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2024 Supreme(Online)(NCLAT) 78

NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Justice Ashok Bhushan (Chairperson) , Hon'ble Mr. Barun Mitra (Member (Technical)) ,
ARIA HOTELS AND CONSULTANCY SERVICES PRIVATE LIMITED – Appellant
Versus
Sapan Mohan Garg – Respondent


ORDER

(Hybrid Mode) 10.01.2024: This Appeal has been filed against the Order dated 22.09.2023 passed by the Adjudicating Authority in I.A. No. 656 of 2023 which was passed in the CIRP of the Corporate Debtor-Asian Hotels West Limited. The Order was passed on the Application filed by Aria Hotels and Consultancy Services Private Limited.

2. Learned Counsel for the parties agree that in view of the Judgment passed by this Tribunal on 09th January, 2024 in Company Appeal (AT) (Ins.) No. 1192 & 1193 of 2022 & I.A. No. 3897-3898, 3776-3777, 4512, 4520 of 2023 where applications and appeal was allowed in following manner in Paragraph 42:

    “42. In result, I.A. No. 3987-3988 of 2023 in Company Appeal (AT) (Ins.) No.1192-1193 of 2022 as well as I.A. Company Appeal (AT) (Insolvency) No.1264/2023 No.3903-3904 of 2023 in Company Appeal (AT) (Ins.) No.1338-1339 of 2022 and I.A. No. 3905 of 2023 in Company Appeal (AT) (Ins.) No. 1341 of 2022 deserve to be allowed and are hereby allowed. While allowing the aforesaid IAs, we decide all the Appeals in following manner:
    (i) The Proposal under 12A submitted by the Appellant dated 11.08.2023 as revised on 04.10.2023 is accepted. The CIRP is closed.

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