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2019 (2) TMI 1609

l dressed trial. Pre-admission proceedings cannot be permitted to protract. This Appellate Tribunal has observed in a recent judgment that Corporate Insolvency Resolution Process is not a recovery proceeding and the Adjudicating Authority has to strictly adhere to the rules of procedure and the timelines set out in the I&B Code. The Adjudicating Authority should be alive to the object sought to be .....

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s pending consideration before the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad at the pre-admission stage since 1st March, 2018 and the matter has been adjourned time and again. 2. From the perusal of impugned order it appears that both the parties are represented before the Adjudicating Authority and the matter has been adjourned at the request of the learne .....

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cting the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench Ahmedabad to expedite the disposal of application under Section 7 of the I&B Code and pass an appropriate order preferably within two weeks failing which this Appellate Tribunal may send for the record of Adjudicating Authority and pass appropriate order. 5. A copy of this order be provided to learned counsel for .....

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