2021 (10) TMI 1032

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...."IBC, 2016") read with Regulations 9 of the IBBI (Liquidation Process) Regulations, 2016 seeking relief as follows; i. To direct the Respondent to comply with the orders of this Tribunal, a. dated 14.10.2019 passed in MA/775/2019, b. dated 17.09.2019 passed in MA/996/2019 and ii. To give an appropriate direction under Section 429 of Companies Act, 2013, for wilful disobedience. 2. The Learned Counsel for the Applicant submitted that the Corporate Debtor was ordered for Liquidation by this Tribunal on 04.04.2019 and Applicant herein was appointed as Liquidator by order dated 16.04.2019. 3. The Learned Counsel for the Applicant submitted that the Respondents/Corporate Debtor has not handed over the books and records to the Applicant....

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....t the Respondents to comply with the orders passed by this Tribunal. 6. The Respondent has filed counter and the Learned Counsel for the Respondent contends that an Appeal is pending before NCLAT in Company Appeal (AT)(Ins) No. 577 of 2019 against the liquidation order passed by this Tribunal. Further, it was submitted that the land at Maraimalai Nagar alone belongs to Corporate Debtor and the other lands at Guduvancherry and Thiruvallur are owned by Respondents personally. Further, it was submitted that the liquidator has sent unauthorized communication to the DTCP to not approve the Respondent projects. 7. The Learned Counsel for the Respondent submitted that the DTCP approval for Property at Thiruvallur is obtained for another project ....