Vide order dated 13.01.2023, the Tribunal recorded the submissions of Learned Counsel appearing for the Applicant that “on or before 17.01.2023, the auction purchaser would deposit an amount of Rs. 6 crores so as to reach total payment of 8.86 crore out of 11.45 crores.” In compliance with the said order, the Applicant has stated to have deposited a sum of Rs. 5,72,05,000/yesterday. This fact is not disputed by the Liquidator. Learned Counsel appearing for the Applicant states that the time stipulated under Regulation 33 may be extended and direction be given to the Liquidator to take necessary steps to remove the alleged ex-workers from the disputed site. In the facts and circumstances of the case, we therefore deem it appropriate to direct the Applicant to take necessary steps with the concerned police authorities to remove the alleged ex-workers from the site within two weeks. We also direct the local police authorities to extend cooperation and assistance to the Liquidator in this regard. We further extend the time for depositing the balance amount of Rs. 2,86,25,000/- and direct the Applicant to make the payment within three days after removal of obstructions and file a compliance report with this Tribunal within three days thereafter.
