 1268 - AT - Insolvency and BankruptcySeeking approval of Resolution Plan - section 33(1) r/w Section 60(5) of the I&B Code, 2016 - HELD THAT:- Taking note of the fact that the instant Company Appeal is pending on the file of this Tribunal, keeping in mind that the Liquidation Order is dated 31.12.2019, and also considering the primordial fact that the Eighth Respondent had taken steps based on the ‘Liquidation’ Order dated 31.12.2019 comes to a resultant conclusion that (i) the ‘Prima Facie’ (ii) the ‘Balance’ of convenience are not in favour of the grant of interim relief of stay of all further proceedings carried on by either the NCLT or by the Liquidator(including stay of E-Auction to be held on 29.9.2021 between 11.00 a.m. and 3.00 P.M. by the Liquidator in terms of Public Notices as per Public Notices (as prayed for in IA 436/2021 in TA No. 91/2021 in Comp. App.(AT)(Ins.) No. 314 of 2020) and viewed in that perspective dismisses the I.A. No. 436/2021 filed by the Applicant/Appellant, to secure the ends of justice. Application dismissed.
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