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 (3) TMI 1241

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ebtor and hear the Corporate Debtor on the issue. As such it appears to us to be in the ends of Justice that we should pass orders in this Appeal giving necessary directions to the Ld. Adjudicating Authority. Appeal is disposed off with directions to the Ld. Adjudicating Authority to urgently pass whatever orders the Adjudicating Authority wants to pass with regard to appointment of IRP in plac .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... age 33. The Learned Counsel submits that one Mr. Arun Jain was appointed as Interim Resolution Professional (IRP in short). After the Order was passed, when the Appellant noticed that no notice has been issued in terms of Section 15 of IBC, the Appellant managed to contact the IRP who was appointed and learnt from the IRP appointed namely Mr. Arun Jain that he was unable to accept the Appointment .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ority and the present situation where no IRP has come on record to take charge 3. The Learned Counsel submits that the Adjudicating Authority has heard the IRP and IRP stated that he does not want to function as IRP of the Corporate Debtor but instead of appointing another IRP the Adjudicating Authority has gone into the questions as to why the said IRP is not accepting the Appointment and aski .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ondent in the present Appeal is the Corporate Debtor. In the set of facts which we have, it is not necessary for us to call the Corporate Debtor and hear the Corporate Debtor on the issue. As such it appears to us to be in the ends of Justice that we should pass orders in this Appeal giving necessary directions to the Ld. Adjudicating Authority. 6. We dispose the Appeal with directions to the L .....

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