Export-Import Bank of India and Power Finance Corporation Limited (Financial Creditors) filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, which admitted the application under Section 10 of the I&B Code filed by Astonfield Solar (Gujarat) Private Limited and Anr. (Corporate Debtor and Corporate Applicant). The Adjudicating Authority also passed an order of moratorium and appointed a Resolution Professional. The appellant argued that the shareholders of the Corporate Debtor did not have the right to approve the initiation of the corporate insolvency resolution process due to a 'Deed of Pledge of Securities' dated 28th March, 2013. The 'Deed of Pledge of Securities' contained provisions regarding voting

Export-Import Bank of India and Power Finance Corporation Limited (Financial Creditors) filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, which admitted the application under Section 10 of the I&B Code filed by Astonfield Solar (Gujarat) Private Limited and Anr. (Corporate Debtor and Corporate Applicant). The Adjudicating Authority also passed an order of moratorium and appointed a Resolution Professional. The appellant argued that the shareholders of the Corporate Debtor did not have the right to approve the initiation of the corporate insolvency resolution process due to a 'Deed of Pledge of Securities' dated 28th March, 2013. The 'Deed of Pledge of Securities' contained provisions regarding voting