Shipra Hotels Ltd. filed an appeal against the admission of an application by the Adjudicating Authority, arguing that pre-existing disputes were not considered. The appellant claimed that the admission of the application would cause irreparable damage and sought immediate protection. To protect the interest of the Operational Creditor, the appellant offered to keep Rs. 42,58,844/- in an Escrow account. The Adjudicating Authority's order dated 01.06.2018 was passed in CP(IB) 25/ALD/2018. The appellant's counsel argued that the disputes predate the notice under Section 8 or the application under Section 9. The court acknowledged the urgency of the matter.

Shipra Hotels Ltd. filed an appeal against the admission of an application by the Adjudicating Authority, arguing that pre-existing disputes were not considered. The appellant claimed that the admission of the application would cause irreparable damage and sought immediate protection. To protect the interest of the Operational Creditor, the appellant offered to keep Rs. 42,58,844/- in an Escrow account. The Adjudicating Authority's order dated 01.06.2018 was passed in CP(IB) 25/ALD/2018. The appellant's counsel argued that the disputes predate the notice under Section 8 or the application under Section 9. The court acknowledged the urgency of the matter.