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TMI Blog2024 (8) TMI 1530X X X X Extracts X X X X X X X X Extracts X X X X ..... f proceeds - grievance of the Appellant is that now before the Adjudicating Authority the amount which was noticed by this Tribunal has crystallised is to be re-examined - HELD THAT:- The ends of justice would be served in issuing the Notice in the Appeal.
Let Reply be filed within two weeks. Rejoinder be filed within further two weeks. X X X X Extracts X X X X X X X X Extracts X X X X ..... hmedabad, Division Bench, Court - I) for directing for issuance of Sale Certificate and granted time to the State Bank of India (`SBI') and other Financial Creditors to file their objections with regard to distribution. Adjudicating Authority further directed the amount realized from the Auction Sale i.e., amount of Rs. 78 Crore for distribution be kept in interest bearing Fixed Deposit. 2. The A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ich was noticed by this Tribunal has crystallised in its Order dated 06.08.2024 is to be re-examined and on the objection of the SBI and the other Financial Creditors, hence the Appellant is aggrieved by the Order and has come up in this Appeal. 4. Learned Counsel for the Liquidator submits that the Liquidator in its Affidavit has proposed a payment of Rs. 39,30,54,422/- and Liquidator shall stil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. Mr. Bhatt has appeared on behalf of Auction Purchaser. Learned Sr. Counsel Mr. Abhijeet Sinha has appeared for the SBI and other Financial Creditors. No fresh Notice be issued. 10. Let Reply be filed within two weeks. Rejoinder be filed within further two weeks. List this Appeal on 25th September, 2024. We make it clear that this Order does not preclude the Adjudicating Authority to procee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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