The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016.

The applicants are the Promoters of the Corporate Debtor.

The application seeks to restrain the liquidator from dealing with Rayada lands and selling assets of the corporate debtor.

The applicants allege that the liquidator is selling assets under the guise of scrap and undervaluing them.

The Tribunal directed the Registry to forward a copy of the order to all respondents.

The Tribunal restrained the liquidator from dealing with the assets of the Corporate Debtor until the disposal of the present Application.

The 12th Respondent is also restrained from lifting any kind of machinery or scrap until the disposal of the present Application.

The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016.

The applicants are the Promoters of the Corporate Debtor.

The application seeks to restrain the liquidator from dealing with Rayada lands and selling assets of the corporate debtor.

The applicants allege that the liquidator is selling assets under the guise of scrap and undervaluing them.

The Tribunal directed the Registry to forward a copy of the order to all respondents.

The Tribunal restrained the liquidator from dealing with the assets of the Corporate Debtor until the disposal of the present Application.

The 12th Respondent is also restrained from lifting any kind of machinery or scrap until the disposal of the present Application.