2023 (2) TMI 1247

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..... ncy & Bankruptcy
JUSTICE ASHOK BHUSHAN, CHAIRPERSON AND BARUN MITRA, MEMBER (TECHNICAL) For the Appellant : Mr. Ratnanko Banerji, Sr. Advocate with Mr. Abhijeet Sinha, Mr. Indranil Ghosh, Mr. Shaunak Mitra, Mr. Saptarshi Mukherjee, Mr. Akash Chatterjee and Mr. Aditya Shukla, Advocates. For the Respondent : Mr. Krishnendu Datta, Sr. Advocate with Mr. Vikram Wadehra and Ms. Varsha Himatsingka, .....

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..... has rejected the Intervention Application I.A. No. 19/KB/2022 filed by the Appellant - U.P. Glass Manufacturers Syndicate in the Corporate Insolvency Resolution Process of Hindusthan National Glass & Industries Ltd. Resolution Plan has been approved by the CoC and application for approval of the plan was filed by the Resolution Professional for consideration before the Adjudicating Authority. Inte .....

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..... cating Authority. The Adjudicating Authority rejected the Intervention Application filed by the Appellant holding that Appellant has no locus relying on its earlier order passed on 22.09.2022. 3. Learned counsel for the Respondent No.1 and 2 submits that the issue as to whether the approval under Section 31(4) proviso is necessary/mandatory or not has already been heard by the Adjudicating Author .....

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