2022 (6) TMI 678

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the NCLT Rules, 2016. 2. That the Applicant/Liquidator has made the following main prayers in the IA No. 10/2022: "a) Pass an order directing respondent No. 1 (Total Airport Services (India) Private Limited) to refund Rs. 28,26,000/- (Twenty-Eight Lakh Twenty-Six Thousand) in the liquidation account of the corporate debtor along with interest 12% per annum for the delay in repayment; b) Pass an order directing respondent No. 2 (Sidhi Datri Hospitalities) to refund Rs. 10,00,000/- (Rs. Ten Lakhs) in the liquidation account of the corporate debtor along with interest @ 12% per annum, for the delay in repayment; c) Pass an order directing respondent No. 3 (SGS Traders Private Limited) to refund Rs. 4,10,500/- (Rs.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....or M/s. Khullar Hospitality Private Limited. That vide order dated 08.05.2019, this Adjudicating Authority had initiated the CIR Process against the Corporate Debtor. That further, the liquidation proceedings were initiated vide order dated 18.11.2019. 4. Through the present application, the Liquidator is seeking recovery of the dues of the Corporate Debtor from the respondents. That from perusal of averments made in the application, it is observed that the dues pertain to the period prior to the initiation of CIR process of the Corporate Debtor. 5. That the application has been filed under Section 60(5) of IBC, 2016 read with Rule 11 of the NCLT Rules, 2016. That in our considered view if any dues have to be claimed by the Corporate ....