9911796707
TMI Blog2017 (5) TMI 1471X X X X Extracts X X X X X X X X Extracts X X X X ..... cal) Mr. Sudipto Sarkar, Sr. Advocate with Mr. S. Santanam Swaminadhan, Mr. Rohan Rajasekaran and Ms Nishtha Khurana, Advocates for the appellant. Mr. Arun Kathpalia, Sr. Advocate with Mr. C.A. Sinha and Mr. D. Philip, Advocates for the Respondent ORDER Learned counsel for the appellant submits that the Madras High Court has passed an order in Company Application Nos 462 and 463 in Company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal, arbitration panel or other authority; (b) transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (c) any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Finan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uthority approves the resolution plan under sub-section (1) of section 31 or passes an order for liquidation of corporate debtor under section 33, the moratorium shall cease to have effect from the date of such approval or liquidation order, as the case may be. In view of the aforesaid provision of Clause (a) of sub-section (1) of Section 14 all pending suits or continuation of pending suits or p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ties to bring this fact to the notice of the Hon'ble Madras High Court, Chennai. Thereafter, the order of stay is not vacated the Appellate Tribunal will decide the case on merit. Further as the appellant has already moved before the Hon'ble Madras High Court and have obtained an order of stay on 4' May, 2017 from the High Court, then in such circumstances the appellant will reply as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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