2021 (10) TMI 1033

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....J) And Anil Kumar B., Member (T) For the Appellant : V. Manivannan, Advocate ORDER Sucharitha R., Member (J) 1. The above application has been preferred by the Liquidator under section 35(1)(n) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as "IBC, 2016") read with Regulation 44(2) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations,....

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....nd the list of the same has also been filed before this Tribunal. 3. The Learned Counsel for the Liquidator submitted that the applicant had also appointed two valuers who have valued the assets of the Corporate Debtor and the applicant had also submitted the preliminary report, list of stakeholders, assets memorandum and quarterly progress report before this Tribunal. 4. It was submitted by....

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....tted that MA/602/2019 filed by the Applicant against the erstwhile Directors of the Corporate Debtor under Section 66 of IBC, 2016 is pending adjudication before this Tribunal. The Learned Counsel for the Applicant further submitted that the Karur Vysya Bank has lien on the chits for the deposit of Rs. 1,00,00,000, for which the applicant has filed an application before this Tribunal praying for l....

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....btor is required to be completed on or before 27.08.2020. The Applicant in the Application has averred that the avoidance applications filed by Liquidator are yet to be adjudicated by this Tribunal and till such time the avoidance application is adjudicated, the Liquidation process in relation to the Corporate Debtor cannot be completed. Further, it is also seen that the assets of the Corporate De....