TMI Blog2019 (8) TMI 1035X X X X Extracts X X X X X X X X Extracts X X X X ..... 02 will not proceed in view of the order passed, in view of provisions of Moratorium passed under I B Code. Appeal dismissed. - Company Appeal (AT) (Insolvency) No. 480 of 2019 - - - Dated:- 3-5-2019 - Mr S. J. Mukhopadhaya, Chairperson, Mr A. I. S. Cheema, Member (Judicial) And Mr Kanthi Narahari, Member (Technical) For The Respondents : Mr. Suresh Dutt Dobhal, Ms ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e ( ii) Supreme Court in Innoventive Industries Ltd. Vs. ICICI Bank (2018) 1 SCC 407] .contd. 11. Having heard the learned counsel for both the parties, we find substance in the plea taken by Shri Salve that the present appeal at the behest of the erstwhile Directors of the appellant is not maintainable. Dr Singhvi stated that this is a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecause this is the very first application that has been moved under the Code, we thought it necessary to deliver a detailed judgment so that all courts and tribunals may take notice of a paradigm shift in the law. Entrenched managements are no longer allowed to continue in management if they cannot pay their debts; ( iii) A person may be assignee under the SARFAESI Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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