TaxTMI 
TaxTMI 
2023 (4) TMI 1493
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.... IA-1253/2023 1. Mr. Nipun Singhvi a/w Mr. Kamil Lokhandwala, Ld. Counsel for the Applicant/RP present. Mr. Dheeraj Garg, Ld. Counsel for the Resolution Applicant present. 2. The Applicant draws our attention that this Bench appears to have missed to update the contents of Resolution Plan, in accordance with affidavit dated 30.11.2022, 20.01.2023 & 14.02.2023 filed by the Applicant in pur....
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....ead as part and parcel of the order dated 21.03.2023. a. In paragraph 2.15 of the order dated 21.03.2023, the following words shall be inserted in the last. "Pursuant to this, the Resolution Applicant has paid Rs. 7,80,00,000/- by way of cheque, which relying in fixed deposited account, and Rs. 20,00,000/- as earnest money. Accordingly, there is no contingency as to non....
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....is displayed in the books of account as contingent claims and which are admitted by RP as notional value amount of Rs. 1/-against which Resolution Applicant has proposed to discontinue the litigations post the approval of the Resolution plan and treated as conclusion of the pending proceedings) 1,00,00,000/- 6. Operational Creditors - Non-government (on prorate basis including any ad....
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....f Rs. 11,23,941/- and Rs. 2,14,17,122/- has been set aside from the contingency fund for payment to Deputy Commissioner of Commercial Tax (Audit) Bangalore and Principal Commissioner of CGST and C. Excise, Mumbai South". e. In paragraph 4.1 of the order dated 21.03.2023, the following words appearing from 17th line "hence," till "04.07.2018" appearing in 22nd line shall be subst....