9911796707
TMI Blog2022 (3) TMI 757X X X X Extracts X X X X X X X X Extracts X X X X ..... ncerned of ₹ 29,34,54,879.59/- it has been admitted by the Liquidator the said claim is the claim admitted in the Liquidation Process and no further adjudication was called for with regard to the said claim - In the present case, the admission of the claim is not sought to be challenged by State Bank of India. In so far as the payment of Liquidator s Fee, Adjudicating Authority has disposed of the application with the direction to make payment of Liquidator s Fee and ensure compliance of Regulations 2(ea), 2A, 21A, 37 of the Liquidation Regulations and Section 52/53 of the Code. The order passed by the Adjudicating Authority does not warrant any interference - Appeal dismissed. - Company Appeal (AT) (Insolvency) No. 151 of 2022 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to hand over physical possession of the Agricultural Land bearing Survey Number Khasra No. 432 (4-16) and 433(4-16), situated at village Quadipur, Delhi; and d. permit the Applicant, being the secured creditor, to sell/realize the above-mentioned Mortgaged Property, under the aegis of this Hon ble Tribunal; and e. pass any other or further orders as this Hon ble Court may deem fit and proper in the interest of justice and equity. 3. The Adjudicating Authority has referred to Regulations 2(ea), 2A, 21A, 37 of the Liquidation Regulations and Section 52/53 of the Code in paragraph 13 and has passed following order: 13.As the Respondent has no objection in allowing the application subject to compliance of Liquidation Regula ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of India. In so far as the payment of Liquidator s Fee in paragraph 13 as noted above, Adjudicating Authority has disposed of the application with the direction to make payment of Liquidator s Fee and ensure compliance of Regulations 2(ea), 2A, 21A, 37 of the Liquidation Regulations and Section 52/53 of the Code. The order passed by the Adjudicating Authority does not warrant any interference. What was directed was as per Liquidation Regulation 21A as extracted in Paragraph 10 of the Judgment from which it is clear, even if the secured creditor proceeds to realise its security interest it is liable to pay fee as contemplated under Regulation 21A (2)(a). The Adjudicating Authority has only directed the Applicant to follow the regulations as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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