NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Justice Ashok Bhushan (Chairperson) , Hon'ble Mr. Barun Mitra (Member (Technical)) ,
CFM ASSET RECONSTRUCTION PRIVATE LIMITED – Appellant
Versus
SS NATURAL RESOURCES PRIVATE LIMITED – Respondent
(HYBRID MODE)
08.12.2023:
I.A. No. 5262 of 2023:- This application has been filed by
Respondent No. 3 /Resolution Professional seeking modification in Paragraphs
4, 28, 30 (i) of the final Judgment dated 20.10.2023 in Comp. App. (AT) (Ins.)
No. 960 of 2023. In Paragraph xii of the application following prayers have
been made:-
“(a) The amount of INR 248,02,09,427/- may be modified
to 2,63,53,60,652/-
(b) The date till the interest of INR 14,94,28,383 on the
principal balance payable to the Appellant that has been
recorded as "10th July 2024" may be modified to
“10th July 2023".
(c) The stipulation that the amounts kept as Future
Litigation Fund shall be paid by the Successful Resolution
Applicant, should be deleted.”
2.
Learned Counsel for the Appellant Mr. Krishnendu Datta submits that
appellant has no objection for modification as prayed in Prayer (a) & (b).
-2-
3.
In view of the above, we allow the application and amount of INR
248,02,09,427/- is modified as 2,63,53,60,652/- and the date as mentioned in
Prayer (b) is modified as 10.07.2023. In so far as, prayer made in Prayer (c)
Mr. Krishnendu Datta is right in his submission that the said prayer seeks i
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.