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2022 Supreme(Online)(NCLAT) 190

NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Justice Ashok Bhushan (Chairperson) , Hon'ble Dr. Ashok Kumar Mishra (Member (Technical)) ,
Vikram Puri & Anr. – Appellant
Versus
UNIVERSAL BUILDWELL PVT. LTD. & Anr. – Respondent


JUDGEMENT

ASHOK BHUSHAN, J. 1. This Appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 (“Code” for short) has been filed against the order dated 30.09.2021 Company Appeal (AT) (Ins.) No. 1018 of 2021 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench (Court-II) rejecting the Application I.A 3221 of 2021 filed by the Appellant for cancellation of the Non-Bailable Warrants of Arrest.

2. An Application under Section 7 of the Code was filed by the Financial Creditor- Ms. Pallavi Joshi Bakhru against the Corporate Debtor on 18.04.2018. The Adjudicating Authority vide order dated 03.07.2018 admitted the Application under Section 7 and appointed Interim Resolution Professional. An Application CA No. 400/2018 was filed by the Resolution Professional before the Adjudicating Authority seeking direction to Suspended Board of Directors of the Corporate Debtor to supply documents as specified therein. The Appellant- Suspended Board of Directors of the Corporate Debtor did not co-operate with the Resolution Professional, hence, Application under Section 19(2) of the Code was filed by the Resolution Professional. By order dated 16.07.2




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