INTERLOCUTORY APPLICATION NO. 3925 OF 2022

CP(IB) NO. 2985 (MB)/2018

Application u/s 60(5) of the Insolvency and

Bankruptcy Code, 2016

In the matter of:

M/s. IMEC Services Limited

(Formerly Ruchi Strips and Alloys Ltd)

Having its office address at:

501/B, Mahakosh House, 7/5,

South Tukoganj, Nath Mandir Road,

Indore, Madhya Pradesh-452 001.

…Applicant

Versus

Office of the Assistant Commissioner of

Customs, Inland Container Depot-MMLP,

Tihi, Tehsil-Mhow, District: Indore,

Madhya Pradesh-453331.

…Respondent

In the matter between:

Bank of Baroda (Erstwhile Dena Bank)

…Financial Creditor

v/s.

RSAL Steel Private Ltd. …Corporate Debtor

Order pronounced on 13.08.2024.

CP(IB) NO. 2985(MB)/2018 Coram:

Shri. Kuldip Kumar Kareer : Member Judicial.

Shri. Anil Raj Chellan : Member Technical.

Appearances (Hearing in physical mode)

For the Applicant: Adv. Rhea Prakash.

For the Respondent: Adv. Abdullah Qureshi a/w Shraddha Patil appeared for the Resolution Professional.

ORDER Per: Coram.

1. This is an application filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (‘IB Code’) by the Applicant seeking the following reliefs:

(a) This Tribunal be pleased to direct and declare that by virtue of the Slump Sale Agre