The appeal was preferred by M/s. Bee Kay Precisum (India) Pvt. Ltd. Despite the time given to the appellant, no petition was filed for substitution of the appellant by one of the shareholder/Director of the 'Corporate Debtor'.
M/s. Bee Kay Precisum (India) Pvt. Ltd. filed an appeal. However, no petition was filed for the substitution of the appellant by a shareholder or director of the Corporate Debtor. The court considered the maintainability of the appeal at the instance of the Corporate Debtor through its earlier management, referencing the Supreme Court's decision in 'Innoventive Industries Ltd. v. ICICI Bank'. The court found the appeal not maintainable.
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The appeal was preferred by M/s. Bee Kay Precisum (India) Pvt. Ltd. Despite the time given to the appellant, no petition was filed for substitution of the appellant by one of the shareholder/Director of the 'Corporate Debtor'.
M/s. Bee Kay Precisum (India) Pvt. Ltd. filed an appeal. However, no petition was filed for the substitution of the appellant by a shareholder or director of the Corporate Debtor. The court considered the maintainability of the appeal at the instance of the Corporate Debtor through its earlier management, referencing the Supreme Court's decision in 'Innoventive Industries Ltd. v. ICICI Bank'. The court found the appeal not maintainable.
The appea…
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