2021 (9) TMI 1552

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.... (JUDICIAL) AND DR. ALOK SRIVASTAVA MEMBER (TECHNICAL) For the Appellant: - Mr. AN Tiwari, Advocate For the Respondents: Mr. Rishav Banerjee, Advocate for R1. ORDER    Heard Ld. Counsel for the Appellant. He submits that the Appellant being a secured creditor in the liquidation process of the Corporate Debtor has intimated to the Liquidator to realize its asset over which it ....

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....n 06.01.2021, this clearly shows that no steps were taken by the Appellant for auction for about 15 months. Thereafter, about 8 months have been lapsed but, no steps have been taken by the Appellant to realize its security interest. 3. It is further submits that Sub Regulation (2) of Regulation 21-A of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 provides....