SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2025 Supreme(Online)(NCLT) 5361

NATIONAL COMPANY LAW TRIBUNAL
Shri Prabhat Kumar, Member (Technical), Shri Sushil Mahadeorao Kochey, Member (Judicial)
STATE BANK OF INDIA – Appellant
Versus
EBIXCASH LIMITED (E- EBIX) SOFTWARE INDIA PRIVATE LIMITED – Respondent


Advocates:
For the Appellants/Petitioners: Adv. Sham Kapadiya, Adv. Pushkraj Deshpande
For the Respondents: Adv. Ankita Singhaniya, Nikhil sonar

ORDER

1. This Application IA 1171/2022 was filed on 3.5.2022 in CP IB 3457 of 2018 by State Bank Of India (“SBI”), the financial creditor and member of Committee of Creditors (“CoC”) under Section 60 (5) of the Insolvency and Bankruptcy Code, 2016 ("IBC") in the Corporate Insolvency Resolution Process (“CIRP”) of Trimax IT Infrastructure & Services Limited (“Corporate Debtor”) culminating into approval of Resolution Plan in CIRP by this Tribunal, seeking following reliefs:-

a. Pass appropriate directions to the Successful Resolution Applicant and the Corporate Debtor and persons in the management and control of the Successful Resolution Applicant and the Corporate Debtor, to make payments of the outstanding reconciled amount of Rs. 7.34,69,047/- (Rupees Seven Crores Thirty-Four Lakhs Sixty-Nine Thousand and Forty- Seven Only), which amount has been exclusively assigned to the financial creditors of the Corporate Debtor, in terms of paragraph 7.3.3.7 (ii) of the Approved Resolution Plan, within a period of 5 days from the disposal of this Application.

b. Pass appropriate directions to the Successful Resolution Applicant and the Corporate Debtor and persons in the management and contro

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top