Case Law Details
Liberty House Group Pte. Ltd. Vs State Bank of India & Ors. (NCLAT Delhi)
Mr. Virendra Ganda, learned Senior Counsel for the Appellant(s) submits that the amount in terms of the earlier order dated 21st January, 2020 has been paid. Mr. Joy Saha, learned Senior Counsel appearing on behalf of ‘Committee of Creditors’ has also accepted the same.
In view of the development, the order of ‘Liquidation’ is stayed and the ‘Liquidator’ will function as ‘Resolution Professional’.
The only question, which is required to be determined, is about the ‘corporate insolvency resolution process cost’. According to the Appellant, it has already paid the amount. The table of payments have been provided by the Appellant, which is as follows:
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