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TMI Blog2019 (12) TMI 1568X X X X Extracts X X X X X X X X Extracts X X X X ..... ORDER P.C. : Heard learned Counsel for the respective parties. 2. The petitioner has filed this Petition for the following reliefs. "A. The Hon'ble Court may kindly issue writ of mandamus and any other appropriate writ and/or direction and/or order and thereby direct the Respondent No.3 to remove the seal & release the said property of the Petitioner No.2 including the Godown No. 7 and all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation for expression of interest in Form - G and thereafter appointed respondent No.5 as a Resolution Professional. 4. In a proceeding before NCLT, petitioner No.1 purchased the factory of petitioner No.2. Under the said proceedings, Rs. 67,61,06,870.10/- is to be deposited as per schedule. 5. In the present case, we are concerned with the provident fund dues. NCLT, having considered the respond ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat petitioner No.1 is ready and willing to deposit the amount of Rs. 40,77,899/- within a period of one week from today and rest of the amount will be deposited on or before 10/07/2020. Statement is accepted. 8. Shri Sureshkumar learned Counsel for respondent No.3 submitted that petitioner No.2 owes provident fund dues to the tune of Rs. 23 crores approximately. He submits that respondent No.3 p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... time. We grant the request. We defer the hearing of this Petition to 09/01/2020. Till then, by way of ad-interim relief, we pass following order. ORDER i) Respondent No.3 is directed to remove the seal by tomorrow affixed on the property of the petitioner No.1 taken over by petitioner No.2 under NCLT order dated 11/11/2019. ii) Petitioner No.1 shall deposit with respondent No.2 an amount of R ..... X X X X Extracts X X X X X X X X Extracts X X X X
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