2018 (2) TMI 116

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..... ppellant : Mr Abhinav Vasisht, Sr. Advocate, Mr Sumit K Batra and Ms Priya, Advocates For The Respondent : Mr. Vivek Sibal, Ms. Pooja N Saigal and Ms Khayati Sharma, Advocate ORDER These two appeals have been preferred by the Appellant against impugned orders both dated 24th May 2017 passed in C.P. No. (IB)-64(PB)/2017 and in C.P. No. (IB)-65(PB)/2017 whereby and whereunder the applications pre .....

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..... bank cannot be relied upon, to decide default of debt. 19. In the present case, as the notice has been given by an advocate/lawyer and there is nothing on the record to suggest that the lawyer was authorized by the appellant, and as there is nothing on the record to suggest that the said lawyer/advocate hold any position with or in relation to the appellant company, we hold that the notice issu .....

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..... , taken by the 'Interim Resolution Professional', including the advertisement, if any, published in the newspaper calling for applications all such orders and actions are declared illegal and are set aside. Learned Adjudicating Authority will now close the proceeding. The appellant company is released from all the rigour of law and is allowed to function independently through its Board of Director .....

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