This is an appeal filed against the order dated 20.03.2023 passed by the Adjudicating Authority (National Company Law Tribunal, Cuttack Bench) in I.A.(IB) No. 247/CB/2022 in Company Petition (IB) No. 63 of 2021. The Appellant sought an interim protection restraining the Corporate Debtor from alienating its assets. The application was considered on 20.03.2023.
SKS Enterprises filed an appeal against an order by the Adjudicating Authority (National Company Law Tribunal, Cuttack Bench) regarding I.A.(IB) No. 247/CB/2022 in Company Petition (IB) No. 63 of 2021. SKS Enterprises sought interim protection to prevent Madhya Bharat Papers Ltd. (the Corporate Debtor) from alienating its assets. The Adjudicating Authority considered the application on 20.03.2023. The Corporate Debtor's counsel initially assured the court that no assets were being alienated, but this assurance was later withdrawn. The Appellant argued that the Corporate Debtor was selling its last available asset, necessitating an interim order. The matter was scheduled for further hearing and disposal on 10.07.2023. The court issued an interim order limited until
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This is an appeal filed against the order dated 20.03.2023 passed by the Adjudicating Authority (National Company Law Tribunal, Cuttack Bench) in I.A.(IB) No. 247/CB/2022 in Company Petition (IB) No. 63 of 2021. The Appellant sought an interim protection restraining the Corporate Debtor from alienating its assets. The application was considered on 20.03.2023.
SKS Enterprises filed an appeal against an order by the Adjudicating Authority (National Company Law Tribunal, Cuttack Bench) regarding I.A.(IB) No. 247/CB/2022 in Company Petition (IB) No. 63 of 2021. SKS Enterprises sought interim protection to prevent Madhya Bharat Papers Ltd. (the Corporate Debtor) from alienating its assets. The Adjudicating Authority considered the application on 20.03.2023. The Corporate Debtor's counsel initially assured the court that no assets were being alienated, but this assurance was later withdrawn. The Appellant argued that the Corporate Debtor was selling its last available asset, necessitating an interim order. The matter was scheduled for further hearing and disposal on 10.07.2023. The court issued an interim order limited until
…The Adjudicating Authority passed an order…
The application seeking…
Sign in to view related legal provisions.