2022 (4) TMI 9

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....sion to carry out the sale of the Corporate Debtor, as a going concern. The prayer in this application is as follows: "(a) Allow the present Application under Sections 35(1)(N) & 60(5)(C) of The Insolvency & Bankruptcy Code, 2016 read with Regulation 44(2) Of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016; and (b) Permit the Liquidator to carry out the sale of the Corporate Debtor as "going concern' in terms of Regulation 32A of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016: and issue such other/further order(s) or direction(s) as this Hon'ble Court may deem fit and proper in the interest of justice." 2. We have gone through the present app....

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....s held and sold during the liquidation process is at Para 8, 9, 10 and 11, which reads as below: "8. That Liquidation Estate of CD primarily consisted of three immovable) properties, i.e. CD's Corporate office at Gurugram, Haryana, Factory at Coimbatore, Tamil Nadu consisting of land & shed, plant & machinery and raw material and a property in semi-finished condition at Noida, UP. Post the valuations being conducted and the valuation reports received, the liquidator endeavored to auction and realize the properties. 9. That CD's Land & Semi-finished Building located at B-124, Noida Phase-II, Uttar Pradesh has been sold by E-auction to the auction purchaser Prestair Systems LLP on March 6, 2020 for Rs. 3,03,50,000/- ....