Srei Infrastructure Finance Ltd. …Appellant
Sundresh Bhatt, Resolution Professional Sterling Biotech Ltd. …Respondent
Mr. Satendra K. Rai, Advocate submits that Mr. Sundresh Bhatt, the ‘Resolution Professional’ has been removed and the Liquidator has been appointed. In the circumstance, we allow the Appellant to serve a copy of the paper book along with the copy of the earlier orders on Ms. Mamta Binani, Liquidator who may appear through counsel on the next date.
Post the case ‘for orders’ on 4th July, 2019.
Until further orders, the Liquidator will not sell or transfer or alienate moveable or immoveable property of the ‘Corporate Debtor’ nor create any third party encumbrance. However, he will ensure that the Company remains a going concern during the period of liquidation and will follow the decision of this Appellate Tribunal in “Y. Shivram Prasad Vs. S. Dhanapal & Ors.- Company Appeal (AT) (Insolvency) No. 224 of 2018” disposed of on 27th February, 2019.
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