2019 (11) TMI 1772

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....airperson, [Justice Bansi Lal Bhat] Member (Judicial) and [Justice Venugopal M.] Member (Judicial) O R D E R In the Corporate Insolvency Resolution Process of 'S. K. Wheels Pvt. Ltd.', 'Amar Universal Private Limited' - 1st Respondent, who is landlord filed Miscellaneous Application for direction on Resolution Professional to handover the land to said landlord - 'Amar Universal Private Limit....

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....he claim filed by the 1st Respondent - Landlord. In view of the same, Miscellaneous Application filed by 1st Respondent - 'Amar Universal Private Limited' was allowed with direction to the Resolution Professional to handover the land to the 1st Respondent including the claim amount within one week with further direction to the Resolution Professional to pay a cost of Rs.1 Lakh to the 1st Responden....

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....the Resolution Professional has agreed to pay the rent. However, we are not inclined to give any direction to the Respondent of such. It is not disputed that the claim of the Respondent No. 1 was not decided by the Resolution Professional and no decision was communicated to the Landlord. 7. Further we find that as per Agreement, the Corporate Debtor was holding the vacant land for the purpose o....

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....irection at para 19 should be read as "pay the claim amount as raised by the Applicant for current period after initiation of the Corporate Insolvency Resolution Process". 10. The Resolution Professional will determine the claim of the 1st Respondent and communicate the same to the 1st Respondent and may approach the 1st Respondent - 'Amar Universal Private Limited' for renegotiation and settle....