State Bank of India v. Atul Punj S/O. Satya Narain Punj
Case brief
What is this about?
The DRAT issued an order listing the appeal for final arguments on 09.12.2022 and admitted an interim application seeking dismissal of the appeal pending insolvency proceedings.
What the court decided
DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Appeal No.66/2022 Arising out of O.A. No. 400/2020 (DRT-II, Delhi)
State Bank of India Vs Atul Punj
14.11.2022 Hon’ble Mr. Justice Brijesh Sethi
Present: Mr. Abhay Gupta along with Ms Priya Gupta, Ld. Counsels for appellant.
Mr. Pallav Saxena, Ld. Counsel for respondent no.1.
Mr. Sahas Bhasin, Ld. Counsel for respondent no.14.
This matter has been taken up by me through Video Conferencing.
I.A. No. 719/2022
This an application filed by the respondent no.1 seeking dismissal of the present appeal.
Ld. Counsel for respondent no.1 states that present appeal is liable to be dismissed on the ground that appellant has filed a petition before NCLT under Section 95 of read with Section 60 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Insolvency Resolution Process of respondent no.1 herein.
Issues for consideration
1 issue framed by the court
Whether the present appeal is liable to be dismissed pending the outcome of an insolvency proceedings initiated by the appellant under the Insolvency and Bankruptcy Code, 2016.
Parties & counsel
- appellant
State Bank of India
- respondent
Atul Punj
Coram
Brijesh Sethi
Case details
As recorded by the court registry
All orders in this case
16 orders share this CNR
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