ORDER

Per: BENCH

1. The present petition is filed on 13.08.2020 by the Liquidator of M/s Veracious Builders and Developers Private Limited (hereinafter referred to as “Corporate Debtor”) under section 66(1) and (2) of the IBC, 2016, interalia praying that this Tribunal may direct the Respondents to jointly and severally pay a sum of Rs. 13,21,92,691/- into the Liquidation Account of the Corporate Debtor as contribution to the assets of the Corporate debtor.

2. The facts of the case are mentioned below:

a) It is submitted that vide order dated 17.01.2020 ordered the liquidation of the corporate debtor in terms of Section 33(2) of the Code and has appointed the applicant as the Liquidator of the Corporate Debtor.

b) Further, due to conduct of business of the Corporate Debtor by the Respondents, concerns regarding certain related party transactions and other financial irregularities were raised by the members of the Committee of Creditors in the meetings. In the light of these concerns, a resolution was unanimously passed by the Committee of creditors in its First meeting dated 11.09.2019 to conduct a Transaction Audit Review.

c) Thereafter, in the second meeting of the Committee of credito