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NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Hon'ble Justice Jarat Kumar Jain (Member(Judicial)) , Hon'ble Dr. Ashok Kumar Mishra (Member (Technical)) ,
Bank Of Maharashtra – Appellant
Versus
Videocon Industries Limited & ors – Respondent
J U D G M E N T
DR. ASHOK KUMAR MISRHA, TECHNICAL MEMEBR Contents:
| SL No. | Particulars | Para No. | Page No. |
| A. | Brief Background | 04-08 | 12-16 |
| B. | Submissions by the parties | 09-18 | 17-174 |
| C. | Analysis of facts, law and reasons | 19-49 | 174-212 |
| D. | Conclusion | 50 | 213 |
1. All these appeals have been filed by the ‘Appellants’ under Section 61 of the ‘Insolvency and Bankruptcy Code, 2016’ (in short ‘Code’) against the impugned order dated 08.06.2021 passed by the ‘Adjudicating Authority’ (National Company Law Tribunal, Mumbai Bench, Court No.II at Mumbai) in IA No. 196/2021 in CP (IB) No. 02/MB/C-II/2018 and CP (IB) 01/MB/C-II/2018 and CP (IB) 508/MB/C-II/2018 and CP (IB) 509/MB/C-II/2018 and CP (IB) 507/MB/C-II/2018 and CP (IB) 511/MB/C-II/2018 and CP (IB) 510/MB/C-II/2018 and CP (IB) 562/MB/C-II/2018 and CP (IB) 512/MB/C-II/2018 and CP (IB) 560/MB/C-II/2018 and CP (IB) 528/MB/C-II/2018 and CP (IB) 564/MB/C-II/2018 and CP (IB) 563/MB/C-II/2018 wherein the ‘Adjudicating Authority’ has approved the ‘Resolution Plan’ submitted by ‘Resolution Applicant’ - ‘Twin Star Technologies Limited’.
2. Since all these appeals have sought basically to quash and set aside the impugned order dated 08.06.2021 of the Adjudicating Authority, i
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