2021 (9) TMI 1520

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n'ble Member (Technical) For the Applicant : Mr. Ramji Srinivas, senior advocate with Rajive R. Raj, adv for CoC. For the Respondent : Mr. Krishnendu datta, Sr. Adv. with Mr. Prateek Kumar, Ms. Raveena Rai Advocates for Successful Resolution Applicant Mr. Ravindra Loonkar, RP Mr. Puneet Rai, Sr. Standing Counsel and Ms Adeeba mujahid Jr Standing Counsel for Income Tax Dept. Mr. Nakul Dewan S....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....esolution Plan Applicant is bidding with the amounts very close to that of fair value as projected in the Resolution Plan. In view of the same, with the powers vested in this Bench, we order the revaluation of the assets of the company by the experts under the supervision of the Official Liquidator, Ministry of Corporate Affairs, in-charge of this particular area, under whose jurisdiction the comp....