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2023 Supreme(Online)(NCLAT) 1878

NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Justice Ashok Bhushan (Chairperson) , Hon'ble Mr. Barun Mitra (Member (Technical)) ,
T.S. MURALI – Appellant
Versus
MR. SARVESH KASHYAP LIQUIDATOR – Respondent


JUDGEMENT

[Per: Barun Mitra, Member (Technical)] Aggrieved by the impugned order dated 22.02.2023 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench, Court-II, New Delhi) in I.A. No. 1026/2023, I.A. No. 951/2023, M.A. No. 05/2022 and I.A. No. 224/2023 in C.P (IB) No. 35(ND)/17, four separate appeals have been filed by the Appellant under Section 61 of the Insolvency and Bankruptcy Code (‘IBC’ in short).

2. The Appellant in the present case is Shri T.S. Murali, promoter and ex- Director of M/s Helpline Hospitality Pvt. Ltd. (hereinafter referred to as the ‘Corporate Debtor’). Since these appeals have arisen from more or less the same facts and circumstances, all these appeals have been heard together and are being decided by this common judgment.

3. In Company Appeal (AT) (Insolvency) No. 344 of 2023, the impugned order dated 22.02.2023 of the Adjudicating Authority passed in M.A. No.05/2022 has been challenged. The Adjudicating Authority while disposing of the M.A. No.05/2022 had vacated the interim stay granted by the Adjudicating Authority on the sale of Plot No. C-158, Sector 41, Noida, Uttar Pradesh (hereinafter referred to as t







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