ORDER

(Hearing through hybrid mode )

The present application has been filed by A.R. Akbar Sherieef, the Applicant under Section 60(5)(c) of the Insolvency and Bankruptcy Code ('Code'/ 'IBC'), 2016 read with Rule 11 of the NCLT Rules, seeking appropriate directions against Umesh Garg, the Respondent/ Liquidator of Jeppiaar Cements Private Limited, in relation to the rejection of the Applicant’s claim and forfeiture of advance money arising out of an Agreement of Sale dated 13.06.2018, seeking the following reliefs:

“It is therefore most humbly prayed that this Hon'ble Tribunal may be pleased to allow the present Interim Application and consequentially Direct the Respondent Liquidator to execute appropriate Sale Deeds in favour of the Applicant in respect of Lands admeasuring 13.58 Acres of Dry Agricultural Land situate in Karuppur Senapathy Village, Ariyalur District upon receipt of the balance sale consideration of Rs.48,57,800/- and pass any Order or further Orders as this Hon'ble Tribunal may deem fit in the facts and circumstances of the present case and thus render justice.”

2. SUBMISSIONS OF THE APPLICANT:

2.1. The Applicant submits that the Corporate Insolvency Resolution Process