NATIONAL COMPANY LAW APPEALLATE TRIBUNAL, NEW DELHI

Company Appeal (AT) (Insolvency) No. 225 of 2020

(Arising out of Order dated 3^rd January, 2020 passed by the

Adjudicating Authority (National Company Law Tribunal), Indore Bench

at Ahmedabad in C.P. (IB) No.421/7/NCLT/AHM/2018)

IN THE MATTER OF:

Rajendra Kumar Tekriwal

(Ex- Director: Pithampur Poly Products Limited)

115, Sector III, Industrial Area,

Pithampur, District- Dhar (M.P.)

….Appellant

Versus

Bank of Baroda

(Before merger with Respondent Bank

was known as “Dena Bank”)

Navlakha Chouraha

A.B. Road

Indore- 452001

…..Respondent

Present:

For Appellant:

Mr. Manoj Munshi, Mr. Ajay K. Jain and Mr.

Atanu Mukherjee, Advocates.

For Respondent:

Mr. Amit Mahaliyan, Advocate.

J U D G M E N T

BANSI LAL BHAT, J.

Through the medium of instant appeal filed under Section 61 of

the Insolvency and Bankruptcy Code, 2016 (“I&B Code” for short), Shri

Rajendra Kumar Tekriwal, Ex-Director of ‘Pithampur Poly Products

2

Company Appeal (AT) (Insolvency) No. 225 of 2020

Limited’- (‘Corporate Debtor’) assails the impugned order dated 3^rd

January, 2020 passed