2025 (4) TMI 1751

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....CHNICAL) AND ARUN BAROKA, MEMBER (TECHNICAL) For the Appellant : Mr. Krishnendu Datta, Sr. Advocate with Mr. Anish Agarwal, Mr. Tejas Agarwal and Mr. Pratik Chakma, Advocates For the Respondent : Mr. Rishi Kumar Singh Gautam, Advocate for R-2. Mr. Kartik Pandey, Advocate for R-1. ORDER Heard Learned Counsel for the Appellant. Learned Counsel appearing for the Respondent - Financial ....

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...., which application is pending. It is submitted that without there being defence of the Appellant - Corporate Debtor, the Adjudicating Authority has admitted Section 7 application. Learned counsel for the Appellant submits that to show his bonafide, the Appellant is ready to deposit amount of Rs.5 Crore before this Tribunal. Let the amount of Rs.5 Crore be deposited by way of Ban....

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....rder admitting Section 7 Application, RP had issued a publication invited claims. Learned Counsel for the RP submits that no claims have been received except the claim of Financial Creditor there are no other creditors in the Corporate Debtor. 5. Learned Counsel for the Appellant submits that in view of the fact that after the publication made by the RP no claims have come therefore, there are ....

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....d. The impugned order is set aside. The amount deposited in the registry under the orders of this Court shall be paid to the Respondent No. 1. 7. Learned Counsel for the Financial Creditor submits that they have already deposited Rs. 3,00,000/- the IRP to take care of his fee & expensed and the order having been stayed on 19.01.2024 no further steps had been taken place. In view of the aforesai....