NATIONAL COMPANY LAW TRIBUNAL
Shyam Babu Gautam, Member (Technical), T. Krishna Valli, Member (Judicial)
M/s. Savute Textiles Private Limited – Appellant
Versus
Mr. Venesan Gopinathan, Managing Director – Respondent
ORDER
Per: Coram
1. The present application is filed by the Applicant, who is the Resolution Professional of the Corporate Debtor M/s. Savute Textiles (P) Limited under Section 66 of the IBC, 2016 for the following reliefs: -
i. To declare the business agreement dated 02.01.2019 vide Annexure A-10 transferring the entire asset of the Corporate Debtor to the 4th Respondent as null and void.
ii. goods and work-in-progress as on 20.10.2022 worth Rs. To direct the 4th Respondent to Transfer raw material, finished 19,15,19,796/- to the Corporate Debtor.
iii. Direct the 1st Respondent to pay a sum of Rs. 4,14,40,042/- to the account of the Corporate Debtor on account of advances made by the CD without approval.
iv. Direct the 4th Respondent to Transfer a sum of Rs. 2,00,12,550 on account of siphoned off the cash resources of Corporate Debtor.
v. Direct the 10th Respondent to deposit a sum of 2,35,87,372/- illegally siphoned out of the fund of Corporate Debtor through bogus and sham trade transactions.
vi. Direct the 11th Respondent to deposit a sum of Rs. 2,18,74,525/- illegal siphoned out of the fund of Corporate Debtor through bogus and sham trade transactions.
vii. Direct the 12th Respondent
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