ORDER

I.A. No.35/MB/C-V/2026

1. The Present Application has been filed by Solvenza Advisory LLP, (“Applicant/ Liquidator”), the Liquidator of Loyal Auto Globe Private Limited (“Corporate Debtor”) under section 60(5) read with section 33(5) of the Insolvency and Bankruptcy Code, 2016 (“IBC/ the Code”) read with Liquidation Regulations, seeking approval under section 33(5) of the Code to the Applicant Liquidator of the Corporate Debtor, for instituting necessary Application/s in main CR No. 91/2011 in MPID Special Case No. 1/2011 before the Ld. Sessions Court, Mumbai against the Respondent/s seeking for releasing/lifting MPID attachment placed upon Scheduled Properties of Corporate Debtor vide MPID Notification dated 01.02.2012 under Section 4 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999, as detailed in Schedule-I of this Application.

Description of Parties :

2. The Applicant in his official capacity as Liquidator of the Corporate Debtor, has preferred the present Application seeking the permission of this Tribunal to institute appropriate legal proceedings as per Section 33(5) of the Code against the Respondents.

3. The State of Maharash