The case involves a suit (CS/232/2015) where the Union of India & Anr. are the plaintiffs and M/S Ramswarup Lohh Udyog & Ors. are the defendants. GA 2 of 2024 was filed by the authorized representative of Defendant No. 5. Defendant No. 1 merged with Defendant No. 5 in 2008. Corporate Insolvency Resolution Process was initiated for Defendant No. 5, and a resolution plan was approved by the NCLT, Kolkata Branch. The NCLT directed the parties to implement the approved resolution plan. The counsel for the petitioner argued that after the insolvency proceeding is over and the resolution plan is duly approved, the corporate entity starts with a clean slate.
The Union of India & Anr. filed a suit (CS/232/2015) against M/S Ramswarup Lohh Udyog & Ors. Defendant No. 1 merged with Defendant No. 5 in 2008. Defendant No. 5's operation was shut down for more than fourteen years. Corporate Insolvency Resolution Process was initiated against Defendant No. 5 under the Insolvency and Bankruptcy Code, 2016. The resolution plan was approved by the NCLT, Kolkata Branch. The NCLT directed the parties to implement the approved resolution plan. The authorized representative of Defendant No. 5 filed GA 2 of 2024. The counsel for the petitioner argued that after the insolvency proceeding is over and the resolution plan is duly approved, the corporate entity starts with a clean slate. The Learned Counsel for the Plaintiff submitted
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Defendant No. 1 merged…
Corporate Insolvency Resolution Process was…
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The case involves a suit (CS/232/2015) where the Union of India & Anr. are the plaintiffs and M/S Ramswarup Lohh Udyog & Ors. are the defendants. GA 2 of 2024 was filed by the authorized representative of Defendant No. 5. Defendant No. 1 merged with Defendant No. 5 in 2008. Corporate Insolvency Resolution Process was initiated for Defendant No. 5, and a resolution plan was approved by the NCLT, Kolkata Branch. The NCLT directed the parties to implement the approved resolution plan. The counsel for the petitioner argued that after the insolvency proceeding is over and the resolution plan is duly approved, the corporate entity starts with a clean slate.
The Union of India & Anr. filed a suit (CS/232/2015) against M/S Ramswarup Lohh Udyog & Ors. Defendant No. 1 merged with Defendant No. 5 in 2008. Defendant No. 5's operation was shut down for more than fourteen years. Corporate Insolvency Resolution Process was initiated against Defendant No. 5 under the Insolvency and Bankruptcy Code, 2016. The resolution plan was approved by the NCLT, Kolkata Branch. The NCLT directed the parties to implement the approved resolution plan. The authorized representative of Defendant No. 5 filed GA 2 of 2024. The counsel for the petitioner argued that after the insolvency proceeding is over and the resolution plan is duly approved, the corporate entity starts with a clean slate. The Learned Counsel for the Plaintiff submitted
…Defendant No. 1 merged…
Corporate Insolvency Resolution Process was…
Sign in to view related legal provisions.