The case involves four company appeals (77/2025, 78/2025, 80/2025, 81/2025) that are similar and being decided together. The appeals challenge orders passed by the Adjudicating Authority regarding the liquidation process of corporate debtors, specifically concerning the fees and costs of the liquidator. The liquidator is seeking directions for the Bank of India and State Bank of India, the SCC members, to contribute funds towards outstanding liquidation costs and estimated liquidation costs. The Adjudicating Authority directed the SCC to consider and approve reasonable fees for the liquidator, taking into account the lack of significant progress in the liquidation proceedings.
Mr. Immaneni Eswara Rao, the Appellant/Liquidator of the Corporate Debtor, filed company appeals challenging the validity of the Impugned Order dated 29.11.2024 passed by the Adjudicating Authority. The appeals arise from orders in IA(IBC)/196/2024, IA(IBC)/266/2024, IA(IBC)/191/2024 and IA(IBC)/197/2024, which were preferred in CP(IB)No.157/10/AMR/2019, CP(IB)/174/10/AMR/2019, CP(IB)No.158/10/AMR/2019 and CP(IB)No.159/10/AMR/2019 respectively. The liquidator sought directions for the Bank of India and State Bank of India, the SCC members, to contribute funds towards outstanding liquidation costs and estimated liquidation costs of INR 1,50,000/- per month. The Adjudicating Authority directed the SCC to consider and approve reasonable fees for the liquidator, taking
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The case involves four company appeals (77/2025, 78/2025, 80/2025, 81/2025) that are similar and being decided together. The appeals challenge orders passed by the Adjudicating Authority regarding the liquidation process of corporate debtors, specifically concerning the fees and costs of the liquidator. The liquidator is seeking directions for the Bank of India and State Bank of India, the SCC members, to contribute funds towards outstanding liquidation costs and estimated liquidation costs. The Adjudicating Authority directed the SCC to consider and approve reasonable fees for the liquidator, taking into account the lack of significant progress in the liquidation proceedings.
Mr. Immaneni Eswara Rao, the Appellant/Liquidator of the Corporate Debtor, filed company appeals challenging the validity of the Impugned Order dated 29.11.2024 passed by the Adjudicating Authority. The appeals arise from orders in IA(IBC)/196/2024, IA(IBC)/266/2024, IA(IBC)/191/2024 and IA(IBC)/197/2024, which were preferred in CP(IB)No.157/10/AMR/2019, CP(IB)/174/10/AMR/2019, CP(IB)No.158/10/AMR/2019 and CP(IB)No.159/10/AMR/2019 respectively. The liquidator sought directions for the Bank of India and State Bank of India, the SCC members, to contribute funds towards outstanding liquidation costs and estimated liquidation costs of INR 1,50,000/- per month. The Adjudicating Authority directed the SCC to consider and approve reasonable fees for the liquidator, taking
…The Adjudicating…
The Appellant/Liquidator…