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2022 (5) TMI 915 - Tri - Insolvency and BankruptcySeeking revision of timeline for completion of the works of dismantling, removing and lifting of the plant and machinery from Block B of the Lanco Babandh Power Limited - effective and peaceful possession of the site without any hindrances - HELD THAT:- In view of the averments made both by the Applicant and the Learned Liquidator, it is observed that due to unruly incidents of trespass and assault on the security personnel deployed at the power plant premises of the Corporate Debtor, the Applicant has not been able to avail peaceful possession of the Plant and Machinery purchased through public auction conducted by the Liquidator, until the issue was resolved with the help of the officers of the District Administration and the Police authorities on the basis of our order in IA 600/2021. It is admitted by the Liquidator that the matter was finally resolved on 09.11.2021 with the help of the District Magistrate and SP of Dhenkanal district. The period of 9 months for dismantling and removal of the plant & machinery by the Applicant shall be computed from the date of handing over of peaceful possession of the site by the Liquidator - Application disposed off.
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