NATIONAL COMPANY LAW APPELLATE TRIBUNAL

NEW DELHI

Company Appeal (AT) (Insolvency) No. 495 & 496 of 2018

IN THE MATTER OF:

S.C. Sekaran

…Appellant

Versus

Amit Gupta & Ors.

…Respondents

Present:

For Appellant :

Mr. Sumant Batra and Ms. Priyanka Anand,

Advocates

For Respondents:

Mr. Mehul Parti and Ms. Swati Seth, Advocates for

R.P.

Mr. V. Seshagiri and Mr. Adhish Rajvanshi,

Advocates for Respondent Nos. 2 and 3

O R D E R

29.01.2019

These appeals have been preferred by the management of

‘Hindustan Dorr-Oliver Limited’ (Corporate Debtor) and ‘HDO Technologies

Limited’ (the other Corporate Debtor) against orders both dated 25^th June, 2018

whereby and whereunder the Adjudicating Authority (National Company Law

Tribunal) Mumbai Bench passed order(s) of liquidation under Section 33(1) of

the Insolvency and Bankruptcy Code, 2016 (for short, ‘the I&B Code’) of both

the companies with certain directions to the liquidator.

2.

Earlier two separate appeals were preferred by ‘resolution applicant(s)

namely ‘Eight Finance Pvt. Ltd.’ and ‘Pennar Industries Ltd.’ in respect of the

‘corporate insolvenc