In CP(IB)/230(KB)2019 Anapplication under section 54(2) of the Insolvency andBankruptcy Code,2016 read with Regulation 45(3) of the Insolvency and Bankruptcy Board of India (Liquidation Process)

Regulations,2016.

In thematter of:

RythemOverseas TradeLimited, (CIN:U51109WB1981PLC034241)

Represented byits Liquidator –

Mr.Abhijeet Jain, …. Applicant/Liquidator Dateof Hearing:26/09/2023 Date ofPronouncement: 17/10/2023 Coram:

Smt. BidishaBanerjee :Member (Judicial)

Shri ArvindDevanathan :Member (Technical)

Appearances through hybridmode:

ForApplicant : Mr. ShaunakMitra, Adv.

Mr. Saurav Jain, Adv.

Mr. Abhijeet Jain, Liquidatorin person ForRP ofDynametic Overseas Pvt. Ltd. : Mr. RahulAuddy, Adv.

Mr. Aditya Gooptu, Adv.

Formembers ofsuspended Board : Mr. Ratnesh Kr. Rai, Adv.

ofDirectors ofCorporate Debtor Mr. AnkanRai, Adv.

Page1of In CP(IB)/230(KB)2019 Formembers ofsuspended Board : Ms. Jayati Chowdhury, Adv.

ofDirectors ofCorporate Debtor

OR DER

Per:Arvind Devanathan,Member (Technical)

1. ThisAdjudicating Authority convened through hybrid mode.

2. IA(IBC)/100(KB)2023 is an application filed under section 54(2) of the Insolvency and Bankruptcy Code, 2016 (“the Code”) read with regulation 45(3) of the IBBI