2021 (5) TMI 679

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....<br>Insolvency & Bankruptcy<br>Rajeswara Rao Vittanala, Member (J) And Ashutosh Chandra, Member (T) For the Appellant : Ullasa B.C., Adv. For the Respondents : Shivarama Krishnan, Adv. ORDER Ashutosh Chandra, Member (T) 1. I.A. No. 446 of 2020 in C.P. (IB) No. 20/BB/2017 is filed by Mr. Ravindra Beleyur, Liquidator of M/s. Aegan Industries Private Limited (&#39;the Applicant/Liquida....

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....ication to Adjudicating Authority) Rules, 2016, was admitted by this Adjudicating Authority, vide order dated 18.08.2017 (&#39;Admission Order&#39;) for initiating CIRP, appointing Mr. S. Muthuraju, as IRP, imposing moratorium, etc. Subsequently, Mr. Ravindra Beleyur is appointed as the RP in place of Mr. S. Muthuraju by an order dated 13.10.2017. The efforts of the Resolution Professional and Com....

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....he Applicant has handed over the assets of the Corporate Debtor secured by charge which are under the custody of the Applicant to Respondent No. 1. Further, Respondent No. 1 realised a gross amount of Rs. 47.59 Crore from the sale of land and building and plant and machinery including one water lorry which is forming part of their security interest on 26.10.2018 through e-auction. 4) Hand....

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....r the Liquidator, Mr. Shivarama Krishnan, leaned Counsel for the Respondent No. 1. We have carefully perused the pleadings of the Party and the extant provisions of the Code, and the Rules made thereunder. 4. During the course of hearing, Mr. Shivarama Krishnan, Ld. Counsel for the Respondent 1, State Bank of India informed that the GST collected on account of the sale of various assets, as men....