2020 (2) TMI 1003

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....o C. Sen, Sr. Adv., T.N. Durga Prasad and Kaustubh Singh, Advs. for the Appellant. ORDER 1. Learned counsel for the Appellant submits that the certified copy of the impugned order dated 9th August, 2019 passed by the Adjudicating Authority (National Company Law Tribunal), Hyderabad Bench, Hyderabad, was made ready on 22nd August, 2019 and handed over to the Appellant on 6th September, 2019. The....

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....asm/Parent Seeds of 'M/s. Super Agri Seeds Pvt. Ltd.'- ('Corporate Debtor'). 4. It was submitted that the undervaluation was made at the instance of the Liquidator. Therefore, the prayer was made to direct the Liquidator to state as to why he failed to value all the assets (Tangible, Intangible, Movable and Immovable) of the Company before going for sale. 5. It was alleged that t....

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....interest of maximizing the value of assets of the CD: (i) R5 is directed to pay the difference amount of Rs. 31 lakhs to the Liquidation Account of the Corporate Debtor. (ii) R6 is hereby directed to make good the loss caused to the Corporate Debtor by dumping Germ Plasm/Parent seed by paying the value of the same which is to be estimated by a competent valour to be appointed by the R2/Liqui....

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....of bias against Dr. K.V. Srinivas, Liquidator. 9. Further, if the Appellant or any Promoter(s) had any grievance against the Liquidator, it was always open to them to bring the same to the notice of the Insolvency and Bankruptcy Board of India, who was the Competent Authority to take any action after necessary enquiry. 10. It is stated that the complaint has been lodged before the Insolvency and....