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TMI Blog2019 (7) TMI 776X X X X Extracts X X X X X X X X Extracts X X X X ..... er (Judicial) And Mr Kanthi Narahari, Member (Technical) For The Appellant : Mr. Mohit Chaudhary and Ms. Garima Sharma, Advocates For The Respondent : Mr. Anurag Sharma, IRP And Mr. Gunjan Mittal, Advocate ORDER This appeal has been preferred by 'Ravi Kant Gupta & Others' (Promoters) of 'M/s. Alpfly Private Limited (Corporate Debtor and Corporate Applicant). The 'Corporate Applicant' against ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iated the process and for necessary compliance the corporate veil is required to be lifted and see the legal persons behind the debtor company which has filed the application based on which the Tribunal has initiated the 'corporate insolvency resolution process'. Learned counsel appearing on behalf of the Appellant submitted that the observation made in the last paragraph of the order dated 16th O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ose who purchase the plans pursuant to '7 different plans' have also filed certain applications, though which are not in format but they are treated to be claims. 3. On the direction of this Appellate Tribunal, the Appellants have enclosed the copy of the "Plans", which includes - 'Star Plan'; 'P-One Plan'; 'P-You Plan'; 'Couple Plan'; 'P-Two Plan' and 'Blackout Destinations' have been shown the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... penses of 'Resolution Professional' was not required to be determined at this stage, we are also of the view that considering the record, the Adjudicating Authority should also seen whether the application under Section 10 of the I&B Code was filed with fraudulently or with malicious intention for any purpose other than for the resolution of the insolvency or liquidation as defined under Section 6 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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