Per: Prabhat Kumar, Member (Technical)

1. The present Interlocutory Application IA 368 of 2024 is filed in Petition CP No. 501 of 2023 by the Orion Industries in terms of Section 60(5) of the Insolvency and Bankruptcy Code , 2016 in the matter of Specific Alloys Private Limited seeking following relief;

a) To direct the Respondent No. 1 to complete the execution of the said property, GAT No. 137, Hissa No. 1 total admeasuring about

13.3 acre land situated at Village Pirangut, Tal: Mulshi, Dist: Pune in favour of the Applicant in terms of the Agreement of Sale dated 21.08.2023. b) To pass such Order or Orders as this Hon’ble Tribunal may deem expedient.

2. The Applicant is a registered Partnership Firm under the Provision of Partnership Act and claims to a bona-fide purchaser of one of the property of the Corporate Debtor i.e. GAT No. 137, Hissa No. 1 total admeasuring about 25.3 acre land situated at Village Pirangut, Tel: Mulshi, Dist. Pune.

3. The Respondent No. 1, is an Insolvency Profession having IBBI Registration NO. IBBI/IPA-001/IP-P00515/2017-2018/10916 is the Resolution Professional of Corporate Debtor.

4. The Respondent No. 2, is a Financial Company who has sanctioned th