IN THE NATIONAL COMPANY LAW TRIBUNAL, BENGALURU BENCH (Exercising powers of Adjudicating Authority under The Insolvency and Bankruptcy Code, 2016)

I.A. (CA) No. 10/2022 in C.P. (IB) No. 51/BB/2018 (filed under Section 60 (5) of the Insolvency & Bankruptcy Code, 2016 Read with Rule 11 of the National Company Law Tribunal Rules, 2016)

IN THE MATTER OF:

1. Mr. Farooq Ali Khan Suspended Director of Associate Décor Limited No. 21, Benson ‘A’ Cross Road, Ward No.2, Mudhol, Bagalkot, Benson Town Post, Bengaluru – 560046 …Applicant Versus

1. Mr. Alok Kailash Saksena Resolution Professional of Associate Decor Limited C/o Desai Saksena and Associates, 1st Floor, Laxmi Building, Sir Phirozshah Mehta Road, Fort, Mumbai – 400001 … Respondent No.1/Resolution Professional

2. Associate Décor Limited Having its Registered Office at:

Plot No. 1, Phase IV, KIADB Industrial Estate, Malur Kolar, Karnataka– 563130 …Respondent No.2/Corporate Debtor

3. Punjab National Bank (Formerly Oriental Bank of Commerce)

Maker Tower, F – wing Cuffe Parade, Mumbai– 400005 ...Respondent No.3/ Member of CoC

4. Union Bank of India Bharat House, Ground Floor Near Bombay Stock Exchange Fort Mumbai – 400001 …Respondent No.4/Member o