NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Hon'ble Justice Rakesh Kumar Jain (Member(Judicial)) , Hon'ble Ms. Shreesha Merla (Member (Technical)) ,
Peninsular Traders – Appellant
Versus
Hindustan Newsprint Limited – Respondent
ORDER
(Virtual Mode) [Per: Justice Rakesh Kumar Jain (MJ)] (ORAL) 25.07.2023: Comp. App. (AT) (CH) (Ins.) No.124/2021: Counsel for the Appellant has submitted that the Appellant does not want to pursue this Appeal, therefore, she has prayed that she may be allowed to withdraw the same. On her request, this Appeal is hereby dismissed as withdrawn.
Comp. App. (AT) (CH) (Ins.) Nos. 305, 114, 120, 121 & 123/2021: 1. This Order shall dispose of 5 Appeals namely Comp. App. (AT) (CH) (Ins.) No. 305/2021, Comp. App. (AT) (CH) (Ins.) No.114/2021, Comp. App. (AT) (CH) (Ins.) No.120/2021, Comp. App. (AT) (CH) (Ins.) No.121/2021 & Comp. App. (AT) (CH) (Ins.) No.123/2021, because the issues involved in these Appeals are common.
2. However, the facts are being extracted from Comp. App. (AT) (CH) (Ins.) No.121/2021 for the sake of convenience. RBL Bank filed an Application under Section 7 of the Insolvency and Bankruptcy Code, 2016, (for short `The Code’) as a Financial Creditor against Hindustan News Print Limited (`Corporate Debtor’) (hereinafter referred to as `HNL’), which was admitted on 28.11.2019. 3. Shorn of unnecessary details, Kerala Industrial Infrastructure Development
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