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TMI Blog2022 (2) TMI 1127X X X X Extracts X X X X X X X X Extracts X X X X ..... the Hon'ble Apex Court for filing appropriate application. It is submitted that the time for removal of equipments as granted by the Hon'ble Apex Court is going to expire on 19.02.2022. In normal circumstances though this Adjudicating Authority have all powers to pass appropriate orders/directions with regard to all matters concerning with CIRP or Liquidation of Corporate Debtor, however, since, the instant application is filed seeking extension of time granted by the Hon'ble Apex Court, the Liquidator is required to approach the Hon'ble Apex Court only if she is advised to seek any extension of time or in any manner to modify the order of Hon'ble Apex Court - application disposed off. - I.A. No. 56 of 2022 in CP (I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Corporate Debtor and handover the respective premises to the said Respondents. These Applications were dismissed by order dated 04.01.2021. Aggrieved with the said order, the Respondent Nos. 1 2 filed W.P. Nos. 3729 and 3731 of 2021 before the Hon'ble High Court of Karnataka. By a common order dated 28.04.2021, the Hon'ble High Court of Karnataka directed the RP to remove the medical equipments and hand over possession of the property to the Respondent Nos. 1 2 within eight weeks from the date of receipt of the copy of the said order. Aggrieved by the said common order dated 28.04.2021, the RP preferred Special Leave Petitions bearing S.L.P.(C) Nos. 7994 7995 of 2021 before the Hon'ble Supreme Court and vide order dat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... olution for funding the expenses for shifting of the equipments of the Corporate Debtor. On the other hand in its 18th Meeting held on 06.11.2021 resolved with the requisite majority of voting for commencing of the liquidation process in respect of the Corporate Debtor. Accordingly, vide order dated 31.01.2022 this Adjudicating Authority in I.A. No. 355 of 2021 passed order for Liquidation of the Corporate Debtor and appointed Smt. Ramanathan Bhuvaneshwari as Liquidator in place of Mr. K.N. Ravindra, the RP. In terms of the said order the Liquidator took charge on 07.02.2022 and commenced the Liquidation Process. However, since unless the claims are collated and Financial Creditors are determined there is no chance of seeking contribution o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eriod, i.e. till the Liquidator approach the Hon'ble Apex Court for filing appropriate application. It is submitted that the time for removal of equipments as granted by the Hon'ble Apex Court is going to expire on 19.02.2022. 8. In normal circumstances though this Adjudicating Authority have all powers to pass appropriate orders/directions with regard to all matters concerning with CIRP or Liquidation of Corporate Debtor, however, in our considered opinion, since, the instant I.A. is filed seeking extension of time granted by the Hon'ble Apex Court, the Liquidator is required to approach the Hon'ble Apex Court only if she is advised to seek any extension of time or in any manner to modify the order dated 20.10.2021 in S. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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