The appeal was filed by the suspended director of the Corporate Debtor (CD) under Section 61 of the IBC, challenging an order passed by the Adjudicating Authority that initiated the Corporate Insolvency Resolution Process (CIRP) against the CD.
The Corporate Debtor (CD), Good Luck Carbon Pvt. Ltd., initially incorporated as M/s Good Luck Impex Pvt. Ltd. in 1993, changed its name in 2007. The company operates a unit in Village Jitwal Kalan, District Sangrur, Punjab, manufacturing various grades of furnace blacks for rubber products and plastics. In the usual course of business, the CD sought credit facilities from various banks under a consortium lending arrangement between 2011 and 2013, diligently meeting its repayment obligations during this period.
…The Corporate Debtor…
The name of the…
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The appeal was filed by the suspended director of the Corporate Debtor (CD) under Section 61 of the IBC, challenging an order passed by the Adjudicating Authority that initiated the Corporate Insolvency Resolution Process (CIRP) against the CD.
The Corporate Debtor (CD), Good Luck Carbon Pvt. Ltd., initially incorporated as M/s Good Luck Impex Pvt. Ltd. in 1993, changed its name in 2007. The company operates a unit in Village Jitwal Kalan, District Sangrur, Punjab, manufacturing various grades of furnace blacks for rubber products and plastics. In the usual course of business, the CD sought credit facilities from various banks under a consortium lending arrangement between 2011 and 2013, diligently meeting its repayment obligations during this period.
…The Corporate Debtor…
The name of the…
Sign in to view related legal provisions.