The appeal was filed against the order dated 04.11.2025 in IA No. 581/Ahm/2025, where the Adjudicating Authority allowed Axis Bank's IA and directed the Liquidator to hand over the possession of the secured assets to Axis Bank.
The appeal was filed against the order dated 04.11.2025 in IA No. 581/Ahm/2025.
The Adjudicating Authority allowed the IA filed by Axis Bank.
The Adjudicating Authority directed the Liquidator to handover the possession of the secured assets to the Axis Bank.
The liquidator requested Axis Bank to share the liquidation cost.
The liquidator took the stand that assets are part of the liquidation estate due to non-payment of liquidation cost.
The Adjudicating Authority forwarded the copy of the order to the IBBI to take cognizance of the conduct of the liquidator.
The Adjudicating Authority allowed the application with directions which are not being objected and only prayer is confined with regard to directions contained in paragraph-10.
…Sign in to view the parties.
Counsel for the…
Order passed by the…
The appeal was filed against the order dated 04.11.2025 in IA No. 581/Ahm/2025, where the Adjudicating Authority allowed Axis Bank's IA and directed the Liquidator to hand over the possession of the secured assets to Axis Bank.
The appeal was filed against the order dated 04.11.2025 in IA No. 581/Ahm/2025.
The Adjudicating Authority allowed the IA filed by Axis Bank.
The Adjudicating Authority directed the Liquidator to handover the possession of the secured assets to the Axis Bank.
The liquidator requested Axis Bank to share the liquidation cost.
The liquidator took the stand that assets are part of the liquidation estate due to non-payment of liquidation cost.
The Adjudicating Authority forwarded the copy of the order to the IBBI to take cognizance of the conduct of the liquidator.
The Adjudicating Authority allowed the application with directions which are not being objected and only prayer is confined with regard to directions contained in paragraph-10.
…Counsel for the…
Order passed by the…