ORDER

1. The present Application has been filed under Section 31 (4) and Section 60 (5) of the Insolvency and Bankruptcy Code 2016 (IBC) by M/s. Leesa Lifesciences Pvt Ltd (“erstwhile Corporate Debtor”) represented by and presently held under the management of Resolution Applicant, M/S PSN Medicare Pvt Ltd (“Successful Resolution Applicant/SRA”) seeking waiver of statutory dues as per demands made by the Respondents No.1 to 4 Applicant’s Case

2. This Authority has approved the Resolution Plan submitted by the Applicant on 18.10.2022 in Company Petition CP (IB) 744/7/HDB/2018 (Annexure – 1) and on account of successful takeover of the unit of the erstwhile Corporate Debtor, the Successful Resolution Applicant and the erstwhile Corporate Debtor are one and the same.

3. The Applicant deposited the entire Resolution Plan amount of Rs 1411 lakhs with IDBI: SR Nagar Branch, Hyderabad and accordingly the Resolution Professional after obtaining due permission from Implementation Committee, delivered all the moveable and immovable properties belonging to the Corporate Debtor on 2.12.2022 to the SRA (Annexure – II)

4. Clause 20 of order dated 18.10.2022 specifically provides “henceforth no cred