2019 (6) TMI 906

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..... leven occasions before the Adjudicating Authority thereafter on hearing them the order was passed. So far as the claims of the Operational Creditors are concerned, their claim will be considered by the Resolution Professional once admitted. Otherwise, they have no right to be heard at the time of admission of the application under Section 7 of the I B Code . We are not inclined to inter .....

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..... These appeals have been preferred by the Appellants - Shareholders against the order dated 1st November, 2018 passed by the Adjudicating Authority (National Company Law Tribunal) Chennai Bench, Chennai admitting the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 ( I B Code for short) filed by the Respondent Union Bank of India - ( Financial Creditor .....

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..... n hearing them the order was passed. 5. So far as the claims of the Operational Creditors are concerned, their claim will be considered by the Resolution Professional once admitted. Otherwise, they have no right to be heard at the time of admission of the application under Section 7 of the I B Code . 6. For the reasons aforesaid, we are not inclined to interfer .....

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