TMI Blog2021 (5) TMI 115X X X X Extracts X X X X X X X X Extracts X X X X ..... st the same before the Hon'ble NCLAT. The Applicant/erstwhile Board of Director has filed an appeal against this order before the Hon'ble NCLAT and sought 10 days' time to settle the entire claim due and payable to the Financial Creditor. In spite of the time being sanctioned by the Hon'ble NCLAT, the Applicant/erstwhile Board of Directors has not settled the claim. Thereafter, the Applicant herein had also filed Civil Appeal No. 2621 of 2020 before the Hon'ble Supreme Court of India. However, the same was withdrawn without any liberty - there is no merit in the aforementioned relief sought for. Application dismissed. - IA/652/IB/2020 in CP/1183/IB/2018, SR No. 824/2020 in CP/1183/IB/2018 and IA/552/IB/2020 in CP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Debtor from the rigors of the IBC, 2016 . 4. IA/552/IB/2020 is filed by one Mr. Madhan Kumar, seeking relief as follows: a) Allow this instant Application and direct the Resolution Professional to accept the Expression of Interest of the Applicant; b) Pass appropriate orders directing the stay of operation of meeting of Committee of Creditors wherein decision, if any, had been taken towards liquidation of the Corporate Debtor . 5. The Applicant submits that invitation for Expression of Interest was published by the RP in the newspaper Business Standard , Chennai Edition dated 03.12.2019. The last date for submission of Expression of Interest was 18.12.2019. However, the Applicant could not submit the same. On 04.02.2020, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ieved by the order passed by this Adjudicating Authority, the Applicant/erstwhile Board of Directors should have gone for an appeal against the same before the Hon'ble NCLAT. 10. The Applicant/erstwhile Board of Director has filed an appeal against this order before the Hon'ble NCLAT and sought 10 days' time to settle the entire claim due and payable to the Financial Creditor. In spite of the time being sanctioned by the Hon'ble NCLAT, the Applicant/erstwhile Board of Directors has not settled the claim. Thereafter, the Applicant herein had also filed Civil Appeal No. 2621 of 2020 before the Hon'ble Supreme Court of India. However, the same was withdrawn without any liberty. 11. There is no merit in the aforementio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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