In the matter of Rainbow Digital Services Pvt. Ltd. Vs. Growthways Trading Pvt. Ltd. & Anr. [CA(AT)(Ins)No. 255 of 2020]

Since, the Appellant claiming to be a Financial Creditor and assailing the order of admission under Section 7 of the Insolvency and Bankruptcy Code, 2016, at the instance of ‘M/s. Elite Steels Pvt. Ltd.’ (Financial Creditor) has not arrayed ‘Elite Steels Pvt. Ltd.’ as party Respondent in Appeal coupled with the fact that admittedly he has filed claim before the Interim Resolution Professional in the Corporate Insolvency Resolution Proceedings initiated at the instance of aforesaid Financial Creditor – ‘Elite Steels Pvt. Ltd.’ which according to Interim Resolution Professional has been admitted to the extent of 100% of the claim preferred, this Appeal is not maintainable and is according dismissed. No costs.

[Justice Bansi Lal Bhat]

Member (Judicial)

[Shreesha Merla]

Member (Technical)