Corporate Debtor Cannot Maintain Appeal Under IBC : NCLAT

Radius Infratel Pvt. Ltd. Vs Union Bank of India (NCLAT)

when the matter was taken up one Mr. Ankit, representative of the Corporate Debtor submits that the lawyer is appearing before the Debts Recovery Tribunal. However, we are not adjourning the case as even on appearance of the counsel we cannot entertain the appeal preferred by Corporate Debtor being not maintainable.

FULL TEXT OF THE ORDER OF NCLAT

13.11.2018: This appeal has been preferred by ‘M/s Radius Infratel Pvt. Ltd.’ (Corporate Debtor) against order dated 23^rd July, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi, whereby and whereunder application under Section 7 preferred by ‘Union Bank of India’ (Financial Creditor) has been admitted, order of moratorium has been passed and Interim Resolution Professional has been appointed.

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