Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2021 (8) TMI 723

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .D.Audikesavalu For the Petitioner : Mr.E.Omprakash, S.C., For Mr.Ilayaraja Perumal For the Respondents : Mr.P.S.Raman, S.C., For M/s. Aparajitha Viswanath for respondent-1, Not ready in Notice - R2, Ms.G.M.Oviya For Mr.Thiyambak J.Kannan for respondents 3 and 5, Mrs.V.Uma Official Assignee Mr.M.Vasantha Kumar Dy. Official Assignee for respondent-6 ORDER HON'BLE CHIEF JUSTICE The writ pet .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s in this court to which the petitioner herein was not a party, the charge created in respect of a property in favour of the petitioner herein by the corporate debtor was called into question and some observations made by a Single Bench. An appeal has been preferred by the first respondent herein from the relevant order to question the order of the Single Bench, including the said observations. T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... de, 2016 (IBC) is time bound. ... The complexities in this matter and pending litigations before various courts have been major impediment in conducting CIRP. Since the matter is pending before the Division Bench of the Hon'ble High Court of Madras, all the parties shall place this matter before Hon'ble High Court for direction whether this Adjudicating Authority can proceed as per IBC Rul .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ourt to hand-hold the NCLT and guide it through its proceedings. Indeed, the order and the part thereof extracted above betrays the total non-application of mind in that all the parties before the NCLT were not, and could not have been, parties to the proceedings pending before the Division Bench of this Court and, to such extent, the parties before the NCLT, who are not parties to the proceedings .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates