2022 (2) TMI 1127

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....respectively, seeking the following reliefs: i. Allow this Application and direct the Respondents to accommodate the Corporate Debtor's assets/medical equipment on their property for a period of 6 (Six) months from the date of receipt of the order of Liquidation (07.02.2022) which ends on 06.08.2022; and ii. Pass any other orders as may be deemed fit and proper in the circumstances of the case. 2. Heard Shri Varun. S, learned Counsel for the Liquidator along with Smt. Bhuvaneshwari Ramanathan, Liquidator in person and Shri D.R. Ravishankar, learned Senior Counsel for the Respondent Nos. 1 & 2 and Shri Akshay Jain, learned Counsel for the Respondent No. 3. 3. It is submitted that the CP (IB) No. 157/BB/2019 filed ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....es, while we are not inclined to interfere with the impugned order, we are inclined to grant a period of four months to the Petitioner to remove the medical equipments and hand over possession of the property as directed by the High Court. Accordingly, we extend the period granted by the High Court by a period of four months from today. As regards the complaint of the Petitioner that being a Resolution Professional, it is benefit of funds of his own, it is for the Petitioner to take recourse to such remedies in this regard as are provided in law. Subject to the aforesaid observations, the special leave petitions are dismissed. Pending applications stand disposed of." 4. It is further submitted that imm....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Premises of Respondent Nos. 1, 2 & 3. 5. The order of vacation of the premises of the Respondents was passed by the Hon'ble High Court of Karnataka on 28.04.2021 and the said order was upheld by the Hon'ble Apex Court by order dated 20.10.2021. The original time granted by the Hon'ble High Court was extended by Hon'ble Apex Court by a period of four months i.e. from the date of its order dated 20.10.2021. The applicant by way of the instant Application is seeking a direction from this Adjudicating Authority to extend the time granted by the Hon'ble Apex Court. 6. Shri D.R. Ravishankar, Learned Senior Counsel for the Respondents No. 1 & 2 opposed the I.A. on various grounds. 7. The Learned Counsel appearing fo....