2022 (3) TMI 1486

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....n has become infructuous owing to subsequent events. 3. Accordingly, this IA/481/IB/2020 stands dismissed as infructuous. 4. Counsel on Record for the Applicant Mr. Varun Srinivasan is represented by Ld. Counsel Ms. S. Vinithra. Ld. Counsel Mr. B. Dhanaraj for the Liquidator/Respondent is present. 5. It is stated by the counsel Ms. S. Vinithra and Mr. B. Dhanaraj that this application has become infructuous owing to subsequent events. 6. Accordingly, this IA/512/IB/2020 stands dismissed as infructuous. 7. The Applicant is represented by Ld. Counsel Mr. Vivek Menon. Ld. Counsel Mr. B. Dhanaraj for the Respondent/Liquidator is present. 8. This application is filed seeking relief as below: "i. Direct the Resolution P....

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....rsons in the presence of the Liquidator Sri Sadasivam Ramakrishnan. The Advocate Commissioner will be paid a sum of Rs. 2,50,000/- (Rupees Two Lakhs Fifty Thousand only) by the Applicant. The possession to be handed over within seven days on receipt of this order through the Advocate Commissioner to the Applicant. 11. The liberty is given to the Applicant to claim any other amounts duly receivable in accordance with law. 12. Accordingly, this 1A/1053/IB/2020 stands allowed. 13. Ld. Counsel Mr. B. Dhanaraj for the Applicant/Liquidator is present. Ld. Counsel There is no representation for R1 (DCB Bank Ltd.). 14. This application is filed relief as below: "a. Pass an order directing the 1st Respondent Bank to make payment....

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....irty Four only) towards the outstanding dues of the Corporate Debtor, without informing the Consortium of Bank represented by the 2nd Respondent Lenders Agent and the Corporate Debtor then represented by the 3rd Respondent. Details of Adjustments as per the 1st Respondent's Consolidated Statement of Account, is produced below for ready reference: S.NO. PARTICULARS SANCTIONED AMOUNT OUTSTANDING AMOUNT (as on 01.12.2018) ADJUSTED AMOUNT ADJUSTED ON 1. Cash Credit 7,70,00,000.00 7,69,22,085.20 7,69,22,085.20 19.12.2018 2. Other Secured Loan 3,00,00,000.00 3,13,73,120.00 3,13,73,120.00 19.12.2018 3. Bills Facilities 45,50,000.00 45,50,000.00 45,50,000.00 19.12.2018 &....