JUDGEMENT

(20.02.2025)

NARESH SALECHA, MEMBER (TECHNICAL)

1. The first two appeals have been filed under Section 61 (1) of the Insolvency and Bankruptcy Code, 2016 (‘Code’) by the Appellant i.e., Mr. Amit Sangal, Proprietor of M/s. Nitin Plastic (the Operational Creditor of the Corporate Debtor herein), against the Impugned Order dated 15.05.2023 passed by the National Company Law Tribunal, Mumbai Bench (II) (‘Adjudicating Authority’) in IA/3525/2022 and IA/2977/2022 in Company Petition No. (IB) 934(MB)/2020).

2. The first appeal has been filed U/S 61(1) of the Code by the Appellant i.e., Mr. Amit Sangal, Proprietor of M/s. Nitin Plastic, the Operational Creditor of the Corporate Debtor herein, under section 425 of the Companies Act, 2013 and Section 60(5) of the Code r/w Section 10 and Section 12 of the Contempt of Court Act, 1971 , read with Rules 11 and 34 of the National Company Law Tribunal Rules, 2016, against the Impugned Order 28.03.2024 passed by the National Company Law Tribunal, Mumbai Bench (II) (‘Adjudicating Authority’) in Contempt Petition No. 04/2023 in Company Petition No. (IB) 934(MB)/2020).

3. Mr. Kairav Anil Trivedi, who is the Interim Resolution Professional (IRP)