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2018 Supreme(NCLAT) 429

S.J.MUKHOPADHAYA, BANSI LAL BHAT
Quinn Logistics India Pvt. Ltd. – Appellant
Versus
Mack Soft Tech Pvt. Ltd. – Respondent


Advocate Appeared:
For the Appellant :Mr. Arun Kathpalia, Senior Advocate assisted by Mr. Rudreshwar Singh, Mr. Swapnil Gupta, Mr. Ujjal Banerjee and Ms. Ankita Sinha, Advocates
For the Respondent:Mr. Abhijeet Sinha, Mr. Niraj Kumar and Mr. Shashank Agarwal, Advocates Ms. Ranjana Ray and Mr. Pervinder, Advocates

JUDGMENT :

SUDHANSU JYOTI MUKHOPADHAYA, J.

1. The appellant – “Financial Creditor” has preferred this appeal for modification of order dated 27th April, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Hyderabad Bench, Hyderabad in C.P. (IB) No. 97/7/HDB/2017 relevant portion of which reads as follows :

    “In CP (IB) 97/7/HDB/2017 as stated supra, several applications are pending for adjudication by this Authority. There is no scope of adjudicating all the above applications before the expiry of 270 days. Therefore, taking into consideration the decisions stated supra relied upon by the Learned Senior Counsel for the Financial creditors and the fact that CIRP could not be taken up nearly about 160 days because of various interim orders passed by this Authority and in view of the pendency of above said applications for adjudicating, there is an urgent need to pass interim order to extend the CIRP period atleast till the next date of hearing. All the Counsels appearing for all the parties represented that it would be convenient for them to advance their argum

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