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    Hearing Report Format

    Uploaded by

    Rishabh Singh
    1) The hearing report provides summaries of 3 applications - an application challenging the sale of the Corporate Debtor, an application for approval of release of funds by the liquidator, and an application against amounts withdrawn during CIRP. 2) For the first application, the Bench directed the Liquidator to file a reply within 2 weeks. 3) For the second application, the Bench did not hear the application. 4) For the third application, the pleadings were complete and the Bench directed the Railways to file a progress report and said any directions on payments will be after submissions from Railways, directing parties to cooperate for project completion.

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    Hearing Report Format

    Uploaded by

    Rishabh Singh
    381 views3 pages
    1) The hearing report provides summaries of 3 applications - an application challenging the sale of the Corporate Debtor, an application for approval of release of funds by the liquidator, and an application against amounts withdrawn during CIRP. 2) For the first application, the Bench directed the Liquidator to file a reply within 2 weeks. 3) For the second application, the Bench did not hear the application. 4) For the third application, the pleadings were complete and the Bench directed the Railways to file a progress report and said any directions on payments will be after submissions from Railways, directing parties to cooperate for project completion.

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    1) The hearing report provides summaries of 3 applications - an application challenging the sale of the Corporate Debtor, an application for approval of release of funds by the liquidator, and an application against amounts withdrawn during CIRP. 2) For the first application, the Bench directed the Liquidator to file a reply within 2 weeks. 3) For the second application, the Bench did not hear the application. 4) For the third application, the pleadings were complete and the Bench directed the Railways to file a progress report and said any directions on payments will be after submissions from Railways, directing parties to cooperate for project completion.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    381 views3 pages

    Hearing Report Format

    Uploaded by

    Rishabh Singh
    1) The hearing report provides summaries of 3 applications - an application challenging the sale of the Corporate Debtor, an application for approval of release of funds by the liquidator, and an application against amounts withdrawn during CIRP. 2) For the first application, the Bench directed the Liquidator to file a reply within 2 weeks. 3) For the second application, the Bench did not hear the application. 4) For the third application, the pleadings were complete and the Bench directed the Railways to file a progress report and said any directions on payments will be after submissions from Railways, directing parties to cooperate for project completion.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    HEARING REPORT

    NAME OF THE CASE


    COMPANY PETITION NO.

    Instructions:
    1. A Single document shall be maintained in respect of all I.A.s pending in a single
    company petition in one forum.
    2. Separate documents will have to be maintained in case of parallel proceedings before
    multiple forums.
    3. I.A. No. of the application shall act as the code through which the application can be
    searched in the entire document eg. 321-2021 (321 of 2021).
    4. The next date of hearing and last date of hearing have to be updated in the index itself
    for convenience.
    5. Date-wise summary of hearings to be maintained in chronological order wherein the
    latest is at the top followed by earlier hearings. It means one single document for all the
    cases being heard by one authority eg. Duncan NCLT one file and Duncan NCLAT
    another file and so on.
    6. Each summary shall inform the I.A. nos. that have been considered.
    7. In case any document has been sought, the summary should explicitly mention the
    same and the concerned person should coordinate with the law firm/advocate
    appointed in the case.
    8. In a situation where no member of the resurgent team is able to attend the hearing, for
    any reason whatsoever, a summary shall be sought from the appointed law firm/
    advocate and the same shall be included in the document. The summary shall mention
    a note in this regard informing readers that the summary is based on the information
    received from the law firm/advocate.
    9. The following disclaimer/note shall be provided at the bottom of the page/end of each
    hearing’s summary:
    “This update/report is based upon the proceedings before the tribunal (mention the
    forum before which the hearing took place) and is subject to the written order in this
    regard.”
    10. The hearing report should necessarily be shared with the Resolution
    Professional/Liquidator in the concerned case in the group and through official Email
    ID for Records.

    Sample Report attached for reference and discussions


    HEARING REPORT
    NAME OF THE CASE
    COMPANY PETITION NO.
    INDEX

    S. I.A. No. Details Last Date Next Date


    no. (Brief description of the application) of Hearing of Hearing
    1 3172-2021 Application by Mr. Mandal-challenging 27-07-2021 06-09-2021
    sale of the CD to Red Brick Consulting
    Pvt. Ltd.
    2 3178-2021 Application filed by TCL-UTM JV for 27-07-2021 06-09-2021
    approval of release of funds by the
    liquidator of UTM.
    3 5323-2020 Application by erstwhile RP against Mr. 27-07-2021 06-09-2021
    Mandal for funds withdrawn during
    CIRP.
    HEARING REPORT
    NAME OF THE CASE
    COMPANY PETITION NO.

    Date of hearing: 27.07.2021


    NDOH: 06.09.2021

    IA no. 3172-2021
    This is an application filed by Mr. K.S. Mandal challenging the sale of the Corporate Debtor to
    Red Brick Consulting Pvt. Ltd. on the grounds that it violates section 29A as well as section
    35(1)(f) of IBC.

    Notice was issued to the Liquidator and the Liquidator has been directed to file reply within 2
    weeks.

    IA No. 3178-2021
    This is the application filed by TCL-UTM JV for approval of release of funds by the liquidator
    of UTM. The Bench did not hear this application.

    IA no. 5323-2020
    This is the application filed by the erstwhile RP against certain amounts withdrawn by Mr.
    Mandal during CIRP. The pleadings in respect of this application are complete and Adv.
    Anand submitted that the said application may be taken up for final arguments.

    The Bench heard the parties and directed the Railways to file a progress report. The Bench
    further observed that any directions with respect to release of payments will only be made after
    hearing the submissions of the Railways however, the bench directed that parties to cooperate
    with each other for the purpose of completion of the project at Dausa.

    “This update/report is based upon the proceedings before the tribunal (mention the forum before which
    the hearing took place) and is subject to the written order in this regard.”

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