The applicant, M. Arumugam, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. The application sought to set aside an order dated May 11, 2021, passed by the liquidator, Mr. Ramji, which rejected the applicant's claim. The applicant also requested a direction to the liquidator to accept his claim. The corporate debtor, Antony Projects Pvt. Ltd., had availed a loan of Rs. 4,85,00,000/- from the applicant in various periods during 2011 and provided security for Rs. 1 crore by executing a Memorandum of Deposit of Title Deed (MOTD) dated December 12, 2011.

The applicant, M. Arumugam, filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. The application sought to set aside an order dated May 11, 2021, passed by the liquidator, Mr. Ramji, which rejected the applicant's claim. The applicant also requested a direction to the liquidator to accept his claim. The corporate debtor, Antony Projects Pvt. Ltd., had availed a loan of Rs. 4,85,00,000/- from the applicant in various periods during 2011 and provided security for Rs. 1 crore by executing a Memorandum of Deposit of Title Deed (MOTD) dated December 12, 2011.