TMI Blog2020 (1) TMI 1180X X X X Extracts X X X X X X X X Extracts X X X X ..... llate Tribunal will consider the rest of the proposal as made in paragraph 7, and quoted above and will pass appropriate order - Place these appeals for orders on 17th February, 2020 before the 1st Bench on the top of the list. - Company Appeal (AT) (Insolvency) No. 724 of 2019, 725 of 2019, 870 of 2019 - - - Dated:- 22-1-2020 - Justice S.J. Mukhopadhaya, Chairperson, Justice Bansi Lal Bhat, Member (Judicial) AND Justice Anant Bijay Singh, Member (Judicial) For Appellants: Mr. Virendra Ganda, Sr. Advocates with Mr. Arvind Kumar Gupta, Ms. Henna George, Ms. Adya and Ms. Areeca, Advocates, Mr. Sidhartha Sharma, Ms. Sreenita Ghosh, Mr. Arjun Asthana and Mr. Sumit Bihari, Advocates for Liquidator. For Respondents: Mr. Joy Saha, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t/Resolution Applicant Company and I say that I am fully conversant with the facts and circumstances of the case and am duly empowered and competent to swear and affirm this affidavit. 2. I state that the information is based on the record of Resolution Applicant Company and information received and believed to be true and correct from the said record. The legal submissions are based on legal advice received and believed to be true and correct. 3. I state that I have obtained instructions from the Resolution Applicant Company being Liberty House Group Pte. Ltd. (hereinafter called as Liberty House / Resolution Applicant ) and accordingly, I am filing the instant affidavit. 4. I state that the Resolution Plan in the matter of Adhu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c. as per the Resolution Plans and for taking over control, management operations of Adhunik Zion. iii. The CoC, Monitoring Committees, Managing Agency, Resolution Professionals and/or, Liquidators (and/ or any persons working for them) shall handover all the statutory records, operations, assets, land, plant machinery, documents, books, control, management etc. of Adhunik and Zion within two days after the deposit and shall Co-operate with Liberty House to implement all other steps of the Resolution Plans. iv. Simultaneously, the CoC should deposit the signed and executed Deed of Debt Assignment of both Adhunik Zion as per agreed format with the Registrar, NCLAT for simultaneous exchange as per Resolution Plans. v. NCLAT c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es) (₹ 410 less by ₹ 50 crores already deposited) as per approved resolution plan of Adhunik Metaliks Ltd. and ₹ 10 crores (Rupees Ten Crores) (₹ 15 Crores less by 5 crores already deposited) as per approved resolution plan of Zion Steel Ltd. as full and final settlement towards the Financial Creditors / Lenders of the resolution plan(s) respectively by 14th February, 2020 in the account of the State Bank of India , which is the lead bank. 5. The Liberty House Group Pte. Ltd. is also directed to deposit additional ₹ 10 crores (Rupees Ten Crores) in terms of their undertaking as given at paragraph 7(vii) by the same date i.e. 14th February, 2020 in the account of the State Bank of India , the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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