2020 (2) TMI 1594

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....esident and Santanu Kumar Mohapatra, Member (T) For Appellant: Ajay Kumar, P. Singh, Sharad Tyagi, Mukund Rawat, Advs. and Party-in-Person ORDER CA-639(PB)/2019 This is an application filed by Axis Bank Ltd. against the RP representing the corporate debtor seeking reliefs as follows:- "a. Allow the present application, declare Applicant Ban as a 'secured financial creditor....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... d. Direct the Resolution Professional/Liquidator, in case any amount is refunded to the home buyers, the said amount must be first utilised to pay the loan amounts as set out under the proof of claim submitted by the Applicant Bank;" On perusal of this application, it appears this bank advanced loan to the home buyers of the corporate debtor. In view of it, now the bank is asking this....