2023 (12) TMI 1476

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....her, Ms. Ashutosh Dubey Dhiraj, Mr. Anshu Vachher, Mr. Abhiti VAchher, Mr. Akshat Vachher, Mr. Amit Kumar, Advs. for Ex- Management. Mr. Sanjay Poddar, Sr. Adv. with Mr. Parvesh Bansal and Mr. Rahul Bansal, Advs. in CO. APPL. 947/23. Mr. Dhruv Wadhwa, Adv. for applicant in CO. APPL. 628/22. Mr. A. K. Kohli, with Mr. Ankush Sharma, for respondent in CO. APPL. 174/2018. Mr. Rohit Priya Ranjan, Adv. in CO. APPL. 174/2018. Mr. Ankit Jain, Mr. Aditya Chauhan, Ms. Apurva Tragic, Ms. Tanisha Gopal, Advs. in CO. APPL. 216/2023. Mr. S. C. Sharma, Adv. for workmen in CO. APPLs. 696/2019 and 697/2015. Mr. Dinkar Singh, Mr. Rohit Singh, Advs. for ARCIL. Mr. Sangram Patnaik, Ms. Swayam Sidha Patnaik, Mr. M. K. Mathur, Mr. Ruchir Batra, Ms. Pushkar Anand....

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.... the other applications are concerned, the applicants/ workmen have not submitted their bank details and other verification documents before the OL. The OL is conducting the proceeding and the same would be decided in the ordinary course of business. CO. APPL. 1506/2018, CO. APPL. 1031/2019, CO. APPL. 677/2023 4. It is submitted by learned Senior Counsel for the OL that these applications have been moved on behalf of the Ex-Directors of the company (in liquidation). It is pertinent to mention that learned Predecessor Justice Sanjeev Narula vide order dated 19.07.2023 passed the following directions: (iii) OL is directed to resume disbursement of admitted dues to the first charge holders and workmen, as also the second charge ....

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....10. On perusal of OLR 121/2023, this Court finds that there are tabulated details which have been given by the Official Liquidator wherein the claims of the applicant/IDBI has been dealt with and it is indicated that the amount admitted on 1st charge was Rs. 4,74,33,075/- and an amount of Rs. 3,84,46,184/- has since been disbursed. It is then indicated in column No. 4 that an amount of Rs. 89,86,891/- has not been paid for want of I-Bond and bank details. 11. This Court finds that there is no merit in the present application. If there was any grievance pursuant to order dated 01.08.2023 passed by this Court, the applicant was well within its right to file a statutory appeal under Section 164 of the Companies (Court) R....

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....is an independent cause of action and dispute between the guarantors and the bank i.e. IDBI Bank. 18. Hence, no orders are called for on this application. The same is accordingly dismissed with liberty to the applicant to pursue other remedies, in law, if so provided. CO. APPL. 658/2021 19. Learned counsel for the Employee's Provident Fund Organisation (EPFO) appearing through video conferencing submits that the department has filed an affidavit in terms of the directions of this Court dated 01.08.2023. However, the same is lying in objections with the Registry. 20. Let the objections be cleared and the affidavit be placed on record. Further, the soft copy of the affidavit be supplied to the learned Senior Standing Counsel for t....