2022 (4) TMI 1039

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....y & Bankruptcy<br>Ashok Kumar Borah, Member (J) And Anil Kumar B., Member (T) For the Appellant : A.G. Satyanarayana, Advocate ORDER Ashok Kumar Borah , Member ( J ) 1. This IA(IBC)/25/KOB/2022 has been filed under Section 35 of IBC, 2016 read with Rule 11 of NCLT Rules, 2016 by the Liquidator of the Corporate Debtor in the matter of M/s. Raihan Healthcare Private Limited, seeking the ....

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....3 and 34 of the IBBI (Liquidation Process) Regulations, 2016 on 24.02.2020. 5. It is also stated that an-Auction sale notice was published on 29th February, 2020 for selling the company as a Going Concern but the same was held back due to nationwide Covid-19 pandemic. It is further stated that the Liquidator is receiving enquiries for purchase of the Corporate Debtor as a going concern. But the....

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....fter physical verification of the assets. Thereafter on 20.09.2021 the Corporate Debtor received a letter No. H1-7081/21 dated 11.09.2021 from the Secretary of Erattupetta Municipality regarding the termination of the agreement from 07.09.2021 for running the Hospital premises of Corporate Debtor for Covid-19 care purposes. It is also stated that on termination and handover of the assets, physical....

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....ble to the Corporate Debtor by the Respondent is Rs. 19,57,637/- (Rupees Nineteen Lakhs fifty-seven thousand six hundred and thirty-seven only). It is also stated that a legal notice demanding the above payment was also issued to the Respondent on 04.12.2021. However, they did not make any payment to the Corporate Debtor in this regard. Therefore, the present application has been filed under Secti....