Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2022 (4) TMI 1039

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rah, Member (J) And Anil Kumar B., Member (T) For the Appellant : A.G. Satyanarayana, Advocate ORDER Ashok Kumar Borah , Member ( J ) 1. This IA(IBC)/25/KOB/2022 has been filed under Section 35 of IBC, 2016 read with Rule 11 of NCLT Rules, 2016 by the Liquidator of the Corporate Debtor in the matter of M/s. Raihan Healthcare Private Limited, seeking the following reliefs:- * "That this Ld. A .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s, 2016 on 24.02.2020. 5. It is also stated that an-Auction sale notice was published on 29th February, 2020 for selling the company as a Going Concern but the same was held back due to nationwide Covid-19 pandemic. It is further stated that the Liquidator is receiving enquiries for purchase of the Corporate Debtor as a going concern. But the same is possible only after disposal of MA/76/KOB/2020 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 20.09.2021 the Corporate Debtor received a letter No. H1-7081/21 dated 11.09.2021 from the Secretary of Erattupetta Municipality regarding the termination of the agreement from 07.09.2021 for running the Hospital premises of Corporate Debtor for Covid-19 care purposes. It is also stated that on termination and handover of the assets, physical verification was conducted. On completion of the verif .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 7,637/- (Rupees Nineteen Lakhs fifty-seven thousand six hundred and thirty-seven only). It is also stated that a legal notice demanding the above payment was also issued to the Respondent on 04.12.2021. However, they did not make any payment to the Corporate Debtor in this regard. Therefore, the present application has been filed under Section 35 read with Rule 11 of IBC, 2016 seeking a direction .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... housand-six hundred and thirty-seven only) together with interest @ 6% till the date of realization of dues, within a period of two weeks from the date of receipt of this order. 9. With the above direction this IA(IBC)/25/KOB/2022 is disposed of. Registry is directed to communicate a copy of this order to the Secretary, Erattupetta Municipality by mail and speed post/AD. Dated this the day of 30 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates