2020 (3) TMI 88

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..... tate Bank of India objected this arrangement only on the ground that the successful bidders did not pay even first installment as per time schedule - HELD THAT:- We have accepted and approved bid of the applicant. They were only bidders and they have offered an amount more than the liquidation value of the Corporate Debtor. We also consider the fact that the Corporate Debtor must be made operation .....

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..... hatterjee, Shaunak Mitra, Kanishk Kejriwal, Abhisek Barun Das, B.K. Sen, Pranit Roy, Ms. Manu Bhuteria, Uttam Sharma, Vaibhav Mahajan, Shaleen Dubey, Rajesh Choubey, Ajay Gaggar, and Ramanuj Ray Chaudhuri, Advs. for the Appearing Parties. ORDER M.B. Gosavi, 1. Vide order dated 25.09.2019, we approved and accepted bid of M/s. Sova Electricals Limited, M/s. Typhoon Finance Services Pv .....

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..... porate Debtor can be made operational upon their paying first installment. Ld. Counsel for State Bank of India objected this arrangement only on the ground that the successful bidders did not pay even first installment as per time schedule. 4. Ld. Liquidator agreed the above arrangements subject to condition that successful bidders pay first installment within 3 days. 5. We have accepted and .....

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