Tribunals and CommissionsDivision Bench(2021) 10 NCLT CK 0408

Abhyudaya Co-Op Bank Ltd vs Shambhu Mahadev Suger & Allied Industries Ltd

National Company Law Tribunal · Decided on 4 October 2021

HON’BLE JUDGES
Ashok Kumar Borah, Member (Judicial) · Shyam Babu Gautam, Member (Technical)
CASE NUMBER
IA 3925/2019 In C.P.(IB)-3062(MB)/2018

CourtKutchehry membership

More clarity. Every judgment.

Download court copies, explore connected cases and make more of every research session.

Loading membership options…

CourtKutchehry membership

More clarity. Every judgment.

Download court copies, explore connected cases and make more of every research session.

Loading membership options…

Ask AI about this case

AI Structured Summary

Not yet generated for this judgment

Judgment

3 paragraphs · 225 words

ORDER

The matter is taken up through Virtual Hearing (VC).

I.A. No. 3925/2019: - Counsel, Ms. Krishna Baruah appeared for the RP/Applicant. The present application is filed by RP seeking order under Section 33(2) of the IBC Code, 2016, so as to put the Corporate Debtor Company (in liquidation) in the manner as prescribed under the provisions of IBC Code, 2016 and to appoint a liquidator in the matter. The Counsel appearing for the RP submits that there are no assets in the Corporate Debtor Company whatever assets were available have already been sold out by the earlier consortium holder of the Corporate Debtor Company. These actions of consortium holder have been challenged by the RP before Hon’ble High Court, Aurangabad Bench and is pending for adjudication. It is seen from the records that the fees of the RP to the tune of Rs. 13,34,924/-is still due and payable by the CoC in spite of the order dated 29.07.2021. The consequent members of the CoC were directed to share the fees of the RP proportionately and the same was required to be paid within a period of 15 days which has not been paid till date. The Counsel appearing for the RP and CoC are directed to file affidavit indicating the compliance of the order dated 29.07.2021. List this matter on 02.11.2021 for further consideration.