2022 (3) TMI 757

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.... Srivastava] Member (Technical) For the Appellants : Mr. Atul Sharma, Ms. Renuka Iyer, Mr. Aditya Vashisth, Advocates For the Respondents : Mr. Sumit Sinha, Advocate for Liquidator ORDER ( Virtual Mode ) Heard Learned Counsel for the Appellant-Mr. Atul Sharma and Learned Counsel for the Liquidator-Mr. Sumit Sinha. 2. This Appeal has been filed against the Order dated 30th November, 2021 pass....

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....f imposing conditions for the permission to sale of Agricultural Land bearing Survey Number Khasra No. 432 (4-16) and 433(4-16), situated at village Quadipur, Delhi; c. direct the Liquidator to hand over physical possession of the Agricultural Land bearing Survey Number Khasra No. 432 (4-16) and 433(4-16), situated at village Quadipur, Delhi; and d. permit the Applicant, being the secured cred....

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....3 of the Code, and act as per the provisions of law." 4. Learned Counsel for the Appellant submits that there is no adjudication with regard to prayer 'a' where claim of Rs. 29,34,54,879.59/- was raised and further the Appellant was not liable to pay any fee with regard to the securities which are out of Liquidation Process as opted by the Appellant. 5. Learned Counsel for the Liquidator submits....

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....y State Bank of India. In so far as the payment of Liquidator's Fee in paragraph 13 as noted above, Adjudicating Authority has disposed of the application with the direction to make payment of Liquidator's Fee and ensure compliance of Regulations 2(ea), 2A, 21A, 37 of the Liquidation Regulations and Section 52/53 of the Code. The order passed by the Adjudicating Authority does not warrant any inte....