Having heard learned senior counsel for the
appellant and having perused the material placed on
record, we are not inclined to interfere in this matter
at the instance of the appellant, particularly at this
juncture when the Resolution Plan approved by the
Committee of Creditors is pending for approval of the
Adjudicating Authority.
It goes without saying that the submissions sought
to be made by the appellant could be the matter for
consideration of the Adjudicating Authority, of course,
strictly in accordance with law. In that regard, suffice
it to say that any observations made in the impugned
order shall not be of prejudice to the appellant in
making the relevant submissions; and consideration
thereof by the Adjudicating Authority.
The appeal stands dismissed subject to the
JAGDISH KUMAR observations foregoing. All pending applications stand disposed of.