ORDER

1. The present application is filed by Mr. Naren Seth, Liquidator of M/s.

Aster Private Limited (herein after referred as ‘Applicant’) under Rule 11 of National Company Law Tribunal Rules , 2016, against the Rajasthan Rajya Vidyuth Prasaran Nigam. Ltd (herein after referred as ‘Respondent’ inter alia, seeking for a relief seeking to recall and further waive off the cost imposed in the order dated 29.11.2024 and expunge the remarks made against the Liquidator in the Order dated 29.11.2024 in IA (IBC) 1689 in CP (IB) NO. 199/7/HDB/2019.

Brief background of the case:

2. This Tribunal, vide order dated 19.11.2019, on an application filed by IDBI Bank Limited under Section 7 of the Insolvency and Bankruptcy Code , 2016, M/s. Aster Private Limited (hereinafter referred to as “the Corporate Debtor”) was admitted into the Corporate Insolvency Resolution Process (CIRP). Subsequently, on an application preferred by the Committee of Creditors, this Tribunal, vide order dated 22.09.2021, initiated liquidation proceedings against the Corporate Debtor and appointed the Applicant herein as the Liquidator.

3. During the course of the liquidation process, the Respondent filed an application IA (