in

IA(I.B.C)/1837(KB)2024

An application under Section 12(2) read with Section 60(5) of the Insolvency & Bankruptcy Code, 2016 and Rule 11 of the National

Company Law Tribunal Rules, 2016;

IN THE MATTER OF:

REC LIMITED;

... FINANCIAL CREDITOR

-Versus-

HIRANMAYE ENERGY LIMITED;

... CORPORATE DEBTOR

-And-

IN THE MATTER OF:

BHUVAN MADAN

... APPLICANT

Date of pronouncement of the Order: 04.10.2024

CORAM:

SMT. BIDISHA BANERJEE, HON’BLE MEMBER (JUDICIAL)

SHRI D. ARVIND, HON’BLE MEMBER (TECHNICAL)

Appearance (via video conferencing/physically):

Mrs. Manju Bhuteria, Adv. ] For the Interim Resolution Professional

Mr. M. Kanoria, Adv. ] Mrs. S. Bhattacharya, Adv. ] Ms. Rituparna Chatterjee, Adv.] Ms. Arundhati Barman, Adv. ] Mr. Abhijit Kashyap, Adv. ]

Mr. Dipankar Majumdar, Adv. ] For the Applicant in IA(I.B.C)/1831(KB)2024

Mr. S. Chakraborty, Adv. ]

in IA(I.B.C)/1837(KB)2024 ________________________________________________________________________________________________________________

Mr. Joy Saha, Sr. Adv. ] In IA(I.B.C)/1837(KB)2024

ORDER

Per: D. Arvind, Member (Technical)

1. This Court is congregated through hybrid mode

2. Learned Sr. Counsel/Counsels appearing on behalf of the parties were heard in extenso.

3. T