2019 (11) TMI 1693

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....R, HON'BLE PRESIDENT AND SH. S. K. MOHAPATRA, HON'BLE MEMBER (TECHNICAL) For the RP: Mr. Ashish Makhija, Mr. Anurag Bhatt, Mr. Lokesh Pathak, Advs. with Ms. Nisha Malpani, RP For the applicant: Mr. P. Nagesh, Mr. Harshal Kumar, Mr. Shivam Wadhwa, Advs. for applicant in CA-966/ 19 Mr. Alok Kumar, Ms. Snigdha Singh, Advs., Mr. Sameer Rastogi, Adv. for Brijesh Sharma Mr. Abhinav Srivast....

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....has to be increased to Rs. 6,31,39,561.69 [73.65% of Rs. 135,435,362/- (admitted net principal amount, as agreed by Alchemist Asset Reconstruction Company Limited,] in parity with the other Secured i.e. Bank of Baroda. 6. That in compliance of the order dated 23.10.2019, the Resolution Applicant is ready to infuse additional funds and increase the value of the resolution plan by Rs. 3,66,....

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....view of the order passed on 26.09.2019 wherein we have held that the applicant namely Paisalo Digital Ltd. cannot considered as a secured creditor as the assets of the corporate debtor are not secured. We have further observed that the assets of the directors in their private capacities have been secured. Accordingly, the application stands disposed of. CA-889(PB)/2019:- Arguments heard. Ord....

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....ce has been paid to the RP. We give one last opportunity to comply with the undertaking given on 26.09.2019 within two weeks failing which contempt proceedings may be initiated. CA-60, 265, 967, & 1268(PB)/2019:- The prayer has been made for avoidance of transactions along with other prayers. All these applications are interconnected and therefore, the same be listed together. Pleadings in t....