National Company Law Appellate Tribunal
Wish Town Home Buyers Welfare Society vs IDBI Bank Ltd & Anr. on 19 June 2020
NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI
Company Appeal (AT) (Insolvency) No. 261 of 2020
IN THE MATTER OF:
Wish Town Home Buyers Welfare Society
…Appellant
Versus
IDBI Bank Ltd. & Anr.
…Respondents
Present:
For Appellant:
Mr. Manish Kr. Bishnoi and Mr. Raunak Jain, Advocates.
For Respondents: Mr. Bishwajit Dubey, Mr. Uday Khare and Mr. Aditya Marwah, Advocates for R-1 (IDBI).
Mr. Sumant Batra and Ms. Niharika Sharma Advocates for R-2 (RP).
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O R D E R
(Through Virtual Mode) 19.06.2020 After hearing learned counsel for the Appellant we find that since resolution plan has been approved in the matter and appeals preferred against such resolution plan are pending consideration before this Appellate Tribunal, this appeal preferred with respect to an interim order passed prior to approval of the resolution plan, does not survive. Accordingly, the appeal is dismissed. However, the record of the case, which may be required for perusal in appeals preferred against approval of the Resolution Plan may be kept with record of Company Appeal (AT) (Insolvency) No. 506 of 2020.
[Justice Bansi Lal Bhat] Acting Chairperson
[V. P. Singh] Member (Technical)
[Alok Srivastava] Member (Technical) am/gc