The case involves an appeal against the rejection of an application filed by the appellant under Section 433(e) of the Companies Act, 1956, before the High Court of Madras, which was later transferred due to the Companies (Transfer of Pending Proceedings) Rules, 2016. The application was rejected due to non-compliance with the requirement to comply by July 15, 2017, as per Rule 5 and an amended notification dated June 29, 2017. The Adjudicating Authority rejected the application on July 6, 2017, citing the aforementioned provisions and non-compliance with an earlier order.
M/s. Karismaa Foundations Pvt. Ltd. (the Appellant) filed an application under Section 433(e) of the Companies Act, 1956, before the High Court of Madras, seeking the winding up of M/s. Indust Cityscapes Constructions Pvt. Ltd. The case was transferred to the NCLT due to the Companies (Transfer of Pending Proceedings) Rules, 2016. The appellant was required to comply with certain requirements by July 15, 2017, as per Rule 5 and an amended notification dated June 29, 2017. The appellant failed to comply with these requirements. The Adjudicating Authority rejected the application on July 6, 2017, due to non-compliance. The appellant then appealed this decision. The key fact is the appellant's failure to meet the compliance deadline, which led to the rejection of their
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Appellant filed an…
Case transferred due to…
The case involves an appeal against the rejection of an application filed by the appellant under Section 433(e) of the Companies Act, 1956, before the High Court of Madras, which was later transferred due to the Companies (Transfer of Pending Proceedings) Rules, 2016. The application was rejected due to non-compliance with the requirement to comply by July 15, 2017, as per Rule 5 and an amended notification dated June 29, 2017. The Adjudicating Authority rejected the application on July 6, 2017, citing the aforementioned provisions and non-compliance with an earlier order.
M/s. Karismaa Foundations Pvt. Ltd. (the Appellant) filed an application under Section 433(e) of the Companies Act, 1956, before the High Court of Madras, seeking the winding up of M/s. Indust Cityscapes Constructions Pvt. Ltd. The case was transferred to the NCLT due to the Companies (Transfer of Pending Proceedings) Rules, 2016. The appellant was required to comply with certain requirements by July 15, 2017, as per Rule 5 and an amended notification dated June 29, 2017. The appellant failed to comply with these requirements. The Adjudicating Authority rejected the application on July 6, 2017, due to non-compliance. The appellant then appealed this decision. The key fact is the appellant's failure to meet the compliance deadline, which led to the rejection of their
…Appellant filed an…
Case transferred due to…