Under Section 43(1), 45(1), 66(1),

35(1)(n) r/w Section 60(5) of Insolvency

& Bankruptcy Code, 2016

Mr. Anil Goel, The Liquidator

…Applicant

Vs.

M/s Bright Steel India & others

…Respondents In the matter of

C.P.(IB) No. 724/MB/2017

Bright Steel Advisors Operational Creditor

Vs.

Loha Ispaat Limited

Corporate Debtor

Order delivered on: 30.04.2024

Coram:

Shri Prabhat Kumar Justice V.G. Bisht (Retd.) Hon’ble Member (Technical) Hon’ble Member (Judicial)

CP (IB) 724 OF 2017 Appearances:

For the Applicant ` : Mr. Rohit Gupta a/w Ms.

Prashansa Agarwal, Advocate For the Respondent 6 : Mr. Nitin Gutka, PCS For the Respondent 1, 2, 19 & 20: Mr. Sarvesh Sawant, Adv.

For the Respondent 25 to 28 : Ms. Anchal Garg, Adv.

For the Respondent 29 : Mr. Harihar Bhave, Adv.

For the remaining Respondent : None

ORDER

Per: Prabhat Kumar, Member (Technical)

1. This application MA 1265/2018 was filed by Mr. Anil Goel, Liquidator, (“Applicant”) in the CIRP proceedings of Loha Ispaat Limited (Corporate Debtor) under Section 43(1), 45(1), 66(1), 35(1)(n) r/w Section 60(5) of The Insolvency and Bankruptcy Code, 2016 ("Code") seeking following reliefs:

a. To allow the present application;

b. To pass an order that the Corporate Debtor thr