The case involves an appeal regarding the non-handover of assets and control of Jaipur Metals & Electricals Limited to the Resolution Professional, Arunava Sikdar, due to the stand of the Government of Rajasthan under the Jaipur Metals and Electricals Limited (Acquisition of Shares) Act, 1986. Despite approximately 180 days having passed, an appropriate order has not been issued, and the matter remains pending. The Adjudicating Authority (National Company Law Tribunal), Jaipur, directed the Appellant to include the Government of Rajasthan as a party Respondent.
Arunava Sikdar is the Resolution Professional for Jaipur Metals & Electricals Limited. The assets and control of Jaipur Metals & Electricals Limited have not been handed over to the Resolution Professional. This is due to the stance of the Government of Rajasthan under the Jaipur Metals and Electricals Limited (Acquisition of Shares) Act, 1986. Approximately 180 days have passed without an appropriate order being issued. The Adjudicating Authority (National Company Law Tribunal), Jaipur, directed the Appellant to implead the Government of Rajasthan as a party Respondent. The case is related to IB No.54(PB)/2018 before the Adjudicating Authority.
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The case involves an appeal regarding the non-handover of assets and control of Jaipur Metals & Electricals Limited to the Resolution Professional, Arunava Sikdar, due to the stand of the Government of Rajasthan under the Jaipur Metals and Electricals Limited (Acquisition of Shares) Act, 1986. Despite approximately 180 days having passed, an appropriate order has not been issued, and the matter remains pending. The Adjudicating Authority (National Company Law Tribunal), Jaipur, directed the Appellant to include the Government of Rajasthan as a party Respondent.
Arunava Sikdar is the Resolution Professional for Jaipur Metals & Electricals Limited. The assets and control of Jaipur Metals & Electricals Limited have not been handed over to the Resolution Professional. This is due to the stance of the Government of Rajasthan under the Jaipur Metals and Electricals Limited (Acquisition of Shares) Act, 1986. Approximately 180 days have passed without an appropriate order being issued. The Adjudicating Authority (National Company Law Tribunal), Jaipur, directed the Appellant to implead the Government of Rajasthan as a party Respondent. The case is related to IB No.54(PB)/2018 before the Adjudicating Authority.
The Government of…
Order passed by the Adjudicating Authority…
Sign in to view related legal provisions.