2026 (1) TMI 697

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.... to our notice that before the National Company Law Tribunal, Calcutta Bench, it has been recorded as under: "1. This Adjudicating Authority convened through hybrid mode. 2. IA(IBC/4(KB)2025- is an application filed Under Regulation 45(3) of the IBBI (Liquidation Process) Regulations, 2016 relevant provisions of the Insolvency and Bankruptcy Code, 2016 by the Liquidator of EMC Limited, the Corporate Debtor, seeking following reliefs: i. The applicant requests the Hon'ble Adjudicating Authority to consider this Final Report along with Form 'H' and take the same on record. ii. To pass necessary orders for the Closure of the Liquidation Process as the Company has been sold as a going concern: Brief ....

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....ertificate in favour of the Successful Auction Purchaser and handed over the effective control and management of the operations of the CD of the successful auction purchaser. 6. The successful auction purchaser filed an application seeking certain reliefs and waivers akin to resolution plan which was allowed by the Adjudicating Authority. Another application was filed by the Liquidator to obtain injunction from invocation of the bank guarantees by Power Grid and the same is pending for adjudicating post granting of stay by Hon'ble NCLAT with regard to payment by banks against the invoked bank guarantees. 7. The Liquidator also realized CIRP and Liquidation costs from secured creditors who have not relinquished their securi....

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....ll the compliances as required under law in this regard have been made and there is no impediment in dissolving the corporate debtor. We order accordingly. 12. The Liquidator shall stand discharged from his responsibilities, subject to all procedural compliances. 13. IA(IBC)4/(KB)2025 is allowed with the above directions are hereby disposed of accordingly. 14. The Registry is directed to send e-mail copies of the order forthwith to all the parties and their Ld. Counsel for information and for taking necessary steps. 15. Certified Copy of this order may be issued, if applied for, upon compliance of all requisite formalities. 16. CP(IB)/1237(KB)2018 is also disposed of accordingly. 17. Fil....