2024 (10) TMI 1181

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....han ] Chairperson , [ Barun Mitra ] Member ( Technical ) And [ Arun Baroka ] Member ( Technical ) For the Appellant : Mr. Sumesh Dhawan, Mr. Saswat Kumar Acharya and Mr. Dhananjay Bhaskar Ray, Advocates. For the Respondents : Mr. Aditya Kumar and Ms. Ila Nath, Advocates for R-5. Mr. Pradeep Kumar Kar, Liquidator and Mr. Shashwat Anand, Advocate for R-1. Mr. Aditya Kanodia, Advocate for R-4. Mr....

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....d Counsel for the Appellant had contended that the Appellant is ready to deposit the balance amount of the Resolution Plan i.e., Rs.7.34 Crore. 5. On 18.09.2024, following Order was passed: "1. Ld. Counsel for the Appellant submits that the total amount under the plan was Rs. 9.84 Crore out of which Rs. 2.5 Crore was already paid and the balance amount Rs. 7.34 Crore could not be paid and for w....

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....pondent only wishes to reiterate the submission that was made by it before the learned adjudicating authority, and which was duly taken note of by the learned adjudicating authority in paragraph 2 of the impugned order, i.e., that the answering respondent does not have any objection in case the application seeking exclusion of time of approximately one year, which relates to the period when Compan....

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....sent as well as his Counsel submits that they have incurred liquidation expenses of Rs.10.5 Lakhs and Liquidator also claimed that they are entitled for the fee. 9. Learned Counsel for the other Financial Creditors also pray that amount be distributed as per the Plan. The entire amount has been deposited in the account of the Corporate Debtor, Liquidator shall distribute the amount to the Credito....