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SUDHANSU JYOTI MUKHOPADHAYA, J.

The appellant - Ramesh Chander Gupta, one of the Director of Arcee Ispat Udyog Ltd. (the Corporate Debtor) has preferred this appeal against the order dated 30th August, 2017 passed by the Adjudicating Authority (National Company Law Tribunal) Chandigarh Bench, Chandigarh. By the impugned order, the application preferred by the respondent - Punjab National Bank (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as 'I & B Code') has been admitted, order of moratorium has been declared, the case has been adjourned for appointment of Interim Resolution Professional and for further directions.