2020 (11) TMI 533

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ber (J) and Anil Kumar B., Member (T) ORDER Learned Counsel for the Applicant Mr. Samudhra Sarangi, Advocate is present through video conferencing mode and represents that an urgent Application IA/641/2020 has been filed for hearing IA/640/2020 urgently taking into consideration the averments made in IA/640/2020. Learned Counsel for R1 & R2 Mr. Ravi Rajagopalan, Advocate, Learned Counsel ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... after deducting the payment which has already been made the balance sum of Rs. 99,10,486/- is required to be paid by the 1st Respondent viz., the Scheme Proponent to the account of the Liquidator and upon the payment being received/credited, the dredger which is in possession of the Applicant will be duly handed over to the Scheme Proponent. It is also represented by the Applicant that accordi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ant as filed by the 1st and 2nd Respondent in toto, IA/640/2020 stands dismissed as withdrawn. It is further represented by Learned Counsel for the Liquidator that as directed by this Tribunal and even though an Application has been filed in relation to IA/64072020 seeking for extension of time by the Liquidator due to Covid-19, the possession, it is represented in relation to the assets of the....