The appeal arises from an order dated 26.09.2023 passed by the Adjudicating Authority (NCLT, New Delhi Bench-VI) dismissing IA No. 1291/2022 in C.P. (IB) No. 81(PB)/2019. The Appellant-Liquidator sought directions against Respondent No.1 and 2 to recover certain dues payable to the Corporate Debtor.
Uttar Pradesh Rajkiya Nirman Nigam Ltd. (URNL) was awarded a project for construction of sub-stations.
URNL sub-contracted the work to the Corporate Debtor-Dev Denso Power Ltd.
The Corporate Debtor was admitted into CIRP on 11.06.2019 and liquidation proceedings were initiated on 06.09.2021.
The Appellant was appointed the Liquidator.
The Appellant informed Respondent No.1 on 16.09.2021 to pay an outstanding recoverable amount.
An amount of Rs 172.58 lakhs was reflected in the audited balance sheet of the Corporate Debtor.
The Adjudicating Authority dismissed IA No. 1291 of 2022 directing the Appellant-Liquidator to approach an appropriate forum to recover their dues from the Respondents.
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Corporate Debtor…
Liquidation proceedings…
The appeal arises from an order dated 26.09.2023 passed by the Adjudicating Authority (NCLT, New Delhi Bench-VI) dismissing IA No. 1291/2022 in C.P. (IB) No. 81(PB)/2019. The Appellant-Liquidator sought directions against Respondent No.1 and 2 to recover certain dues payable to the Corporate Debtor.
Uttar Pradesh Rajkiya Nirman Nigam Ltd. (URNL) was awarded a project for construction of sub-stations.
URNL sub-contracted the work to the Corporate Debtor-Dev Denso Power Ltd.
The Corporate Debtor was admitted into CIRP on 11.06.2019 and liquidation proceedings were initiated on 06.09.2021.
The Appellant was appointed the Liquidator.
The Appellant informed Respondent No.1 on 16.09.2021 to pay an outstanding recoverable amount.
An amount of Rs 172.58 lakhs was reflected in the audited balance sheet of the Corporate Debtor.
The Adjudicating Authority dismissed IA No. 1291 of 2022 directing the Appellant-Liquidator to approach an appropriate forum to recover their dues from the Respondents.
…Corporate Debtor…
Liquidation proceedings…