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2024 Supreme(Online)(NCLT) 5613

NATIONAL COMPANY LAW TRIBUNAL
ANKIT AGARWAL – Appellant
Versus
CANARA BANK – Respondent


Advocates:
For the Petitioner:KRISHNA DEV VYAS
For the Respondent:ANKUR GUPTA

IN THE NATIONAL COMPANY LAWTRIBUNAL

ALLAHABAD BENCH, PRAYAGRAJ

IA No.392/ALD/2022 IN CP (IB) No.90/ALD/2019

IN THE MATTER OF:

An application filed under Section 60(5) of the Insolvency

and Bankruptcy Code, 2016 read with Rule 11 of the

NCLT Rules, 2016

IN THE MATTER OF:

M/s BAAF ENGINEERS PRIVATE LIMITED

……...Petitioner/Operational Creditor

Versus

M/s PRATISHTHA DAIRY FARMS PRIVATE LIMITED

………...Respondent/Corporate Debtor

AND IN THE MATTER OF:

ANKIT AGRAWAL …Applicant/Resolution Professional

VERSUS

CANARA BANK (Sole Member of Committee of Creditors) OF M/S PRATISTHA DAIRY FARMS PRIVATE LIMITED (UNDER

CIRP)

….………Respondent

Order Pronounced On- 16th April, 2024

Coram:

Mr. Praveen Gupta. : Member (Judicial)

Mr. Ashish Verma : Member (Technical)

Appearances:

Sh. Krishna Dev Vyas, Adv. : For the Applicant in all IAs Sh. Aakarshan Aditya, Adv. : For Res. in IA No.08/2023 Sh. Ankur Gupta, Adv. : For Res. in IA No.392/2022

ORDER

1. This application has been filed by the Resolution Professional of the Corporate debtor, i.e., M/s Pratishtha Dairy Farms Private limited (hereinafter referred as the “applicant”) seeking the following prayer:

(a) Allow the present application and issue appropriate directions for setting

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