ORDER

IA (IBC) 455/2021 Orders pronounced. In the result, this application is partly allowed

Sd/- Sd/-

MEMBER (T) MEMBER (J)

Swapna IN THE NATIONAL COMPANY LAW TRIBUNAL, HYDERABAD BENCH-1, HYDERABAD IN C.P. (IB) No.599/7/HDB/2019 Under Section 66 and 60(5) of The Insolvency and Bankruptcy Code, 2016 read with Rule 11 and 13 of The National Company Law Tribunal Rules, 2016 IN THE MATTER OF: Mr. T.S.N. Raja Resolution Professional of M/s. Saptarishi Hotels Private Limited, No. 16 (11-20-18), Shop cum Flat, Huda Complex, Kothapet, Hyderabad, Telangana – 50003 Presently pursued by Mr. G. Madhusudhan Rao, Liquidator of M/s. Saptarishi Hotels Private Limited.

...APPLICANT Versus

1. Mr. Laxmi Narayan Sharma Suspended Director of M/s. Saptarishi Hotels Private Limited, Flat No. 6113, Sector B-8, Vasant Kunj, New Delhi – 110070.

2. Mr. Yashdeep Sharma Suspended Director of M/s. Saptarishi Hotels Private Limited, Flat No. 6113, Sector B-8, Vasant Kunj, New Delhi – 110070.

3. Ms. Suneeta Sharma Suspended Director of M/s. Saptarishi Hotels Private Limited, Flat No. 6113, Sector B-8, Vasant Kunj, New Delhi – 110070.

…RESPONDENTS Date of Order: 28.02.2025 Coram:

DR. VENKATA RAMAKRISHNA BADARINATH NANDULA