IN RE Vs. HOTEL GAUDAVAN PVT LTD (HGPL)

JUDGEMENT

(1.) Cano. 222 of 2017

(2.) While admitting the petition and grant of moratorium in terms of Sec. 14 of the IBC to be enjoyed by the Corporate Debtor and Interim Resolution Professional has been appointed to exercise all powers and subject to all duties as contemplated under the provisions of Sec. 18 of the Code and further process has to be followed in terms of Interim Resolution Professional obviously as per provisions of the Code 2016.

(3.) It is indeed appealable order before the National Company Law Appellate Tribunal u/ S.61 of the Code 2016 which so far has not been exercised by the petitioner.