The writ petition was filed seeking a mandamus to declare the actions of respondents related to the Corporate Insolvency Resolution Process (CIRP) of KSK Mahanadi Private Limited, KSK Water Infrastructures Private Limited, and Raigarh Champa Rail Infrastructure Private Limited. The petitioner sought consolidation of the CIRP of these companies before the NCLT Hyderabad Bench. Punjab National Bank had previously filed an application for consolidation, which was rejected by the NCLT. An appeal was filed before the NCLAT, and during its pendency, further applications were filed before the NCLT. The NCLT deferred the Resolution Process pending the outcome of the appeal before the NCLAT.
The petitioner filed a writ petition seeking consolidation of the CIRP of KSK Mahanadi Private Limited, KSK Water Infrastructures Private Limited, and Raigarh Champa Rail Infrastructure Private Limited. Punjab National Bank, a financial creditor, had previously filed an application for consolidation, which was rejected by the NCLT on 2021-02-12. Punjab National Bank then filed an appeal before the NCLAT, which was later withdrawn. During the pendency of the appeal, further applications were filed before the NCLT, which deferred the Resolution Process until the outcome of the appeal before the NCLAT. The petitioner did not file any appeal or seek any direction from the NCLT or NCALT. The petitioner's grievance was that certain rights and interests were created in its
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Order passed by the National Company Law…
Punjab National Bank filed I.A.No.32/2020 in…
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The writ petition was filed seeking a mandamus to declare the actions of respondents related to the Corporate Insolvency Resolution Process (CIRP) of KSK Mahanadi Private Limited, KSK Water Infrastructures Private Limited, and Raigarh Champa Rail Infrastructure Private Limited. The petitioner sought consolidation of the CIRP of these companies before the NCLT Hyderabad Bench. Punjab National Bank had previously filed an application for consolidation, which was rejected by the NCLT. An appeal was filed before the NCLAT, and during its pendency, further applications were filed before the NCLT. The NCLT deferred the Resolution Process pending the outcome of the appeal before the NCLAT.
The petitioner filed a writ petition seeking consolidation of the CIRP of KSK Mahanadi Private Limited, KSK Water Infrastructures Private Limited, and Raigarh Champa Rail Infrastructure Private Limited. Punjab National Bank, a financial creditor, had previously filed an application for consolidation, which was rejected by the NCLT on 2021-02-12. Punjab National Bank then filed an appeal before the NCLAT, which was later withdrawn. During the pendency of the appeal, further applications were filed before the NCLT, which deferred the Resolution Process until the outcome of the appeal before the NCLAT. The petitioner did not file any appeal or seek any direction from the NCLT or NCALT. The petitioner's grievance was that certain rights and interests were created in its
…Order passed by the National Company Law…
Punjab National Bank filed I.A.No.32/2020 in…
Sign in to view related legal provisions.