2021 (9) TMI 1520

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..... Professional, is not convinced that the fair value of the assets have been projected in the proper manner. It is also surprising that the Resolution Plan Applicant is bidding with the amounts very close to that of fair value as projected in the Resolution Plan. In view of the same, with the powers vested in this Bench, it is ordered that the revaluation of the assets of the company by the experts .....

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..... Successful Resolution Applicant Mr. Ravindra Loonkar, RP Mr. Puneet Rai, Sr. Standing Counsel and Ms Adeeba mujahid Jr Standing Counsel for Income Tax Dept. Mr. Nakul Dewan Senior Advocate, Mr. Abhishek Sharma, Ms Ashly Cherian, Ms. Anisha Mahajan, Mr. Sambit Nanda- Advocates for Resolution Professional. ORDER This is an application filed for approval of the Resolution Plan. It is stated .....

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..... f the company by the experts under the supervision of the Official Liquidator, Ministry of Corporate Affairs, in-charge of this particular area, under whose jurisdiction the company is situated. This application for the approval of the Resolution Plan is kept in abeyance and the Official Liquidator is directed to provide the exact figures/value of the assets and exact valuation details within thre .....

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