TMI Blog2021 (5) TMI 679X X X X Extracts X X X X X X X X Extracts X X X X ..... ant Liquidator, has already been transferred to the account of the Corporate Debtor which is being managed by the Liquidator. It has been stated that the SBI had made a payment of ₹ 32,54,53,666 on 20.04.2019 which included the amount of ₹ 4,60,24,276 which was attributable to the assets of the Applicant Company and the same was intimated by way of letter dated 02.01.2021. A copy of the letter has been attached. Hence, the grievance of the Applicant Liquidator as mentioned in the Petition has been redressed, and hence this Application becomes infructuous. Petition is dismissed as infructuous. - I.A. No. 446 of 2021 in C.P. (IB) No. 20/BB/2017 - - - Dated:- 11-3-2021 - Rajeswara Rao Vittanala, Member (J) And Ashutosh Chand ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Professional and Committee of Creditors to revive the Corporate Debtor by way of Resolution Plan did not succeed and thus there was no other alternative and the Adjudicating Authority has passed the Liquidation order on 06.07.2018 and Mr. Ravindra Beleyur was appointed as Liquidator. 2) The proposed Respondent No. 1 is the Secured Financial Creditor of the Corporate Debtor who had submitted its claim to the Liquidator for an amount of ₹ 69,15,58,632/- in the Liquidation process as per Regulation 18 of the IBBI(Liquidation Process) Regulations, 2016 and informed their decision to the Liquidator/Applicant regarding realization of their security interest under Section 52 of the IBC, 2016 read with Regulation 21A of IBBI(Liquidation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of hearing, Mr. Shivarama Krishnan, Ld. Counsel for the Respondent 1, State Bank of India informed that the GST collected on account of the sale of various assets, as mentioned in the Application and whose transfer to the account of Corporate Debtor has been sought by the Applicant Liquidator, has already been transferred to the account of the Corporate Debtor which is being managed by the Liquidator. It has been stated that the SBI had made a payment of ₹ 32,54,53,666 on 20.04.2019 which included the amount of ₹ 4,60,24,276 which was attributable to the assets of the Applicant Company and the same was intimated by way of letter dated 02.01.2021. A copy of the letter has been attached. Hence, the grievance of the Applicant Liq ..... X X X X Extracts X X X X X X X X Extracts X X X X
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