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2024 Supreme(Online)(NCLAT) 1180

NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Sharad Kumar Sharma, J
Sharon Hills Residents Association – Appellant
Versus
K. Parameswaran Nair, Resolution Professional – Respondent


For the Appellants/Petitioners:Mr. Liju V. Stephen, Advocate
Mr. Bijoy P. Pulipra & Mr. Kiran Gopi, Advocates
For the Respondents:Mr. PV. Vinod & Ms. D. Reetha, Advocates

JUDGMENT

(Hybrid Mode)

Justice Sharad Kumar Sharma, Member (Judicial):

These are four Company Appeals Viz. Comp. App (AT) (CH) (INS) No.192 / 2023, Comp. App (AT) (CH) (INS) No.214 / 2023, Comp. App (AT) (CH) (INS) No.215 / 2023 & Comp. App (AT) (CH) (INS) No.212 / 2023, which have been respectively preferred by the Appellants, being aggrieved, against the respective Judgments, passed by the `Adjudicating Authority’, thereby rejecting their Application, as preferred under Section 12 of I & B Code, 2016, for extension of time for the purposes of completion of the Insolvency Resolution Process.

2. As the facts in each of the cases are identical, for the purpose of brevity all the Appeals are being taken up together, in order to aptly deal with the facts as respectively argued by the respective Counsels for the Parties, it becomes inevitable for the `Tribunal’ to deal with the facts of each Company Appeals independently and precisely.

Comp. App (AT) (CH) (INS) No. 192 / 2023:

3. As far as the Comp. App (AT) (CH) (INS) No. 192 / 2023 of Sharon Hills Residents Association v. K. Parameswaran Nair, Resolution Professional is concerned, the challenge given by the Appellant herein is to the Imp

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