IN THE NATIONAL COMPANY LAW TRIBUNAL

BENGALURU BENCH

(Exercising powers of Adjudicating Authority under

The Insolvency and Bankruptcy Code, 2016)

(Through Physical/Video – Conferencing/Hybrid Mode)

I.A No. 01/2024

in

CP (IB) No.09/BB/2022

U/s. 31(1) of the Insolvency and Bankruptcy Code, 2016

IN THE MATTER OF:

Mr. Shivadutt Bannanje, Resolution Professional of

M/s Dnyanyogi Shri Shivkumar Swamiji Sugars Limited

Having Office at:

N-705, North Block, Manipal Centre,

No.47, Dickenson Road,

Bangalore- 560 042. … Applicant

In the matter of:

Sharanappa Sangappa Alur and others … Financial Creditors

Versus

M/s Dnyanyogi Shri Shivkumar Swamiji Sugars Limited … Corporate Debtor

Order delivered on: 24.04.2024

Coram: Hon’ble Shri. K. Biswal, Member (Judicial)

Hon’ble Shri. Manoj Kumar Dubey, Member (Technical)

PRESENT:

For the RP : Shri Raghuram Cadambi

O R D E R

Per: Manoj Kumar Dubey, Member (Technical)

1. This is an Application filed by the Mr. Shivadutt Bannanje (hereinafter referred to as ‘Applicant/Resolution Professional’) under section 30 (6) read with section 31 and 60(5)(c) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the ‘Code’) and read with Rule 11 of the National Company Law Tr