The appeal challenges the order dated 10.06.2025 passed by the National Company Law Tribunal, Guwahati Bench, rejecting the Intervention Petition No.(IBC)/1/GB/2024 filed by the Appellant in Section 7 proceedings initiated by Respondent No.1 against Respondent No.2.
SREI Equipment Finance Ltd. filed a Section 7 application against Kitply Industries Ltd. (Corporate Debtor).
Kitply Industries Ltd. was admitted to CIRP by an order dated 01.05.2018.
Kitply Industries Ltd. was taken over by Plytinum Marketing Ltd.
SREI Equipment Finance Ltd. itself underwent CIRP.
An Administrator was appointed in SREI Equipment Finance Ltd. by the Reserve Bank of India.
The Appellant filed an Intervention Application on behalf of himself and 129 workers of Kitply Industries Ltd.
The Intervention Petition was filed under Section 65 of the IBC read with Rule 11 of the NCLT Rules, 2016, praying for dismissal of the Section 7 application.
The Adjudicating Authority rejected the Intervention Petition.
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The date on which the judgment was delivered…
Order passed by the National Company Law…
The appeal challenges the order dated 10.06.2025 passed by the National Company Law Tribunal, Guwahati Bench, rejecting the Intervention Petition No.(IBC)/1/GB/2024 filed by the Appellant in Section 7 proceedings initiated by Respondent No.1 against Respondent No.2.
SREI Equipment Finance Ltd. filed a Section 7 application against Kitply Industries Ltd. (Corporate Debtor).
Kitply Industries Ltd. was admitted to CIRP by an order dated 01.05.2018.
Kitply Industries Ltd. was taken over by Plytinum Marketing Ltd.
SREI Equipment Finance Ltd. itself underwent CIRP.
An Administrator was appointed in SREI Equipment Finance Ltd. by the Reserve Bank of India.
The Appellant filed an Intervention Application on behalf of himself and 129 workers of Kitply Industries Ltd.
The Intervention Petition was filed under Section 65 of the IBC read with Rule 11 of the NCLT Rules, 2016, praying for dismissal of the Section 7 application.
The Adjudicating Authority rejected the Intervention Petition.
The date on which the judgment was delivered…
Order passed by the National Company Law…