2022 (10) TMI 524

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....rned Counsel appearing for the 'Appellant' / 'Resolution Applicant', Mr. M.L. Ganesh, the Learned Counsel appearing for the 2nd Respondent / State Bank of India (Sole Member of the Committee of Creditor) and Mr. T. Ravichandran, the Learned Counsel for the 3rd Respondent / Liquidator. 2. According to the Learned Counsel for the 'Appellant' / 'Suspended Director of M/s. Leo Primecomp Pvt. Ltd.' / 'Resolution Applicant', the 'Adjudicating Authority' (National Company Law Tribunal, Special Bench - II, Chennai) in IA/196(CHE)/2022 in IBA/578/2019 had passed an 'Order' of 'Liquidation' on 06.06.2022 by 'Appointing' the 'Liquidator' in respect of the 'Corporate Debtor', to carry out the 'Liquidation Process', subject to the 'Directions', issued ....

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....Committee of Creditor), the Learned Counsel for the 'Appellant' prays for an 'Order' being passed by this 'Tribunal' to set aside the 'Order' of 'Liquidation' dated 06.06.2022 in IA/196(CHE)/2022 in IBA/578/2019 passed by the 'Adjudicating Authority' (National Company Law Tribunal, Special Bench - II, Chennai). For this relief being sought for by the Appellant, there is 'no objection' on the side of the 2nd Respondent / State Bank of India (Sole Member of the Committee of Creditor) and on behalf of the 3rd Respondent / Liquidator respectively. 6. In view of the fact that the 'Appellant' had 'Remitted' a total sum of Rs.72 Crore to the 2nd Respondent / State Bank of India (Sole Committee of Creditor Member), in 'Terms of Settlement', and th....