The appeal arises from an order dated 20.02.2024 passed by the National Company Law Tribunal (NCLT), Chandigarh, admitting a Section 9 petition filed by Napin Impex Ltd. against Kirtiman Cements and Packaging Industries Limited, initiating CIRP.
Napin Impex Ltd. filed a Section 9 petition against Kirtiman Cements and Packaging Industries Limited, seeking initiation of CIRP.
The NCLT, Chandigarh, admitted the petition on 20.02.2024.
Jatinder Oberoi, the suspended director of Kirtiman Cements, filed an appeal against the admission order.
Napin Impex Ltd. acted as a Del Credere Agent for ONGC Petro Additions Ltd. (OPAL).
Kirtiman Cements purchased polymer raw materials from OPAL through Napin Impex Ltd.
Kirtiman Cements defaulted on payments to Napin Impex Ltd.
The Del Credere Agency Agreement placed financial responsibility on Napin Impex Ltd. for buyer defaults.
The Corporate Debtor requested OPAL to register it as a customer through Napin Impex Ltd.
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NCLT, Chandigarh, admitted the Section 9…
An order was passed…
The appeal arises from an order dated 20.02.2024 passed by the National Company Law Tribunal (NCLT), Chandigarh, admitting a Section 9 petition filed by Napin Impex Ltd. against Kirtiman Cements and Packaging Industries Limited, initiating CIRP.
Napin Impex Ltd. filed a Section 9 petition against Kirtiman Cements and Packaging Industries Limited, seeking initiation of CIRP.
The NCLT, Chandigarh, admitted the petition on 20.02.2024.
Jatinder Oberoi, the suspended director of Kirtiman Cements, filed an appeal against the admission order.
Napin Impex Ltd. acted as a Del Credere Agent for ONGC Petro Additions Ltd. (OPAL).
Kirtiman Cements purchased polymer raw materials from OPAL through Napin Impex Ltd.
Kirtiman Cements defaulted on payments to Napin Impex Ltd.
The Del Credere Agency Agreement placed financial responsibility on Napin Impex Ltd. for buyer defaults.
The Corporate Debtor requested OPAL to register it as a customer through Napin Impex Ltd.
…NCLT, Chandigarh, admitted the Section 9…
An order was passed…