In the matter of State Bank of India Vs, Nutionex Manufacturers Ltd. CA (AT) (Ins) No. 127 of 2021

The Appellant and keeping in view the mandate of Section 7(4) of the ‘I&B Code’ enjoining upon Adjudicating Authority to pass order of admission or otherwise of application under Section 7 within 14 days of receipt of such application, we dispose off this appeal with direction to the Adjudicating Authority to dispose off the matter within one week by passing an order of admission or otherwise on merits of the case.

Appellant is aggrieved of withholding of order on the part of the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court-IV who is said to have reserved orders in regard to admission of Appellant’s application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“I&B Code” for short) more than four months before. On its attention being invited, I.A No. 540/ND/2021 was disposed off with observation that the order will be passed in due course.

2. After hearing learned counsel for the Appellant and keeping in view the mandate of Section 7(4) of the ‘I&B Code’ enjoining upon Adjudicating Authority to pass order of admission or otherwise of application under Section 7 within 14 days of receipt of such application, we dispose off this appeal with direction to the Adjudicating Authority to dispose off the matter within one week by passing an order of admission or otherwise on merits of the case.

Copy of this order be communicated to the Adjudicating Authority with direction to report compliance in this regard.

[Justice Bansi Lal Bhat]

Acting Chairperson

[Dr. Ashok Kumar Mishra]

Member (Technical)

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Delhi High Court

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In the matter of State Bank of India Vs, Nutionex Manufacturers Ltd. CA (AT) (Ins) No. 127 of 2021

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Appellant is aggrieved of withholding of order on the part of
the Adjudicating Authority (National Company Law Tribunal), New Delhi,
Court-IV who is said to have reserved orders in regard to admission of
Appellant’s application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“I&amp;B Code” for short) more than four months before. On its attention being invited, I.A No. 540/ND/2021 was disposed off with
observation that the order will be passed in due course. 
2. After hearing learned counsel for the Appellant and keeping in view the
mandate of Section 7(4) of the ‘I&amp;B Code’ enjoining upon Adjudicating
Authority to pass order of admission or otherwise of application under Section 7 within 14 days of receipt of such application, we dispose off this appeal with direction to the Adjudicating Authority to dispose off the matter within one week by passing an order of admission or otherwise on merits of the case. 
Copy of this order be communicated to the Adjudicating Authority with
direction to report compliance in this regard. 
[Justice Bansi Lal Bhat] 
Acting Chairperson

[Dr. Ashok Kumar Mishra] 
Member (Technical)

Appellant is aggrieved of withholding of order on the part of
the Adjudicating Authority (National Company Law Tribunal), New Delhi,
Court-IV who is said to have reserved orders in regard to admission of
Appellant’s application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“I&B Code” for short) more than four months before. On its attention being invited, I.A No. 540/ND/2021 was disposed off with
observation that the order will be passed in due course. 
2. After hearing learned counsel for the Appellant and keeping in view the
mandate of Section 7(4) of the ‘I&B Code’ enjoining upon Adjudicating
Authority to pass order of admission or otherwise of application under Section 7 within 14 days of receipt of such application, we dispose off this appeal with direction to the Adjudicating Authority to dispose off the matter within one week by passing an order of admission or otherwise on merits of the case. 
Copy of this order be communicated to the Adjudicating Authority with
direction to report compliance in this regard. 
[Justice Bansi Lal Bhat] 
Acting Chairperson

[Dr. Ashok Kumar Mishra] 
Member (Technical)

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In the matter of State Bank of India Vs, Nutionex Manufacturers Ltd. CA (AT) (Ins) No. 127 of 2021