2025 (12) TMI 36

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.... We find sufficient cause shown in the application for condonation of delay. Delay condoned. I.A. No.6192 of 2025 is disposed of. 2. I.A. No. 6190 of 2025: This is an application praying for condonation of delay of 36 days. Learned counsel for the Appellant submits that after defect list was issued on 03.09.2025, counsel started collating the documents for refiling. Appeal being voluminous in nature the documents required to be collated and shared. We find sufficient cause shown in the application for condonation of delay. Refiling delay is condoned. I.A. No.6190 of 2025 is disposed of. 3. This appeal has been filed by the Appellant - the Liquidator challenging the order dated 04.07.2025 by which I.A. No. 155/GB/2024 filed by the Liqu....

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....ext six months  thereafter Amount of Realisation (exclusive of liquidation costs) On the first 1 crore 5 3.75 1.88 On the next 9 crore 3.75 2.80 1.41 On the next 40 crore 2.50 1.88 0.94 On the next 50 crore 1.25 0.94 0.51 On further sums realized 0.25 0.19 0.10 Amount Distributed to Stakeholders On the first 1 crore 2.50 1.88 0.94 On the next 9 crore 1.88 1.40 0.71 On the next 40 crore 1.25 0.94 0.47 On the next 50 crore 0.63 0.48 0.25 On further sums distributed 0.13 0.10 0.05 [Clarification: For the purposes of clause (b), it is hereby clarified that where a liquidator realises any amount, but does....