The appeal was filed against the order passed on 24.01.2024 by the National Company Law Tribunal, New Delhi Bench, Court-IV, which admitted a Section 7 application filed by IDBI Trusteeship Service Limited, finding debt and default on the part of the Corporate Debtor, M/s Shipra Estate Limited.
The National Company Law Tribunal (NCLT), New Delhi Bench, Court-IV admitted a Section 7 application filed by IDBI Trusteeship Service Limited against M/s Shipra Estate Limited.
The suspended board of directors of M/s Shipra Estate Limited filed an appeal against the NCLT order.
The appellant sought to settle the matter with the Financial Creditor, and the case was adjourned multiple times.
The Committee of Creditors (CoC) was constituted.
The appellant submitted a proposal under Section 12A of the IBC, but it was not acceptable to the CoC.
The interim order was extended multiple times.
The IRP returned the 12A proposal to the financial creditor due to certain shortcomings.
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Order passed by National Company Law…
Interim ord…
The appeal was filed against the order passed on 24.01.2024 by the National Company Law Tribunal, New Delhi Bench, Court-IV, which admitted a Section 7 application filed by IDBI Trusteeship Service Limited, finding debt and default on the part of the Corporate Debtor, M/s Shipra Estate Limited.
The National Company Law Tribunal (NCLT), New Delhi Bench, Court-IV admitted a Section 7 application filed by IDBI Trusteeship Service Limited against M/s Shipra Estate Limited.
The suspended board of directors of M/s Shipra Estate Limited filed an appeal against the NCLT order.
The appellant sought to settle the matter with the Financial Creditor, and the case was adjourned multiple times.
The Committee of Creditors (CoC) was constituted.
The appellant submitted a proposal under Section 12A of the IBC, but it was not acceptable to the CoC.
The interim order was extended multiple times.
The IRP returned the 12A proposal to the financial creditor due to certain shortcomings.
Order passed by National Company Law…
Interim ord…