In the matter of Shalini Singhal & Ors. Vs. Rahul Singh & Ors. CA(AT)(Ins) No. 1244 of 2019

In the matter of Shalini Singhal & Ors. Vs. Rahul Singh & Ors. CA(AT)(Ins) No. 1244 of 2019

Insolvency & Bankruptcy

who will guide the ‘Interim Resolution Professional’ to ensure that the Company/Project remains a going concern. We deliver the order, as may be passed, on the next date.

A suggestion has been made on behalf of some of the allottees to allow the ‘Committee of Creditors’, who will guide the ‘Interim Resolution Professional’ to ensure that the Company/Project remains a going concern. We deliver the order, as may be passed, on the next date. Heard the parties.


The Appellant/Promoter are allowed time till 17th January, 2020 to file affidavit with regard to the amount which they intend to invest to ensure that the Company/Project remains a going concern; the time-frame and the source from such investment will be made.


Post both the Appeal(s) ‘for orders’ on 3rd February, 2020 before the 1st Bench.


[Justice S.J. Mukhopadhaya]


Chairperson

[Justice Bansi Lal Bhat]


Member (Judicial)

[Justice Venugopal M.]


Member (Judicial)

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