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2022 (1) TMI 1406

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..... RIBUNAL, NEW DELHI - AT
Dated:- 19-1-2022
Company Appeal (AT) (Insolvency) No. 845 of 2021 With Company Appeal (AT) Insolvency No. 1034 of 2021 - -
Insolvency & Bankruptcy
[Justice Ashok Bhushan] Chairperson And (Dr. Ashok Kumar Mishra) Member(Technical) For the Appellant : Mr. K. Datta, Sr. Advocate along with Mr. Prateek Kumar, Ms. Smriti Nair & Ms. Mehak Khurana, Advocates. For th .....

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..... details within three weeks from the date of the receipt of the order and also directed to 'Resolution Professional' (RP) to file the two valuations reports obtained by him before the next date of hearing and matter was posted to 05.10.2021 for further consideration and on 05.10.2021 getting no reports, the Adjudicating Authority heard the same CP(IB) - 170(PB)/2018 and directed the RP to submit al .....

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..... CD (ACIL Limited) the amount claimed is of Rs. 1830/- Crore approx., amount admitted is Rs. 1782 /- Crore approx. and amount provided under the plan is Rs. 105/- Crore approx. so haircut is approximately 94 to 99% for the different classes of the creditors (appearing at page 280-281 of the Appeal paper book). Fair value is Rs. 130 Crore approx. and Liquidation Value is Rs.  .....

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..... visions of the Code and the law laid down. If some suspicion arises on hair cut of 94 to 99%, it has to satisfy itself. 6. It appears from para 7.4 of CA(AT) (Ins) No. 1034 of 2021 that the two registered valuers so appointed by the RP has submitted their report on 11.02.2019 and 14.02.2019 but on 24.06.2019 it came to the knowledge of the RP that the Land bearing plot /site No. GH38 (L .....

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