2024 (11) TMI 552

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....Kumar Bhatia, Mr. Mayank Singhal, Mr. Utkarsh Aswal, Mr. Mukul Bansal, Advocates for Liquidator ORDER ( Hybrid Mode ) Heard learned counsel for the Appellant as well as learned counsel appearing for the Liquidator. This appeal has been filed against order passed by the Adjudicating Authority dated 03.04.2024 in IA No.147/2022 by which the Adjudicating Authority has allowed the application filed by the Liquidator for refund of the security amount of Rs.1,04,00,000/-. Aggrieved by the order appeal has been filed by Paschimanchal Vidyut Vitran Nigam Ltd. 2. Learned counsel for the Appellant challenging the order submits that on commencement of the liquidation the Appellant has filed a claim on 24.12.2021 to the Liquidator for a tot....

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.... was filed by the Appellant as Annexure A-3 is as follows: "SCHEDULE II FORM C PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES (Under Regulation 17 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016) 24-12-2021 To The Liquidator Sh Sandeep Goel Insolvency Professional Regd. Office-410, Pratap Bhawan 5, Bahadur Shah Zafar marg. New Delhi-110002 Regd [email protected] From Anil Kumar Verma Executive Engineer Electricity urban Distribution Division III Pvval Muzaffarnagar-251001 [email protected] Subject: Submission of pr....

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....   6.   DETAILS OF HOW AND WHEN DEBT INCURRED   Consumer Ms Choudhry Ingot Pvt. Ltd. did not pay their electricity bill dues   7.   DETAILS OF ANY MUTUAL CREDIT, MUTUAL DEBTS, OR OTHER MUTUAL DEALINGS BETWEEN THE CORPORATE DEBTOR AND THE OPERATIONAL CREDITOR WHICH MAY BE SET-OFF AGAINST THE CLAIM   NONE   8.   DETAILS OF ANY RETENTION OF TITLE IN RESPECT OF GOODS OR PROPERTIES TO WHICH THE DEBT REFERS OR ANY OTHER SECURITY   Security Amount Adjusted in Claim   8A.   WHETHER SECURITY INTEREST RELINQUISHED   Yes/ No (for secured creditor)   9.   DETAILS OF ANY ASSIGNMENT OR TRANSFER OF DEBT IN....