This writ petition challenges an order passed by the National Company Law Tribunal (NCLT), Mumbai, initiating Corporate Insolvency Resolution Process (CIRP) against Rolta India Limited. The petitioner, Kamal K. Singh, is the Chairman and Managing Director of Rolta India Limited. The petition argues that the NCLT order was passed in violation of the principles of natural justice and procedural rules, specifically concerning the pronouncement of the order.
1. Kamal K. Singh, Chairman and Managing Director of Rolta India Limited, filed a writ petition challenging an order of the NCLT, Mumbai, initiating CIRP against Rolta India Limited.
2. Value Partners Greater China High Yield Fund and Pinpoint Multi Strategh Fund, financial creditors, filed an application under Section 7 of the IBC to initiate CIRP against Rolta India Limited.
3. The NCLT, Mumbai, passed an order on October 22, 2019, admitting the application and initiating CIRP.
4. The petitioner alleges that the NCLT order was not pronounced in accordance with the National Company Law Tribunal Rules, 2016.
5. The petitioner claims that the order was not listed for pronouncement, and the advocates for Rolta India Limited were present before the Bench, but the insolvency
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Application filed under Section 7 of I&B Code,…
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This writ petition challenges an order passed by the National Company Law Tribunal (NCLT), Mumbai, initiating Corporate Insolvency Resolution Process (CIRP) against Rolta India Limited. The petitioner, Kamal K. Singh, is the Chairman and Managing Director of Rolta India Limited. The petition argues that the NCLT order was passed in violation of the principles of natural justice and procedural rules, specifically concerning the pronouncement of the order.
1. Kamal K. Singh, Chairman and Managing Director of Rolta India Limited, filed a writ petition challenging an order of the NCLT, Mumbai, initiating CIRP against Rolta India Limited.
2. Value Partners Greater China High Yield Fund and Pinpoint Multi Strategh Fund, financial creditors, filed an application under Section 7 of the IBC to initiate CIRP against Rolta India Limited.
3. The NCLT, Mumbai, passed an order on October 22, 2019, admitting the application and initiating CIRP.
4. The petitioner alleges that the NCLT order was not pronounced in accordance with the National Company Law Tribunal Rules, 2016.
5. The petitioner claims that the order was not listed for pronouncement, and the advocates for Rolta India Limited were present before the Bench, but the insolvency
Application filed under Section 7 of I&B Code,…
Arguments were…