JUDGEMENT

(Virtual Mode) [Per; Ms. Shreesha Merla, Member (Technical)]: 1. The present `Appeal’ is filed under Section 61 of the Insolvency and Bankruptcy Code, 2016, (hereinafter referred to as the Code), is against the `Impugned Order’ dated 06.05.2020, passed by the `Learned Adjudicating Authority’ (National Company Law Tribunal, Hyderabad Bench) in C.P. (IB) No.573/7/HDB/2019, whereby the `Adjudicating Authority’ had `dismissed’ the `Section 7 Application’ filed by the `Appellant’ herein, observing as follows:

“13. Through the said final report, it has been established that the amount of Rs.51.00 lakhs had actually gone to the credit of various individuals in addition to Rs. 1.14 crores credited to the account of Mr. G. Madhusudan Rao and his wife, Smt. G. Surekha. In the final report, it is also established that the Agreement of Sale stamp paper bearing No.BB029594, dated 28.01.2013 was false as the genuine stamp paper of the said number was actually issued and utilized by some other person on 17.01.2013 and was not issued for the Agreement of Sale dated 12.03.2013. above discussion is liable to be dismissed on the following grounds:

establish his status as Finan