The revisional application was filed by a director of the suspended board of directors of George Distributors Private Limited, the corporate debtor, challenging an order dated November 5, 2019, passed by the National Company Law Tribunal (NCLT), Kolkata Bench, which refused to recall an earlier order dated September 5, 2019. The September 5, 2019 order had admitted an application filed by Oriental Bank of Commerce, the financial creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, and initiated Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The petitioner argued that the NCLT Kolkata lacked jurisdiction because the corporate debtor's registered office had shifted from Kolkata to Odisha on January 16, 2018, and the NCLT
…George Distributors Private Limited, the corporate debtor, had its registered office initially in Kolkata. Oriental Bank of Commerce, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, before the NCLT Kolkata for initiating CIRP against the corporate debtor. The corporate debtor's registered office shifted from Kolkata to Odisha on January 16, 2018. The financial creditor was informed of this change. The NCLT Kolkata passed an order on September 5, 2019, admitting the application and initiating CIRP. The corporate debtor filed an application before the NCLT Kolkata for recalling the order, contending that the NCLT Kolkata lacked jurisdiction. The NCLT Kolkata rejected the application for recall on November 5, 2019.
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The corporate debtor, George Distributors…
Oriental Bank of Commerce, the financial…
The revisional application was filed by a director of the suspended board of directors of George Distributors Private Limited, the corporate debtor, challenging an order dated November 5, 2019, passed by the National Company Law Tribunal (NCLT), Kolkata Bench, which refused to recall an earlier order dated September 5, 2019. The September 5, 2019 order had admitted an application filed by Oriental Bank of Commerce, the financial creditor, under Section 7 of the Insolvency and Bankruptcy Code, 2016, and initiated Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The petitioner argued that the NCLT Kolkata lacked jurisdiction because the corporate debtor's registered office had shifted from Kolkata to Odisha on January 16, 2018, and the NCLT
…George Distributors Private Limited, the corporate debtor, had its registered office initially in Kolkata. Oriental Bank of Commerce, the financial creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, before the NCLT Kolkata for initiating CIRP against the corporate debtor. The corporate debtor's registered office shifted from Kolkata to Odisha on January 16, 2018. The financial creditor was informed of this change. The NCLT Kolkata passed an order on September 5, 2019, admitting the application and initiating CIRP. The corporate debtor filed an application before the NCLT Kolkata for recalling the order, contending that the NCLT Kolkata lacked jurisdiction. The NCLT Kolkata rejected the application for recall on November 5, 2019.
…The corporate debtor, George Distributors…
Oriental Bank of Commerce, the financial…