Under Section 66 of Insolvency & Bankruptcy Code, 2016, seeking directions from this Tribunal to direct that Respondent Nos.1 & 2 to be held personally liable in respect of the Unauthorised use of the property of the Corporate Debtor by the Respondent no.3

Mr. Brijendra Kumar Mishra,

Resolution Professional of Renaissance

Education Pvt. Ltd.

… Applicant

V/s

Tejas S. Khandhar & Ors.

… Respondents

In the matter of

C.P.(IB) No. 2671/MB/2019

Bank of Baroda

Financial Creditor

V/s.

Renaissance Education Private Limited

Corporate Debtor

Order delivered on: 21.05.2024

CP (IB) 2671 OF 2019 Coram:

Shri Prabhat Kumar Justice V.G. Bisht (Retd.) Hon’ble Member (Technical) Hon’ble Member (Judicial)

Appearances:

For the Applicant : Mr. Ativ Patel, Advocate Mr. Divyesh Desai, Liquidator present in person

ORDER

Per: Prabhat Kumar, Member (Technical)

1. The present Interlocutory Application has been filed by the Applicant/Liquidator of the Corporate Debtor seeking following reliefs:

1.1. this Tribunal be pleased to by its Order direct the Respondent Nos.1 & 2 to jointly and severally contribute an aggregate amount of Rs. 12,88,53,493/- (Rupees Twelve Crore Eighty- eight Lakh Fifty-three Thousand Four Hundred Ninety- thre