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2022 (10) TMI 932 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHIDirection to hand over the vehicle i.e. Mercedes Benz GL 350 CDI EXE, Chassis No. WDC 1668236M007698 Engine No. 64282641701034 with Registration No. HR26CQ0196 within a week to the Resolution Professional - vehicle was taken on loan, and claim of bank is admitted by Resolution Professional - HELD THAT:- In view of the admitted facts that the vehicle in question was taken on loan granted by HDFC Bank - Respondent No. 1 by Corporate Debtor - Homestead Infrastructure Development Pvt. Ltd. and said vehicle used by the Appellant and further taking into fact that the loan amounting of Rs. 25,84,123/- has not been paid and the claim of the Bank - Respondent No. 1 which is admitted by the Resolution Professional - Respondent No. 2, therefore, the Adjudicating Authority has rightly passed the impugned order. The impugned order passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi, Court-II) is hereby affirmed - Appeal dismissed.
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