2017 (9) TMI 1665
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....nd 439 (i) (b) of the Companies Act, 1956 before the Hon'ble Madras High Court which has been transferred to this tribunal pursuant to the Companies (Transfer of Pending Proceedings) Rules, 2016. Now, pursuant to the Central Government notification number GSR 119(E) dated 07.12.2017, this petition needs determination as per the provisions of the Insolvency and Bankruptcy Code 2016 (In short, '1B Code 2016'). 2. Before proceeding with this matter, it would be appropriate to make a note of background facts for the purpose of determination of this petition. 3. Shri A. Abdul Hameed, the learned counsel appearing on behalf of the petitioner/OC submitted that the Pet....
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....tioner/OC and submitted that the instant petition is false, vexatious and not maintainable. He further submitted that he does not want to go into merits of this case but wants to oppose the same on technical aspect in view of the MCA notification dated 29.06.2017. 7. The learned counsel for the Respondent has drawn the attention of this Adjudicating Authority to the MCA notification no. GSR 732(E) dated 29.06.2017 whereby proviso to Rule 5 of the Companies (Transfer of Pending Proceedings) Amendment Rules, 2017 stipulates that requirements like filing of Affidavit and Bank Statement under Section 9 (3) (b) and (c) of the 1B Code, 2016 are to be done on or before 15th ....