This Company Appeal (AT) (Ins) No.871/2020 arises from an order dated 09.08.2019 passed by the National Company Law Tribunal (NCLT), Bengaluru Bench, in IA No.457/2018 and IA No.256 of 2019 in CP(IB) No.06/PB/2018. The Ministry of Corporate Affairs, represented by the Registrar of Companies, Karnataka, filed the appeal. The initial application before the NCLT was filed by the Resolution Professional, Shri Amit Chandrakant Shah, under Section 66 of the Insolvency and Bankruptcy Code (IBC), seeking orders and directions regarding the write-off of receivables from Respondents Nos. 1 to 3. The Adjudicating Authority directed the Central Government to refer the matter to the Serious Fraud Investigation Office (SFIO) for further investigation into the affairs of the
…The Ministry of Corporate Affairs, represented by the Registrar of Companies, Karnataka, filed an appeal against an order passed by the National Company Law Tribunal (NCLT), Bengaluru Bench. The initial application before the NCLT was filed by the Resolution Professional, Shri Amit Chandrakant Shah, under Section 66 of the Insolvency and Bankruptcy Code (IBC), seeking orders and directions regarding the write-off of receivables amounting to Rs.1,25,45,046/- from Respondents Nos. 1 to 3. The Adjudicating Authority directed the Central Government to refer the matter to the Serious Fraud Investigation Office (SFIO) for further investigation into the affairs of the Corporate Debtor, BCIL Red Earth Developers India Private Limited. The appellant argued that the Adjudicating
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Order passed by National Company Law Tribunal,…
Tribunal observed in…
This Company Appeal (AT) (Ins) No.871/2020 arises from an order dated 09.08.2019 passed by the National Company Law Tribunal (NCLT), Bengaluru Bench, in IA No.457/2018 and IA No.256 of 2019 in CP(IB) No.06/PB/2018. The Ministry of Corporate Affairs, represented by the Registrar of Companies, Karnataka, filed the appeal. The initial application before the NCLT was filed by the Resolution Professional, Shri Amit Chandrakant Shah, under Section 66 of the Insolvency and Bankruptcy Code (IBC), seeking orders and directions regarding the write-off of receivables from Respondents Nos. 1 to 3. The Adjudicating Authority directed the Central Government to refer the matter to the Serious Fraud Investigation Office (SFIO) for further investigation into the affairs of the
…The Ministry of Corporate Affairs, represented by the Registrar of Companies, Karnataka, filed an appeal against an order passed by the National Company Law Tribunal (NCLT), Bengaluru Bench. The initial application before the NCLT was filed by the Resolution Professional, Shri Amit Chandrakant Shah, under Section 66 of the Insolvency and Bankruptcy Code (IBC), seeking orders and directions regarding the write-off of receivables amounting to Rs.1,25,45,046/- from Respondents Nos. 1 to 3. The Adjudicating Authority directed the Central Government to refer the matter to the Serious Fraud Investigation Office (SFIO) for further investigation into the affairs of the Corporate Debtor, BCIL Red Earth Developers India Private Limited. The appellant argued that the Adjudicating
…Order passed by National Company Law Tribunal,…
Tribunal observed in…