Company Appeal (AT) (Insolvency) No. 1411 of 2019 Page 1 of 25

NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI

Company Appeal (AT) (Insolvency) No. 1411 of 2019

[Arising out of Impugned Order dated 03^rd October 2019 passed by the

Hon‟ble National Company Law Tribunal, Cuttack Bench, Cuttack in

C.P.(IB) No.54/CTB/2019]

IN THE MATTER OF:

Ashish Kumar

S/o Rajendra Kumar Jain

22, Prem Pushp, Jal Vihar Colony

Civil Lines, Raipur (CG) - 492001

…Appellant

Versus

1. Mr. Vinod Kumar Pukhraj Ambavat

Resolution Professional

D-511, Kanakia Zillion, Junction of LBS Road

And CST Road, BKC Annexe, Kurla West

Mumbai, PIN – 400070

...Respondent No.1

2. M/s ASREC (India) Limited

Unit No.201, 200A, 202 & 200B, Ground Floor,

Build No.2, Solitaire Corporate Park

Andheri (E) Kurla Road

Mumbai – 400059

...Respondent No.2

Present:

For Appellant

: Mr Anurag, Mr Sushil, Advocates

For Respondent

: Mr R.P. Agarwal, Advocate for R-1

Mr Manish K. Bishnoi, Mr Narendra Singh, Advocates

for R-2

J U D G M E N T

[Per; V. P. Singh, Member (T)]

This Appeal em