OM Logistics Limited, the Successful Resolution Applicant of Transafe Services Limited (Corporate Debtor), filed an application under Regulation 39(8) of the Corporate Insolvency Resolution Process Regulation, 2016, read with Rule 11 of the NCLT Rules, 2016, seeking directions from the Adjudicating Authority for Respondent No.1 to hand over 1267 containers belonging to the applicant. These containers formed part of the assets of the Corporate Debtor and were allegedly being wrongfully withheld by Respondent No.1. The applicant claimed to have sent a legal notice on July 22, 2021, to Respondent No.1, demanding the containers' handover. Respondent No.1 was aware of the resolution plan's approval order dated April 9, 2021. Despite this knowledge, the Respondent allegedly
…OM Logistics Limited, the successful resolution applicant for Transafe Services Limited (the Corporate Debtor), sought the handover of 1267 containers. These containers, part of the Corporate Debtor's assets, were allegedly being wrongfully withheld by Respondent No. 1, Mr. Adimoolam Balanantham. The applicant sent a legal notice on July 22, 2021, demanding the containers. Respondent No. 1 was aware of the resolution plan's approval order dated April 9, 2021. The respondent had provided warehousing services under Depot Agency Agreements with the Corporate Debtor, which stipulated no lien on the containers. The respondent's claim as an operational creditor was admitted for Rs. 2,59,995. The parties settled the dispute amicably, with the applicant agreeing to pay Rs.
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OM Logistics Limited, the Successful Resolution Applicant of Transafe Services Limited (Corporate Debtor), filed an application under Regulation 39(8) of the Corporate Insolvency Resolution Process Regulation, 2016, read with Rule 11 of the NCLT Rules, 2016, seeking directions from the Adjudicating Authority for Respondent No.1 to hand over 1267 containers belonging to the applicant. These containers formed part of the assets of the Corporate Debtor and were allegedly being wrongfully withheld by Respondent No.1. The applicant claimed to have sent a legal notice on July 22, 2021, to Respondent No.1, demanding the containers' handover. Respondent No.1 was aware of the resolution plan's approval order dated April 9, 2021. Despite this knowledge, the Respondent allegedly
…OM Logistics Limited, the successful resolution applicant for Transafe Services Limited (the Corporate Debtor), sought the handover of 1267 containers. These containers, part of the Corporate Debtor's assets, were allegedly being wrongfully withheld by Respondent No. 1, Mr. Adimoolam Balanantham. The applicant sent a legal notice on July 22, 2021, demanding the containers. Respondent No. 1 was aware of the resolution plan's approval order dated April 9, 2021. The respondent had provided warehousing services under Depot Agency Agreements with the Corporate Debtor, which stipulated no lien on the containers. The respondent's claim as an operational creditor was admitted for Rs. 2,59,995. The parties settled the dispute amicably, with the applicant agreeing to pay Rs.
…The Resolution Plan for Transafe Services…
OM Logistics Limited sent a legal notice to…
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