The case involves a writ petition filed by the Principal Chief Conservator of Forests, Government of Karnataka, challenging an order passed by the National Company Law Tribunal (NCLT), Ahmedabad, under Section 60 of the Insolvency and Bankruptcy Code (IBC), 2016. The respondent, M/s Wind World (India) Limited, was granted a lease for forest land by the Karnataka Renewable Energy Development Corporation Limited (KREDL). The lease expired, and the company applied for renewal, which was pending. The company was declared insolvent, and proceedings were initiated before the Tribunal under Section 14 of the IBC. The State government, noticing the lack of forest clearances, initiated proceedings to suspend the windmill operations. The Tribunal directed the State Government to
…M/s Wind World (India) Limited was granted a lease by the Karnataka Renewable Energy Development Corporation Limited (KREDL) for 221.80 Hectares of forest land under a lease deed dated 03-09-2003. The lease was for 15 years and expired on 19-06-2018. The Company applied for renewal of the lease on 09-01-2020, which was pending consideration. The Company requested the State to permit it to start the windmill to prevent damage, and permission was granted on 23-07-2020, subject to forest department clearance. The Company was declared insolvent and was before the Tribunal invoking Section 14 of the Code. Proceedings were pending before the Tribunal from 2018. The State, noticing the lack of forest clearances, initiated proceedings on 07-05-2022 to suspend the windmill
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M/s Wind World (India) Limited was granted a…
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The case involves a writ petition filed by the Principal Chief Conservator of Forests, Government of Karnataka, challenging an order passed by the National Company Law Tribunal (NCLT), Ahmedabad, under Section 60 of the Insolvency and Bankruptcy Code (IBC), 2016. The respondent, M/s Wind World (India) Limited, was granted a lease for forest land by the Karnataka Renewable Energy Development Corporation Limited (KREDL). The lease expired, and the company applied for renewal, which was pending. The company was declared insolvent, and proceedings were initiated before the Tribunal under Section 14 of the IBC. The State government, noticing the lack of forest clearances, initiated proceedings to suspend the windmill operations. The Tribunal directed the State Government to
…M/s Wind World (India) Limited was granted a lease by the Karnataka Renewable Energy Development Corporation Limited (KREDL) for 221.80 Hectares of forest land under a lease deed dated 03-09-2003. The lease was for 15 years and expired on 19-06-2018. The Company applied for renewal of the lease on 09-01-2020, which was pending consideration. The Company requested the State to permit it to start the windmill to prevent damage, and permission was granted on 23-07-2020, subject to forest department clearance. The Company was declared insolvent and was before the Tribunal invoking Section 14 of the Code. Proceedings were pending before the Tribunal from 2018. The State, noticing the lack of forest clearances, initiated proceedings on 07-05-2022 to suspend the windmill
…M/s Wind World (India) Limited was granted a…
The lease granted to…