2021 (4) TMI 891

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....Member (T) For the Appellant : Chandramouli Prabhakar, Advocate ORDER R. Sucharitha, Member (J) 1. Under adjudication is an Application IA/749/IB/2020 in IBA/434/2019 filed by the Liquidator pursuant Regulations 31 & 31A of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. The Applicant/Liquidator in this Application the following relief has been sou....

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....ing Authority had passed an Order dated 17.12.2019, wherein the Corporate Debtor viz. M/s. Santosh Hospitals Private Limited was ordered for Liquidation and the Applicant herein was appointed as the Liquidator. The Learned Counsel for the Applicant submitted as follows: i) In compliance with Regulation 12(3)(a) of the IBBI (Liquidator Process) Regulation, 2016, paper publication intimatin....

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....020 in accordance with Regulation 12(3); iv) The Operational Creditor, M/s. Regenix Drugs Limited had made a claim amounting to Rs. 19,32,272/- out of which Rs. 9,82,273/- pertained to interest accrued for delayed payment of Rs. 9,50,000/- due from the Corporate Debtor. On examination of claim, the Liquidator had found that there was no provision to charge interest in the invoice raised a....

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.... stakeholders, category-wise, on the basis of proofs of claims submitted and accepted under these Regulations with (a) the amounts of claim admitted, if applicable, (b) the extent to which the debts or dues are secured or unsecured, if applicable (c) the details of the stakeholders, and (d) the proofs admitted or rejected in part, and the proofs wholly rejected. (2) The liquidator shall f....